You will come across specific terms in these notes (FLD, VTL, and so on). Rather than explain them each time, you will find definitions here: guidance notes for Hurst cycles terminology.
Oil (WTI) – nearing a 10 day cycle trough.
In Monday’s Macro Outlook, we were looking for a push higher towards the 20 day cycle peak, potentially around 75. However, price failed to follow through and has sharply declined towards the 20 day VTL and into the 10 day cycle trough zone.
Read the full post here.
