ΣL Oil Composite - 26th April 2024 | @ 81 Days | - 3.28%

Last trade: - 3.28% | 'C' class signal detected in Sigma-L Oil Composite (WTI Crude Oil, Brent Crude Oil). Average wavelength of 81 days over 15 iterations since January 2021. Currently troughing.

ΣL Cycle Summary

Continuing to lose power as time progresses, this shorter wave has produced a largely asinine, sideway cycle. The larger and more correlated to price component around 270 days is still pushing up, with a peak anticipated in June. We expect the shorter wave to once again come to dominance when larger components are neutral.

Trade Update

Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous report for this instrument, linked below.

Type: Sell - ΣL Oil Composite 15th March 2024
Entry: 15th March, 2024
Exit: 26th April, 2024

For a composite analysis, each constituent’s respective gain over the period is displayed, in descending order. The average of the constituent gain is also shown.

Constituent Gain:
WTI Crude Oil (-3.28%)
Brent Crude Oil (-3.28%)

Composite Average Gain:
- 3.28%

Before and After

Signal comparison between our last report and the current time, in chart format.

Time Frequency Analysis

Time frequency charts (learn more) below will typically show the cycle of interest against price, the bandpass output alone and the bandwidth of the component in the time frequency heatmap, framed in white. If a second chart is displayed it will usually show high-passed price with the extracted signal overlaid for visual clarity.