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

JO *PIC*

Just something different to look at.

This looks like it has the potential for a move up.

Was in a long term downer. Now has broken the downtrend line with a monthly/weekly/daily test-ish of breakout.

Followed with a consolidation zone around 12 more specifically 112.5 to 127.5.

Don't have a specific time count as to when the breakout of consolidation and subsequent up move may occur.

It may take another 2.5 months to get us to a time count of 52.5 months from last major high @ 22.5.

I always said concerning timing these things...I don't care when it does it so long as I see it when it does it.

So...wait and watch for a breakout of this consolidation range...preferably with a test of breakout...then the run.