Long term: flat

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: without trend

Bet:  PM will act as a support

R= UQ (126.06);   S= PM (119.27)

Medium term: UW / LW spread is minimal

On a weekly basis (continuous contract), our 7 / 23 weeks moving averages are without trend.  LW is flat. UW acted as a resistance.

Idea: without trend

Bet: MW is our main support

R = UW (123.8);   S = MW (122.22)

Short term: decline

On a daily basis, Bollinger bands spread is maximal. Our stochastic and MACD are overbought. Below MD, LD is our next objective.

 Idea: bearish acceleration if MD fails as a support

Bet: towards MW or LD.

R =UD (124.07);   S = MD (122.7), MW (122.22), LD (121.33)

Conclusion: daily trading if MD fails as a support