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.
The Macro Brief is an excerpt from our weekly Macro Outlook newsletter. Today we are highlighting Gold and Oil.
General outlook: Gold Up (->20D peak). Oil Up (->20D peak).
Gold – Heading towards 20 day cycle peak. Up.
Gold has just emerged from a 40 day cycle trough.
Oil (WTI) – Heading towards 20 day cycle peak. Up.
The 20 day cycle may have just formed its trough and we are looking for a refresh up into the next 20 day cycle peak.
This post was first published on Hurst Cycles Notes.
