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/ Holding its Breakout *PIC*

DX broke above the double top resistance and Aug/11 top of 83.64 and has held above this breakout point for 3 full days now. A breakout that holds suggest a run to the next resistance level which is much higher at 89.70. This next level is the March/09/June/10 double top highs. A rally to this level would severely trash inverse markets. So far this recent breakout is still holding with the only negative being the oscillators showing negative divergences at this new price high.