Long term basis: lower
On a yearly basis, stochastic and MACD could continue to be overbought for two periods or more. As long as MY (end of period) proves to be a resistance, the main trend is not bullish.
On a quarterly basis, LQ / UQ spread is shrinking. A PEI is in progress with our moving averages.
On a monthly basis; for M23, the trend is bearish. Our stochastic and MACD are oversold. PM could be the main resistance.
Idea: not bullish as long as our monthly M23 is not up
Bet: higher if 3601 fails as a resistance (end of period).
R= PM (3588), 3600.8 (March 2012 high), MQ (3647), MY (3709); S= MM (3393), LM (2782)
Medium term: without trend
On a weekly basis, TAM tools are neutral.
Idea: below MW, LW is our main objective
Bet: weak as long as our weekly stochastic is not oversold.
R= UW (3608); S= MW (3405), LW (3202).
Short term: higher without a bullish trend
On a daily basis, UD / LD spread is expending. No PEI could develop with TAM tools.
Idea: daily MACD is our leading indicator
Bet: nothing to do.
R= MQ (3647); S= MD (3433).
Conclusion: nothing to do for some weeks.
Bonjour Philippe
Le contrat Future sur le jus d’orange OJXXXX semble buter sur le seuil des 129-130.
La rupture de ce seuil pourrait elle permettre au cours d’envisager une remontée vers 150-153 ? Dans le cas contraire, une mise en échec sur les 130 pourrait peut être permettre au cours de retester les 104. Sous ce seuil il faudrait être liquide car retour probable à 65 environ. Qu’en pensez vous ? Merci
Bonjour Ragondin. Effectivement, la présence d’IEN en weekly ne doit pas permettre une amplification de la hausse. Un retour sur LW est donc possible si MW ne tient pas. Bien cordialement.
Philippe