Oil (WTI) update - 9 January 2025

Macro Outlook Jan 9, 2025

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) - the 40 day cycle peak may now be in place.

In Monday's Macro Outlook the belief was that we were entering the 40 day cycle peak zone with the target from the 20 day FLD projection being circa 74.

Christopher Grafton CMT

Chris has been involved in the markets for 20 years. He is the author of Mastering Hurst Cycle Analysis and is an experienced working technician. Chris holds the CMT qualification.