Long term: towards UM?

On a quarterly basis, LQ is flat. Our 7 / 23 quarters moving averages are up. Our stochastic and MACD will continue to rise. UQ could be a target.

On a monthly basis, UM / LM spread is wide. As long as M23 trend is up, PM is our main support.

Idea: Bullish no-crossover for our quarterly stochastic and MACD

Bet:  PM will act as a support

R= UQ (126.02), UM (128.18);   S= PM (118.81)

Medium term: UW / LW spread is minimal

On a weekly basis (continuous contract), a weak bullish no-crossover is in progress with our 7 / 23 weeks moving averages.

Idea: a bullish pattern is unlikely with our monthly MACD.

Bet: UW and LW will remain flat.

R = UW (123.52);   S = MW (121.99)

Short term: UD = main resistance

On a daily basis (March. basis) Bollinger Bands spread is maximal. UD is a strong resistance.

 Idea: a bullish pre-parallel could develop

Bet: none

R =UD (123.35);   S = MD (122.01)

Conclusion: nothing to do.