Crude oil: towards UM

 

Yearly trend: higher

On a yearly basis, the pattern in progress is a bullish parallel pattern. The status for our MACD is a bullish no-crossover. Our 7 / 23 years moving averages are always on a bull trend.

Idea: use bullish parallel rules

Bet: higher

 

Long term: bullish pseudo no-crossover for our quarterly moving averages

On a quarterly basis, the spread UQ / LQ is maximal but shrinking slowly. With our 7 / 23 quarters moving averages, a bullish pseudo no-crossover could develop this year. Without a bearish no-crossover as a status for our stochastic, a rise will develop and UM will be a target. Otherwise LW will be an objective.

On a monthly basis, the spread UM / LM was maximal but is shrinking. As long as our stochastic is not overbought, the rise in progress could continue.

Idea: UM as a main target

Bet: rise for some months

R= UM (99.10);    S= MM (67.44, end of period)

 

Medium term: volatility is not far away from its minimal level

On a weekly basis, the level of volatility is minimal. Our 7 / 23 weeks moving averages, stochastic and MACD status is a bullish no-crossover. MW is not flat. MM is not up. UM is a maximal target.

Idea: higher for some weeks.

Bet: bullish as long as our MACD is not overbought.

R = UM (99.10);     S = MW (78.05)

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