Emini/ Bumping Downtrendline Resistance *PIC*

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.

Forum Policy

Return to Index

TFC Commodity Trading Forum

The Dec Emini is bumping up against its downtrendline resistance. (the Dec contract expires Dec 15 and then switches to the March/12 contract) From the low of Oct 4th the present rally should top out between Dec 16th and Dec 23rd if the typical rally cycle repeats once again. Meanwhile resistance is resistance and price is spinning its wheels at the downtrendline. The technical chart pattern on the Emini is much like the Gold chart and tends to be explosive when it breaks out. One definitely doesn't want to be on the wrong side of the break.

Forum Policy

Return to Index