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WTI: higher
Long term: quiet
On a yearly basis, a bullish parallel is in progress.
On a quarterly basis, our MACD is the leading indicator.
On a monthly basis, UM / LM spread is above a reference one. TAM tools are neutral.
Idea: use our monthly stochastic as a leading indicator
Bet: UM is our main resistance.
R= UM (106.75); S= MM (93.51)
Medium term: flat
On a weekly basis, Bollinger Bands spread is a reference one. TAM tools are neutral.
Idea: use our stochastic as a leading indicator
Bet UW is a strong resistance:
R= UW (97.43); S = MW (90.38)
Short term: type III in progress
On a daily basis, a bullish parallel pattern is in progress.
Idea: use parallel rules
Bet: higher.
R= UW (97.43); S= MD (93.02)
Conclusion: higher.
WTI: higher
Long term: weak
On a quarterly basis, our MACD is the leading indicator.
On a monthly basis, UM / LM spread is above a reference one. A bearish no-crossover is the status for our stochastic and MACD.
Idea: use our MACD as a leading indicator
Bet: LM is our first support.
R= MM (95.06); S= LM (79.43)
Medium term: weak
On a weekly basis, Bollinger Bands spread is a reference one. TAM tools are neutral.
Idea: stochastic and MACD could be oversold (rise) or a bearish no-crossover could develop (bearish)
Bet: use our stochastic as a leading indicator.
R = MW (91.17); S = LW (83.68)
Short term: higher without a bullish trend
On a daily basis, a PEI is the status for our stochastic and MACD. NO PEI could develop on a weekly basis.
Idea: use our MACD as a leading indicator.
Bet: higher.
R = MW (91.17); S= MD (86.15)
Conclusion: higher without a bullish trend.
WTI: weak
Long term: weak
On a quarterly basis, our MACD is the leading indicator.
On a monthly basis, UM / LM spread is above a reference one. A bearish no-crossover is the status for our stochastic and MACD.
Idea: use our MACD as a leading indicator
Bet: LM is our first support.
R= MM (94.97); S= LM (79.13)
Medium term: weak
On a weekly basis, Bollinger Bands spread is above a reference one. TAM tools trend is down.
Idea: MW is our main resistance
Bet: use our stochastic as a leading indicator.
R = MW (90.75); S = LW (82.14)
Short term: lower
On a daily basis, TAM tools are flat.
Idea: use our stochastic as a leading indicator.
Bet: nothing to do.
R = MD (88.77); S= LD (83.15)
Conclusion: lower without a bearish trend.
WTI: a new trend? (short term basis)
Long term: weak
On a quarterly basis, MACD is our leading indicator.
On a monthly basis, UM / LM spread is flat. As long as our MACD is not oversold the decline could continue or amplify.
Idea: nothing to do
Bet: LM is a strong support.
R= UW (101.23); S= MW (90.52)
Medium term: technical recovery
On a weekly basis, stochastic and MACD are oversold. M23 trend is down.
Idea: UW is our main resistance
Bet: nothing to do.
R = UW (101.23); S = MW (90.52).
Short term: rise?
On a daily basis, the status for our moving averages is a bullish no-crossover. Our stochastic is overbought.
Idea: use our MACD as a leading indicator
Bet: a bearish T2 this week?
R = UD (98.33); S= MD (96.43), LD (94.54).
WTI: technical recovery
Long term: without trend
On a quarterly basis, our MACD is overbought a bullish no-crossover is the status for our stochastic.
On a monthly basis, UM / LM spread is shrinking. As long as our stochastic is not oversold the decline could continue or amplify.
Idea: nothing to do
Bet: LM is a strong support.
R= UM (111.43); S= MM (95.95), LM (80.08)
Medium term: technical recovery
On a weekly basis, Bollinger spread is wide. Stochastic and MACD are oversold. M23 trend is down.
Idea: UW is a far away resistance
Bet: nothing to do.
R = UW (105.69); S = MW (91.68).
Short term: rise
On a daily basis, a PEI is in progress for all TAM tools.
Idea: rise as long as our MACD is not overbought
Bet: weak below MD.
R = UW (105.69); S= MD (91.67).
Conclusion: technical recovery on a short term basis.
Crude oil: technical recovery
Long term: weak
On a quarterly basis, our MACD is overbought.
On a monthly basis, UM / LM spread is shrinking. As long as our stochastic is not oversold the decline could continue or amplify.
Idea: below 74.95, LQ could be a target
Bet: UM / LM spread could increase.
R= MM (95.48); S= 74.95 (Oct. 2011 low), LQ (49.16)
Medium term: technical recovery
On a weekly basis, stochastic and MACD are oversold. M23 trend is down.
Idea: MW is our main resistance
Bet: nothing to do.
R = MW (94.74); S = LW (76.19).
Short term: rise
On a daily basis, Bollinger bands spread is increasing. A PEI is the status for our moving averages and MACD.
Idea: rise as long as our MACD is not overbought
Bet: towards MW.
R = UD (89.74), MW (94.74); S= MD (83.49).
Conclusion: long (intraday basis)
WTI: weak on a medium term basis
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: bullish as long as MM proves to be a support
Bet: towards LM if MM fails as a support.
R= UM (112.28), UQ (123.68); S= MM (95.85), LM (79.42)
Medium term: weak
On a weekly basis, a bearish no-crossover is the status for our stochastic. With a NEI on the monthly time frame, no bear trend could develop.
Idea: towards MM
Bet: lower for some weeks.
R = MW (102.47); S = MM (95.85).
Short term: lower
On a daily basis, UD / LD spread was minimal and increasing. No PEI is in progress.
Idea: lower as long as our MACD is not oversold
Bet: not yet bearish.
R = MD (103.01); S= MM (95.85).
Conclusion: with a bullish trend for UW, lower for some weeks.
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.
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.