Brent: higher

Long term: rise but not bullish

On a monthly basis, a PEI is in progress with our moving averages.

Idea: towards UM or above

Bet: bullish with an oversold status for our stochastic.

R= UM (132.48);   S= MM (102.95)

Medium term: rise

On a weekly basis, the status for our stochastic is a PEI.

Idea: rise as long as our MACD is not overbought

Bet: WTI is more bullish.

R = UM (132.48);     S = MW (112.09)

Short term: parallel in progress

On a daily basis; a type II occurred.

Idea: use bullish parallel rules

Bet: higher.

R = UD (125.82);    S= PD (121.33), MD (118.11).

Conclusion: long.

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