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TFC Commodity Trading Forum

Re: dx *PIC*
In Response To: Re: dx ()

DX missed 83.74 S/R and in 06/01/12 started to retrace from 83.67. --

30 minutes ago DX tested 82.41 looking for support and right now DX M2 is trading 82.49 at 01:30 E.T. If in the next tests DX M2 fails to find support at 82.41 then it will target 81.78 S/R. Failure at 81.78 will target 81.15 S/R. Notice in the chart below, that the stoch. is in sell mode and moving towards oversold area. RSI is below 50% also moving towards oversold area. Bearish in this time frame. Daily stoch was in overbought and now is moving down on "sell mode" towards 50% line.

There are more supports below 81.15 but this ones will do for now. Will see what happens in the next 24 hours.

As always, the market has the last word and in due time will show us the real deal in dollars and cents.


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