Yearly trend: bullish for more than 2 years.

On a yearly basis, a bullish parallel pattern is in progress. The dynamic for each band is very strong. PY will cross MY in more than two periods.

Idea: bullish non-crossover for our stochastic.

 

Long term: bullish above Historical High (1033)

On a quarterly basis, the pattern is a bullish parallel one. The dynamic for our 7 / 23 quarters moving averages is bullish. The status in progress for our MACD is a bullish non-crossover with an oversold status for our stochastic. Above 1033 a new bull move will develop.

On a monthly basis, a new bearish dynamic is in progress with LM. Our 7 / 23 moving averages will continue to rise with a weak bullish non-crossover as a status. With our stochastic, the status is similar. As long as MM proves to be a support, a decline is only a technical move.

Idea:  very bullish as soon as 1033 fails as a resistance

R = 1033, UQ (1093), +++;    S = MM (904)

 

Medium term: spread UW / LW will increase with higher prices

On a weekly basis, Bollinger bands spread is not yet minimal. But, spread UW / LW will increase with higher prices. Our 7 / 23 weeks moving averages are up with a bullish non-crossover as a status. The same pattern is in progress our stochastic and MACD.  PW is a strong support.

Idea: prices will soar very soon.

R = 1033; UQ (1093), +++;       S = PW (961)

 

 

 

 

Short term: UD / LD spread is not yet minimal.

On a daily basis, a bullish pre-parallel pattern could develop. Afterwards a bullish trend is expected.

Idea: very bullish if MD proves to be a support until mid-October.

 

R = 1033; UQ (1093), +++;       S = MD (1003)

 

 

 

Conclusion: add long positions for multi year’s investments and for an “special” increase before January 2010. Stop-loss LD (987)