Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Euro/Backing off Stiff Resistance *PIC*

The Euro is respecting the confluence of tough resistance points all at the 137 level. Also note all three moving averages have converged together. This doesn't often happen and tends to warn of a sharp and strong move shortly after the convergence. As always draw your own conclusions...........