Oct Crude/Breakout *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

Oct Crude broke out above its 1 month price channel between $93 and $98. Price did pull back from its high Friday but the only thing important now after a breakout is for price to just hold above $98 to change this breakout point from resistance to support. A few days of holding above $98 would suggest a run up to next price resistance of $103.50.

Forum Policy

Return to Index