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

Dec Emini/ At Strong Resistance....still *PIC*

The Dec Emini continues to spin its wheels at the strong price resistance of 1404. This was the March highs that was tested and finally cleared in September but broke down again on the November selloff. This is also the downtrendline from October. Price would need to clear and hold above 1404 to suggest higher prices ahead. Meanwhile resistance is resistance and is bearish below 1404. Lots of resistance all the way to 1430 as well. Perhaps a bullish or bearish comment from some official regarding the fiscal cliff will see prices soar or plunge. Strangles anyone????????? (the Option kind)