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TFC Commodity Trading Forum

Re: CT... *PIC*

well, not a great move on the order of PA but it has gone up to the 71.25 mark and commenced machinations there as there was suspicious might be the case. It looks like a possible beginning of a longer term top. It has broken the 2x1 blue uptrend line...giving permission to continue down to the red 1x1 uptrend line...that will be the place where the longer term direction will be decided.

Technically, though, being above the red 1x1 is bullish. Trading day 105 coming up on Monday. Trading day 106 may give clue as to whether this becomes a up move in duration greater than 105 trading days or if 105 TD's is the finally length, in time, of the bounce off from 60.

Then again...it may not give a chit what I think and do whatever the hell it pleases. I suspect that will be the case.

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