Monthly chart seems to be the last dash made bulls . Limit - the upper Bollinger band (2180.4). Not later than the zone index will fall down, the minimum - in the middle band (1966.4)
Weekly chart is much more localized resistance - 2136.9 (the upper Bollinger band). Support - 2050.6 (lower band).
Daily chart: a wide flat corridor 2050.6-2136.9. This week will be spent within this range, cause ADX is flat-like.
Expectations: flat area around 2094.2, within the range 2050.6-2136.9
1) Sales from the top wall - from 2136.9. Goals - 2050.6 or to the 1966.4 (in the medium-term run).
Monthly chart oil makes bears happy. The drop is exacerbated by the fact that the bottom Bollinger band updated for almost one US dollar - now the target is 41.51
Weekly chart pressure presents here as well - we are waiting for continuation of the drop.
Daily chart Bears have not yet struck the bottom envelope, but the pressure is too strong. No purchases! In the event of a rollback to the middle band (56.75), we again can add a short position.
Expectations: falling. The target is 41.51. I can not forecast how much of this goal bears can take this week. But sales can be kept confidently. If the markets give a slight pullback to the area 56.75, we shall sell again.
1) We are keeping on selling and add more (in case of growth to 56.75).
Monthly chart sellers are forcing the price to the bottom envelope and it can cause an abrupt drop to the area of 932.80
Weekly chart the lower envelope has been broken. A possible pullback up to the middle Bollinger band (1180.70), which, besides, is a quite powerful pivot point (marked by red arrows).
Daily chart a more localized resistance - 1129.98. Support is in the area of 1066.43
Expectations: So, we are waiting for a rollback up to 1129.98, and then decline to 1066.43
1) Sales from 1129.88 to 1066.43 area, or you can hold a position for the medium-term to 932.80
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