Monthly chart: the tendency remains unchanged. Highs keep increasing, oscillator shows divergence (indicating possible bullish weakness), ADX is passive. Considering all this, we are still expecting the index to reverse to the downside
Weekly chart: local resistance level is at upper Bollinger band (2303.5), support level is at middle line (2195.1). It is safe to say that bulls don't have enough potential - ADX/RSI parameters are not trending.
Daily chart: this week most appropriate scenario is flat inside Bollinger bands range (2249.4-2283.2)
Expectations: flat in the horizontal range 2249.4-2283.2
Solutions: trading within 2249.2-2283.2 corridor (preferably selling)
Monthly chart: as you might see, bulls still lack trend potential to finish with upper Bollinger band (66.80). So decline towards middle Bollinger band (51.23) is more likely
Weekly chart: according to weekly chart oil is trapped inside upper Bollinger envelope range (51.23-59.33). ADX is active and can cause local rapid price shifts.
Daily chart: locally Bollinger bands are stable making a corridor of 54.13-57.51. Considering a very weak ADX, it is quite likely that this corridor would retain the whole week.
Core scenario - flat at 54.13-57.51
Alternative scenario - rise towards 59.33 followed by decline
Solutions: consider selling from 57.51 and 59.33 regions (depending on the scenario)
Monthly chart: if bulls have already began working with local Over&Under pattern, they may continue up move towards upper Bollinger band (1364.11)
Weekly chart: as we might see here performing of the O&U start wasn't technically flawless, this can cause another decline towards 1103.50. A strong resistance at 1236.82 (middle Bollinger band) will be a nice signal for such a scenario.
Daily chart: there is valid resistance level in 1236.82 region. ADX moves counter oscillator, that can be a signal of coming downside reversal.
Expectations: touching 1236.82 region fallowed by starting decline towards 1174.06 and 1103.50 (in mid-term)
1. Consider buying towards 1236.82
2. Consider selling from 1236.82 to 1174.06