Brent: higher (medium / long term basis)

Long term: higher

On a monthly basis, a type II is in progress

Idea: use bullish parallel rules

Bet: Very bullish above PQ

R= PQ (117.3), Historical High (147);   S= MM (82.6)

 

Medium term: bullish parallel in progress

On a weekly basis, a bullish parallel is in progress

Idea: use bullish parallel rules

Bet: higher for two periods or more.

R = PQ (117.3);     S = PW (108.18)

 

Short term: neutral

On a daily basis, UD / LD spread is a reference one.

Idea: LD is a strong support

Bet: nothing to do this week.

 

Conclusion: wait early April.

 

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