Oil: Hurst Cycles - 4th November 2022
Price rises with support from the 18 month FLD to approach our target of around 95. A crucial peak is near with a lucrative short on offer over the next few months.
Tools required: Nominal Model | FLD | FLD Trading Strategy | FLD Trading Strategy (Advanced) | Principle of Nominality | Underlying Trend
Analysis Summary
WTI Crude is likely forming it’s latest 80 day component peak shortly and with it, possibly the 20 week nominal component peak. In our last report we anticipated a 40 day nominal low and proposed a targ…