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TFC Commodity Trading Forum

Re: June Crude/At Support/DX/Silverbear *PIC*
In Response To: Re: June Crude/At Support ()

Yep,that was a valid breakout over the 4 month downtrendline and above the April high resistance on DX as well. Next stop is the major resistance at the Jan high double top of 81.50 to 82 area. DX rallies tend to trash most everything in its tracks. But a lot of markets are very oversold now as well with the DX rally off the late April lows and 200ema support that the rally came from. DX sure did a lot of damage to most markets on the bounce back as usual. Not going to be a one way street though. A bounce back in the 'other markets' with a DX pullback with the financial media explaining it all away is likely nearby regardless. DX presently is bumping up against the March high resistance so a mild pullback in here in its zig zag higher would be typical. Wouldn't want to make it that easy for us all would it now.