Long term: PQ is a strong support

On a yearly basis, Bollinger bands spread is shrinking. The trend for our 7 / 23 years moving averages is slightly up. Our stochastic is oversold with a weak bullish no-crossover.

On a quarterly basis, LQ could turn up but the UQ / LQ spread is wide. A bullish A type crossover is in progress with our 7 / 23 quarters moving averages. Our stochastic and MACD are overbought with a bearish divergence for our stochastic. As long as PQ proves to be a support, the decline in progress is only a technical move.

On a monthly basis, a bearish divergence is in progress for our stochastic with a bearish no-crossover for stochastic and MACD. With UM / LM spread, LM / PQ is our main objective.

Idea: MM is our main resistance

Bet:

 R = MM (118.62);    S = PQ (111.7), MY (110.35)

Medium term: lower

On a weekly basis, Bollinger bands spread is not far away from its minimal level. The pattern in progress for our 7 / 23 weeks moving averages is a bearish no-crossover. A bearish trend is expected without a bearish pattern.

Idea: MW is a strong resistance

Bet: bearish as long as our MACD is not oversold

R = MW (117.59);      S = LW (115.31), LM (112.61)

Short term: bearish

On a daily basis, Bollinger bands spread is at its minimal level. A bearish no-crossover is in progress with our 7 / 23 days moving averages. . A bearish trend is expected without a bearish pattern.

Idea: MD is a strong resistance

Bet: buy short position

R = MD (117.13);       S = LW (115.31)

Conclusion: at least, lower until the end of 2010.

Long term: PQ is a strong support

On a yearly basis, Bollinger bands spread is shrinking. The trend for our 7 / 23 years moving averages is slightly up. Our stochastic is oversold with a weak bullish no-crossover.

On a quarterly basis, LQ could turn up but the UQ / LQ spread is wide. A bullish A type crossover is in progress with our 7 / 23 quarters moving averages. Our stochastic and MACD are overbought with a bearish divergence for our stochastic. As long as PQ proves to be a support, the decline in progress is only a technical move.

On a monthly basis, a bearish divergence is in progress for our stochastic with a bearish no-crossover for stochastic and MACD. LM / PQ is our main objective.

Idea: MM is our main resistance

Bet: a new bearish no-crossover could develop with our monthly stochastic

 R = MM (118.65);    S = PQ (111.7), MY (110.37)

Medium term: without trend

On a weekly basis, Bollinger bands are flat and the spread is not far away from its minimal level. The pattern in progress for our 7 / 23 weeks moving averages is a bearish no-crossover. A bullish no-crossover is in progress with our stochastic.  MW could act as a resistance.

Idea: LW is a strong support.

Bet: PW is a strong resistance

R = MW (117.68), PW (119.03);      S = LW (115.46)

Short term: neutral

On a daily basis, Bollinger bands spread is at its minimal level. With the weekly trend, Bollinger bands are our main targets.

Idea: nothing to do

Bet: no

R = UD (118.03);       S = LD (116.56)

Conclusion: flat

Long term: PQ is a strong support

On a yearly basis, Bollinger bands spread is shrinking. The trend for our 7 / 23 years moving averages is slightly up. Our stochastic is oversold with a weak bullish no-crossover.

On a quarterly basis, LQ could turn up but the UQ / LQ spread is wide. A bullish A type crossover is in progress with our 7 / 23 quarters moving averages. Our stochastic and MACD are overbought with a bearish divergence for our stochastic. As long as PQ proves to be a support, the decline in progress is only a technical move.

On a monthly basis, a bearish divergence is in progress for our stochastic with a bearish no-crossover for stochastic and MACD. LM / PQ is our main objective.

Idea: if LM = support, a bearish pre-parallel pattern could develop

Bet: MM is our main resistance

 R = MM (118.54), UM (124.74);    S = PQ (111.7), MY (110.37)

Medium term: without trend

On a weekly basis, Bollinger bands are flat. Our moving averages are flat. This time frame is without trend.

Idea: bearish no-crossover for our 7 /23 weeks moving average

Bet: towards LW or –

R =MM (118.54);      S = LW (115.72)

Short term: recovery

On a daily basis, daily M23 is up for some days. Below PD; LD is our next objective.

Idea: recovery as long as PD = support

Bet: UD will be our main resistance.

R = UD (118.71);       S = PD (117.53), LD (116.83)

Conclusion: not bullish.

Long term: PQ is our first target

On a yearly basis, Bollinger bands spread ids shrinking. The trend for our 7 / 23 years moving averages is slightly up. Our stochastic is oversold with a weak bullish no-crossover.

