Feb Crude/ Still Bumping 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 Read Responses

TFC Commodity Trading Forum

Feb Crude continues to bump up against the 102-105 resistance area after its test of 94 support. All moving averages are now bullish and this is the 3rd time up into this price resistance area which has chewed away much of the resistance. The pattern from the Oct low is a bullish Ascending Triangle. If price can clear and hold within the 102 to 105 area this would be especially bullish and suggest a strong breakout over 105. Meanwhile resistance is resistance.

Messages In This Thread

Feb Crude/ Still Bumping Resistance *PIC*

Re: Feb Crude/ Still Bumping Resistance

Re: Feb Crude/ Still Bumping Resistance/Silverbear

Forum Policy

Return to Index Read Responses