Green Trend Line is not significant but that will show us when bears could come to market. 124.670 is good point to putting a short order after breakout of that level short positions will increase. 127.300 is strong resistance for now. If this area broken then short orders will be canceled; Below 122.00 - 122.100 will act as support but after previous breakout...
Chart saying much more than words.
Short is much more possible on this commodity according to channel and bears on the market. On downtrend we have 2 more support areas. But always market decides the way we just follow it :)
Cotton - CT2! - Long Position Trading NuForex
Depending on my idea crude can go down deeper on weekly basis.
Always trade daily and weekly on Futures, Commodities and CFDs
Just a weekly chart idea on Palladium. Don't know if this will work or not. Time will show .
Still channel working, going long with risk/reward ratio of 1.81 is good enough to take.