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TFC Commodity Trading Forum

Re: Trades... take a look/STR *LINK* *PIC*

Yes today was day 6 down. And price bounced off a double bottom with positive divergences on the oscillators. That tends to be a good buying point. I posted a link to the seasonality of ABX and note historically it does double bottom in the early to mid part of July but breaksdown to new lows near the end of July. That is just the long term trend and not cast in stone in any single year, but pays to watch. A 'close or two' below this double bottom would suggest a repeat of history.