WTI Oil update - 22 October 2024

Macro Outlook Oct 22, 2024

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) - rounding the 40 day cycle trough?

In Monday's macro outlook we were looking for a 40 day cycle trough potentially around the 20 day VTL and imminently. Price has just turned around and is crossing up through the down sloping 10 day VTL.

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.

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Oil (WTI) - rounding the 40 day cycle trough?

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Christopher Grafton CMT

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