Long term: bullish

On a quarterly basis, the trend for Bollinger bands spread is increasing. Our 7 / 23 quarters moving averages are up. Our stochastic and MACD will continue to rise.

On a monthly basis, as long as our MACD is not overbought, the rise in progress will continue or amplify.

Idea: higher for some periods on a quarterly basis.

Bet:  above 130

R= 130, +, ++;    S= MM (123.04)

Medium term: bullish parallel pattern

On a weekly basis (continuous contract), a bullish parallel pattern is in progress.

Idea:  use bullish parallel rules

Bet: a new parallel qualification will develop next week

R = 130, +, ++ ;   S = PW (125.94)

Short term: neutral

On a daily basis Bollinger bands spread is minimal. With the weekly trend, LD should act as a support. Above MD, UD is our next objective.

Bet:

R = MD (128.82), UD / PD (129.73)   S = LD (128.02)

Conclusion: very bullish if UD fails as a resistance