Brent: flat / weak on a short term basis.

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: higher

R= UM (133.07);   S= MM (107.57)

Medium term: rise

On a weekly basis, with a close below MW, LW is our next target.

Idea: lower as long as our stochastic is not oversold

Bet: weak below MW.

R= UW (130.13);     S= MW (116.6), LW (103.07)

Short term: weak

On a daily basis, a bearish no-crossover is the status for our stochastic and MACD.

Idea: MD is a strong resistance

Bet: lower as long as our MACD is not oversold.

R= MD (123.13);    S= MW (116.6).

Conclusion: close long position below MW.

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