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TFC Commodity Trading Forum

Re: Sept Nat Gas & DX Chewing at Resistance/g *PIC*

Well I don't follow the intraday charts posted because if one does you have to track them all or miss the point of them if only randomly following along. I've always preferred the Daily charts but have traded all the intraday ones. Especially when I traded the Emini a decade ago after taking a course in it. But I learned to chart with Dailies long before computers were around so that's where my heart is when looking at charts. A lot of the intraday charts are nothing but noise and hyper traders are bouncing off the walls looking for their fix minute by minute. Been there/done that. Like the old song goes something like this " No,no,no,no I don't do that no more. Tired of waking up on the floor".

But "Speak of the Devil" on your comment about my DX post long ago. I don't recall it exactly but once again DX is right at the point of "Blasting off" and trashing everything inverse once again. See price pullback to the previous rally top in late June which is also its 20ema and find support there and rallying again. And now price is once again bumping up against 63.40 price resistance. Soooooooooooo again oddly enough I am 'anticipating' a sharp move above resistance even though 'resistance is resistance'. The key now technically is to clear resistance and trash inverse markets or pullback and break below the recent low and see inverse markets soar higher. Strange you should mention this tonight............................here we are once again. Big move dead ahead once again.