Long term: higher

On a quarterly basis, Bollinger bands spread is increasing. Our moving averages are up. Stochastic and MACD are oversold. As long as the status for our MACD is not overbought, the bull trend in progress could continue.

On a monthly basis, TAM tools are up as PM. A PEI is in progress for our monthly stochastic.  As long as the status for our stochastic and MACD is not a bearish divergence, the bull trend in progress could continue.

Idea: higher

Bet:  rise as long as our monthly MACD is not overbought.

R=  +;    S= MW (137.01)

Medium term: rise without bullish trend

On a weekly basis, UW / LW spread is increasing. A bullish no-crossover is the status for our moving averages and our stochastic. A NEI is the status for our MACD.

Idea: towards LW if MW fails as a support

Bet: UW= resistance.

R = UW (140.39);   S = MW (137.01), LW (133.63)

Short term: trading range

On a daily basis, Bollinger bands spread is minimal. TAM tools are without PEI.

Idea: forget this time frame for the week ahead

Bet:.

R = UD (140.28);   S = MD (138.95), LD (137.62)

Conclusion: nothing to do.

Long term: higher

On a quarterly basis, our moving averages are up. Stochastic and MACD are oversold. As long as the status for our stochastic is not overbought, the bull trend in progress could continue.

On a monthly basis, TAM tools are up as PM. A PEI is in progress for our monthly stochastic.  As long as the status for our stochastic and MACD is not a bearish divergence, the bull trend in progress could continue.

Idea: higher

Bet:  rise as long as our monthly MACD is not overbought.

R=  +;    S= MW (136.9)

Medium term: bullish T2

On a weekly basis, UW / LW spread is a reference one. UW / LW spread is increasing. A bullish no-crossover is the status for our moving averages.

Idea: use bullish parallel rules

Bet: +++

R = +++;   S = MW (136.9)

Short term: higher

On a daily basis, Bollinger bands spread is not minimal. A weak PEI is in progress with our moving averages.

Idea: higher.

Bet: PEI for our stochastic and MACD.

R = +;   S = MD (138.65)

Conclusion: higher and higher.

Long term: higher

On a quarterly basis, our moving averages are up. Stochastic and MACD are oversold. As long as no NEI will develop on a monthly basis, the bull trend in progress will continue.

On a monthly basis, Bollinger bands spread is increasing. TAM tools are up. As long as our MACD is not overbought, prices will continue to rise.

Idea: higher

Bet: 

R= 139.19 (Historical High), UW (140.77)    S= 135 (PW on DEC. 2011 contract)

Medium term: bullish parallel pattern

On a weekly basis, a bullish parallel pattern is in progress.

Idea: use bullish parallel rules

Bet:

R = PW (139.19);   S = 135

Short term: flat

On a daily basis, TAM tools are neutral.

Idea: PD / UD is our first resistance and LD is a strong support

Bet: nothing to do.

R = UD (138.98)   S = LD (135.44)

Conclusion: weak if 135 fail as a support.

Long term: toppish

On a quarterly basis, a bearish divergence is in progress with our stochastic and MACD. Below MQ, LQ could be a target.

On a monthly basis, Bollinger spread is flat. A bearish A type crossover is the status for our 7 / 23 months moving averages.

Idea: LM is our first support. LQ is our next objective.

Bet: as long as MM proves to be a resistance, a decline is in progress.

R= MM (125.44) S= LM (118.69), LQ (108.68)

Medium term: lower

On a weekly basis (Continuous contract); as long as a bearish A type crossover is in progress with our moving averages, the main trend is down.

Idea: PW is a strong resistance

Bet: towards LW if PW acts as a resistance.

R = PW (123.12), UW (126.04); S = LW (120.2)

Short term (continuous contract): toppish

On a daily basis, a bullish A type crossover is in progress with our moving averages.

Idea: towards PW or higher with a bullish no-crossover for our stochastic

Bet: below MD if the status of our MACD is overbought.

R = UD (123.47) S = MD (121.57), LD (119.67)

Conclusion: today, focus on daily no-crossover / overbought status for stochastic.