CF is 2-3 days from the bottom of a 34 day cycle, but no buy signal yet. There is a good chance we get signals at the bottom of this short term cycle (but not guaranteed). I think the downside potential is $110, but it might be $108. $108 would probably cause a channel buy signal.
Here is the short tem chart:
The longer term cycles are up, but the shorter of the two should top soon. Here is the chart:
inlet,
ReplyDeletethank you very much for your work. now i can see the 105-110 area as a good risk to reward entry. will watch carefully, it tracked POT closely all day today. i bought 114.
susie
Susie - always happy to help a friend when I can. Hope I am wrong (and you are right @ $114).
ReplyDelete