Sept Crude/Fighting Resistance/Still *PIC*

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.

Forum Policy

Return to Index

TFC Commodity Trading Forum

Sept Crude continues to spin its wheels at the top of the icy hill resistance pt of 93.45. This is the 4th day being unable to clear this important resistance level. Note the oscillators starting to roll over and the Modified MACD bumping up against the important 0 line. This is also the Fib 50% retracement pt of the selloff as well as the falling 200ema and has reached the level where price either rolls over and sells off again "OR" breaks out and runs to the $103 resistance level along with the technicals confirming a bull status ahead. It's now or never for Sept Crude and time to prove or disprove its trend. Perhaps its a time for Option Strangles.

Forum Policy

Return to Index