WTI Crude Oil - 25th March 2024 | @ 269 Days | + 5.51%

Last trade: + 5.51% | 'A' class signal detected in WTI Crude Oil. Average wavelength of 269 days (38.46 weeks) over 11 iterations since April 2016. Currently moving up

ΣL Cycle Summary

After peaking around September/October last year, this component, notionally the 40 week nominal wave in oil, likely troughed in early 2024. Largely stationary from this sample since 2016, it is, like all other periodic components, under the constant changing influence of mostly larger, more powerful periodic waves. In this instance, influence comes mainly from the longer term component, detailed back in October 2023 at around 500 days. This is pushing hard down at the time of writing. The culmination of these features would suggest the component detailed on this report may well be anticipated to exhibit a left translated price and cycle peak, prior to falling into a major low due in the 3rd quarter this year. Subscribers may wish to take this into account when assessing the report and trade details below, which is listed as a late buy.

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 - WTI Crude Oil 27th October 2023
Entry: 23rd October 2023 @ 86.07
Exit: 25th March 2024 @ 81.33
Gain: 5.51%

Before and After

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