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.

Long term: towards UM or above

On a quarterly basis, a bullish no-crossover is in progress with TAM tools.

On a monthly basis, our MACD is not yet oversold.

Idea: very bullish when PM fails as a resistance

Bet: towards UM or above.

R= UM (110.98), UQ (121.96);   S= MM (90.42)

Medium term: rise

On a weekly basis, a   bullish pre-parallel pattern could develop.

Idea: UW is our first target

Bet: MW / PW could be a support.

R = UW (107.18);     S = PW (91.6)

Short term: without trend

On a daily basis; UD / LD spread is a reference one. TAM tools are without PEI.

Idea: nothing to do

Bet: wait for one / two weeks.

R = UD (104.64);    S= LD = (94.63).

Conclusion: nothing to do this week.

Long term: towards UQ

On a quarterly basis, a bullish no-crossover is in progress with our moving averages and our stochastic.

On a monthly basis, our stochastic and MACD are not yet oversold.

Idea: oversold status next month (January) for our stochastic and MACD

Bet: very bullish with a bullish no-crossover for our monthly moving averages

R= UM (110.12), UQ (120.56);   S= MM (89.21)

Medium term: rise

On a weekly basis, a PEI is the status for our stochastic.

Idea: UW is our first target

Bet: UW could be a strong resistance.

R = UW (104.43);     S = MW (90.78)

Short term: higher?

On a daily basis; if MD proves to be a support, a PEI will be the status for our stochastic and MACD.

Idea: above 103.36 (current high) May 2011 top is our next objective (114).

Bet: focus on MD.

R = 103.36;    S= MD (98.56), LD = (93.92).

Conclusion: focus on MD.

Long term: towards UQ?

On a quarterly basis, a bullish no-crossover is in progress with our moving averages and our stochastic. On a monthly basis, our stochastic and MACD are not yet oversold.

Idea: oversold status this month for our stochastic and MACD

Bet: very bullish with a bullish no-crossover for our monthly moving averages (before the end of 2011)

R= UM (108.67), UQ (120.23);   S= MM (88.34), LM (68.02)

Medium term: higher

On a weekly basis, UW / LW spread is above a reference level. Towards UW if M23 trend is up.

Idea: UW could be a target

Bet: rise as long as our stochastic is not overbought.

R = UW (100.4);     S = MW (88.95)

Short term: higher

On a daily basis, a PEI is in progress with our MACD.

Idea: rise as long as our MACD is not overbought

Bet: towards UW.

R = UW (100.4);    S= PD (89.77)

Conclusion: higher but not yet bullish.

Long term: towards MM?

On a monthly basis, as long as M7 is up, MM is our main support.

Idea: a technical correction could develop.

Bet: nothing to do.

R= UM (128.97);   S= MM (95.13)

Medium term: trading range

On a weekly basis, volatility is a reference one. A bearish no-crossover could develop with our MACD.

Idea: PW is our first resistance and UW is a strong one.

Bet: decline with a close below MW.

R = PW (119.12), UW (123.6);     S = LW (104.65)

Short term: trading range

On a daily basis, UD / LD spread is above a reference one. Below MD, LD is our next objective.

Idea: UD is our main resistance

Bet: nothing to do.

R = UD (115.6);    S= MD (109.37), LD (103.15)

Conclusion: nothing to do.

Yearly trend: higher

On a yearly basis, the pattern in progress looks like a parallel pattern. A PEI is in progress with our MACD. Our 7 / 23 years moving averages are always on a bull trend.

Idea:  UY / LY spread is increasing

Bet: UQ as a first target.

R= UQ (120.7), PY (144.39);   S= MM (86.24)

Long term: decline?

On a quarterly basis, the spread UQ / LQ is maximal but could expend. TAM tools are up without PEI.

On a monthly basis, our MACD could be overbought in early July. Below MM, LM is our next objective.

Idea: rise as long as our MACD is not overbought

Bet: lower below MM.

R= UM (107.94);   S= MM (86.24), LM (64.53)

 Medium term: decline

On a weekly basis, UW / LW spread is not far away from its maximal level.

Idea: LW is a strong support.

Bet: bearish if MM fails as a support.

R = MW (101.59);     S = LW (89.87), MM (86.24)

Short term: without trend

On a daily basis; UD / LD spread is maximal. Above PD, UD is our main objective.

Idea: nothing to do

Bet:

R = PD (95.82), UD (101.6);     S = LD (89.18)

Conclusion: lower prices are not ruled out.

Yearly trend: higher

On a yearly basis, the pattern in progress looks like a parallel pattern. A PEI is in progress with our MACD. Our 7 / 23 years moving averages are always on a bull trend.

Idea:  UY / LY spread is increasing

Bet: UQ as a first target.

R= UQ (119.75), PY (144.39);   S= MM (85.47)

Long term: rise

On a quarterly basis, the spread UQ / LQ is maximal but expending. TAM tools are up without PEI.

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

Idea: rise as long as our MACD is not overbought

Bet: lower below PM.

R= UQ (119.75);   S= PM (94.63), MM (85.57)

Medium term: decline or bearish

On a weekly basis, UW / LW spread is maximal.

Idea: with a B type bearish crossover, LW is a strong support.

Bet: focus on 94.63 (May low).

R = UD (102.45);     S = LD (96.87), 94.63, LW (84.87)

Short term: trading range?

On a daily basis; TAM tools are neutral.

Idea: trading range for 2 months?

Bet: UD could be a strong resistance.

R = UD (102.45);     S = LD (96.87)

Conclusion: not bullish.