Crude oil: higher for some weeks

Long term: towards UQ?
On a quarterly basis, a bullish no-crossover is in
progress with our moving averages and our stochastic. On a monthly basis, our
stochastic and MACD are not yet oversold.
Idea: oversold status this month for our stochastic
and MACD
Bet: very bullish with a bullish no-crossover for our
monthly moving averages (before the end of 2011)
R= UM (108.9),
UQ (120.41);   S= MM (88.45), LM
Medium term: higher
On a weekly basis, UW / LW spread is above a reference
level but is expending. Rise as long as our MACD is not overbought.
Idea: UM could be a target
Bet: higher for some weeks.
R = UW (101.58);     S = MW (89.31)
Short term: higher
On a daily basis, a
PEI is in progress with our MACD.
Idea: rise as long
as our MACD is not overbought
Bet: towards UM.
R = UM (101.58);    S= MD (92.68)
Conclusion: towardsUM.

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