Crude oil: bullish for some months (quarters???)

Long term: towards UM or above

On a quarterly basis, a PEI is in progress with our moving averages and our stochastic.

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

Idea: very bullish for some months (quarters?)

Bet: towards UM or above.

R= UM (111.58), UQ (122.21);   S= MM (91.76)

Medium term: a bullish pre-parallel occurred

On a weekly basis, a bullish parallel pattern is in progress.

Idea: UW is our first target

Bet: MW / PW is a strong support.

R = UW (106.77);     S = PW (95.84)

Short term: type I or II is expected

On a daily basis a type I or II is expected.

Idea: a type II is not ruled out

Bet: higher for a long time.

R = UD (101.45);    S= MD (99.06), LD (96.66).

Conclusion: long with a daily type II.

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