(chart : ask to atdmfcahen@yahoo.fr)

 Long term: flat

On a yearly basis, Bollinger band spread is not minimal but is increasing. Our 7 / 23 years moving averages are slightly bullish. Stochastic and MACD are neutral. UY is a far away resistance and MY is our main support.

On a quarterly basis, Bollinger spread is a reference one. TAM tools are neutral. LQ is a very strong support.

On a monthly basis, the UM / LM spread is above a reference one. TAM tools are on the down side. LM is a strong support.

Idea: decline as long as our monthly stochastic is not oversold

Bet: without main trend.

R= MQ (1.3966);    S= LQ (1.2493)  

 

Medium term: lower but not bearish

On a weekly basis, UW / LW spread is above a reference one. No PEI is in progress with TAM tools. As long as MW proves to be a resistance, the main trend is lower.

Idea: nothing to do

Bet: .

R = MQ (1.3966);     S = LD (1.3212)

 

 

Short term: flat

On a daily basis, LD is flat. A bullish no-crossover could be in progress with our stochastic.

Idea: rise as long as our stochastic is not overbought

Bet: towards MQ.

 

R = MQ (1.3966), MW (1.4083);   S = MD (1.3557)

 

Conclusion: a short term recovery is in progress.