On a quarterly basis, LQ could turn up but the UQ / LQ spread is wide. A bullish A type crossover is in progress with our 7 / 23 quarters moving averages. Our stochastic and MACD are overbought with a bearish divergence for our stochastic. As long as PQ proves to be a support the decline in progress is only a technical move.

On a monthly basis, a bearish divergence for our stochastic with a bearish no-crossover for stochastic and MACD is in progress. LM / PQ is our main objective.

Idea: strong bearish signal with our stochastic quarterly bearish divergence

Bet: bearish trend at least until Q2 2011

 R = MM (118.22);    S = PQ (111.7), MY (110.3)

Medium term: bearish pattern

On a weekly basis, like a bearish bubble pattern is in progress (continuous contract, not yet on the March one).

Idea: UW / LW spread will increase in the future

Bet: new FED policy before March 2010

R =MW (117.85);      S = LD (114.61)

Short term: bearish parallel pattern

On a daily basis, a bearish parallel pattern is in progress.

Idea: use bearish parallel rules

Bet: new bear impulsion with a bearish no-crossover for our  7 / 23 days moving averages.

R = PD (116.28), MD (116.8);       S = LD (114.61)

Conclusion: bearish T4 next week for our weekly basis

Long term: UQ is our first target (new analysis)

On a yearly basis, Bollinger bands could be flat next period. The trend for our 7 / 23 years moving averages is slightly up. Our stochastic and MACD are oversold.

On a quarterly basis, UQ / LQ spread increase. A bullish A type crossover is in progress with our 7 / 23 quarters moving averages. A Bullish no-crossover is the status for our MACD. UQ is our first target.

On a monthly basis, UM / LM spread is near its maximal level. A bullish A type crossover could develop next month with our 7 / 23 months moving averages. The bearish divergence for our stochastic will be over next month. UM could be a target.

Idea: with a close above MM, UM is our main target.

 R = UQ (123.41), UM (125.05);    S = MM (118.09), LM (111.12)

Medium term (March 00): UW / LW spread is minimal

On a weekly basis, UW / LW spread is near its minimal level. Our 7 / 23 weeks moving averages are up. Our stochastic is oversold and a weak bullish no-crossover is in progress with our MACD. UW) is our first resistance.

Idea: with the monthly trend, no bullish pattern could develop.

R =UW (118.61), UQ (123.41);      S = PW (115.47)

Short term: bullish parallel pattern

On a daily basis, the dynamic for UD / LD spread is increasing with a bullish crossover PD / MD. The weekly trend is up. Next week, a bullish parallel pattern will be in hand.

Idea: bullish no-crossover for our stochastic.

R = UW (118.61);       S = MD (117.08)

Conclusion: above 119.91, UY (121.31) could be an objective (stop-loss is MD level)

Long term: new bear trend?

On a yearly basis, Bollinger bands could be flat next period. The trend for our 7 / 23 years moving averages is slightly up. Our stochastic could be overbought at the end of this period with a bearish divergence. Below MY, the main trend will be bearish.

On a quarterly basis, for our stochastic the status is a bearish divergence (worst for the 30 Y US T-Bond contracts). With this hypothesis, MQ is our first support. LQ could stay flat.  PQ could act as a support.

On a monthly basis, UM / LM spread is near its maximal level. A bearish B type crossover could develop for our 7 / 23 months moving. A bearish non-crossover could be the status for our stochastic (and a bearish divergence is in progress). LM is our next objective.

Idea: with a close below MM, LM is our main target.

 R = UW (119.23), UM (124.97);    S = LM (111.1), PQ (110.61), MY (109.43)

Medium term: UW / LW spread is minimal

On a weekly basis, UW / LW spread is near its minimal level. Our 7 / 23 weeks moving averages are neutral. 119.77 is our main resistance.

Idea: with the monthly trend, no bullish pattern could develop.

R =119.77 (current high);      S = MW (117.55), PW (115.81)

Short term: UD / LD spread is minimal

On a daily basis, UD / LD spread is not minimal. Above 119.77, a bullish pattern is not ruled out.

Idea: nice dynamic for LD yesterday with our daily T1 pattern.

R = 119.77;       S = MD (118.10), LD (117.36)

Conclusion: above 119.77 UM (124.97) could be an objective (stop-loss is MD level)

Long term: new bear trend?

On a yearly basis, Bollinger bands could be flat next period. The trend for our 7 / 23 years moving averages is slightly up. Our stochastic could be overbought at the end of this period with a bearish divergence. Below MY, the main trend will be bearish.

