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: U.S.$ Index/ Testing Long Term Support/Again

Keep in mind an uptrendline while significant is not actual defining price support. To see DX break down conclusively price would need to break below 76 and even then could find support at 74. Only a Friday close below 74 would confirm DX had returned to a definite long term downtrend again with just dead cat bounces ahead and lower lows. And to put the final nail in the coffin the 2008 lows would also need to break down.

Messages In This Thread

Re: U.S.$ Index/ Testing Long Term Support/Again