The Macro Brief - 22 June 2026

Analysis & Learning Jun 22, 2026

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 the Gold and Oil.

General outlook: Gold Down (->20D trough). Oil Up (80D trough).

Gold - looking for the 20 day cycle trough. Up.

A 40 week cycle trough may be in place (eclipsing the 80 day cycle of last week's note) and we may be due a constructive 20 day cycle trough.

Oil (WTI) - 80 day cycle trough zone. Up.

Price has landed in a clear 80 day cycle trough zone.

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.