On a quarterly basis, for our stochastic the status is a bearish divergence (worst for the 30 Y US T-Bond contracts). With this hypothesis, MQ is our first support. LQ is flat.  PQ could act as a support.

On a monthly basis, UM / LM spread is near its maximal level. A bearish B type crossover could develop for our 7 / 23 months moving. A bearish non-crossover could be the status for our stochastic (and a bearish divergence is in progress). LM is our next objective.

Idea: with a close below MM, LM is our main target.

 R = UW (119.28), UM (124.96);    S = LM (111.09), PQ (110.61), MY (109.42)

Medium term: UW / LW spread is minimal

On a weekly basis, UW / LW spread is near its minimal level. Our 23 weeks moving average will continue to decline. UW is our main resistance.

Idea: as long as our MACD is not overbought, UW is our main target.

R = UW (119.28);      S = MW (117.2), LW (114.92)

Short term: neutral

ryer. st (22a, urice.yernault@skynet.be;frdg@skynet.be;mercier@skynet.be;annie.finfe@tiscali.be;colombana.jose

On a daily basis, UD / LD spread is maximal. Above MD, UD could be our next target..

Idea: bearish pre-parallel pattern if MD acts as a resistance.

R = MD (118.25), UD (119.74);       S = LD (117.17)

Conclusion: with a bearish divergence as a status for our quarterly stochastic, a similar pattern could develop on the yearly basis.

Long term: new bear trend?

On a yearly basis, Bollinger bands could be flat next period. The trend for our 7 / 23 years moving averages is slightly up. Our stochastic could be overbought at the end of this period with a bearish divergence. Below MY, the main trend will be bearish.

On a quarterly basis, for our stochastic the status is a bearish divergence (worst for the 30 Y US T-Bond contract). With this hypothesis, MQ is our first support. LQ is flat.  PQ could act as a support.

On a monthly basis, UM / LM spread is near its maximal level. A bearish B type crossover could develop for our 7 / 23 months moving. A bearish non-crossover could be the status for our stochastic (and a bearish divergence is in progress). LM is our next objective.

Idea: with a close below MM, LM is our main target.

 R = UW (119.53), UM (124.98);    S = LM (111.11), PQ (110.61), MY (109.42)

Medium term: UW / LW spread is minimal

On a weekly basis, UW / LW spread is near its minimal level. Our 23 weeks moving average will continue to decline. UW is our main resistance.

Idea: as long as our MACD is not overbought, main target..

R = UW (119.53);      S = MW (116.84), LW (114.14)

 Short term: neutral

On a daily basis, UD / LD spread is maximal. A bearish non-crossover is in progress with our stochastic and MACD. If PD fail as a support, LD is our next objective.

Idea: bearish pre-parallel pattern if LD proves to be a support.

R = MW (118.26), UW (119.95);       S = PD (117.98), LD (116.57)

Conclusion: with a bearish divergence as a status for our quarterly stochastic, a similar pattern could develop on the yearly basis.

Long term: new bear trend?

On a yearly basis, Bollinger bands could be flat next period. The trend for our 7 / 23 years moving averages is slightly up. Our stochastic could be overbought at the end of this period with a bearish divergence. Below MY, the main trend will be bearish.

On a quarterly basis, for our stochastic the status is a bearish divergence (worst for the 30 Y US T-Bond contract). With this hypothesis, MQ is our first support. LQ is flat.  PQ could act as a support.

On a monthly basis, UM / LM spread is near its maximal level. A bearish B type crossover could develop for our 7 / 23 months moving. A bearish non-crossover could be the status for our stochastic (and a bearish divergence is in progress). LM is our next objective.

Idea: LM is a very strong support.

 R = UW (119.56), UM (124.89);    S = LM (110.97), PQ (109.46)

Medium term: towards UW

On a weekly basis, UW / LW spread is near its minimal level. Our 23 weeks moving average will continue to decline. The status for our stochastic and for our MACD is a bullish non-crossover.

Idea: as long as our MACD is not overbought, UW is our first resistance.

R = UW (119.56);      S = MW (116.81), LW (114.06)

 Short term: neutral

On a daily basis, UD / LD spread is minimal. Moving averages, stochastic and MACD are up without a bullish non-crossover. With our weekly trend, no bullish ATDMF pattern could develop.

Idea: nothing to do.

R = UW (119.56);       S = MD (117.46), LD (116.56)

Conclusion: with a bearish divergence as a status for our quarterly stochastic, a similar pattern could develop on the yearly basis.