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

Re: Nine Buck Beans... *PIC*
In Response To: Re: Nine Buck Beans... *PIC* ()

862.5 the halfway point of the range 90-82.5 held. Pops right back up to nine like a boss. The two trendlines crossing at bottom could explain part of the reason it didn't go all the way to 86.25 but I like to think that it started to stop and turn a tad north of 862.5 was because that movement had reached a likely end time of that particular time cycle.

These lines aren't always hit...sometimes they get broken and don't look back...sometimes they don't make it all the way...sometimes the get broken and regained...when it does any of these things at certain time frames can dictate what the next move is going to be.

If it manages to pop the nine at that 2x1 line...maybe we get a move.

Ouch, crunch, bam...esad.