Feb Crude/Testing its Uptrendline *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

Feb Crude bumped up against price resistance in the 102-103 area over the last 3 months and has backed off to its uptrendline and 50ema. While this is not price support it is a closely watched point and pullback test. A breakdown here would suggest a selloff to the 93- 94 support area again.

Forum Policy

Return to Index