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

U.S.$ Index/Spinning its Wheels at Resistance *PIC*

DX continues to spin its wheels at this 81 to 82 resistance area. This could continue for some time and match the price action in January. Or price could fail to hold at 81 and selloff to the breakout pt at 80.43. Clearing 82 would take something way out of the ordinary to accomplish anytime soon but will likely accomplish this and much higher this year. Meanwhile resistance is resistance and price action is acting typically. Rome wasn't built in a day or a week or a month and takes time. Inverse markets should typically rebound on a DX pullback.