Crude oil: weak

Long term: towards LM

On a yearly basis a bearish no-crossover is the status for our stochastic.

On a quarterly basis, TAM tools are weak.

On a monthly basis, a PEI is the status for our moving averages and our MACD.

Idea: monthly MACD is our leading indicator

Bet: next month trend will be a long term trend.

R= MM (93.16);    S= LM (80.05)

Medium term: a bearish parallel in March 2013?

On a weekly basis, UW / LW spread is minimal. TAM tools are weak

Idea: LW is our main target

Bet: weak as long as MW= resistance.

R= MW (90.84);   S= LW (83.16),

Short term: bearish without pattern

On a daily basis, no type I or II could develop because a PEI is not in progress with our weekly moving averages.

Idea: daily MACD is our leading indicator

Bet: use bearish parallels rules.

R= PD (93.33), MD (94.43);   S= MQ (85.89), LW (83.16)

Conclusion: weak as long as MW= resistance.

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