Archives pour la catégorie Pétrole

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.