The Macro Brief- 9 March 2026

Analysis & Learning Mar 9, 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 Oil and Bitcoin.

General outlook: US Dollar Up (->20D peak). Gold down (->80D peak). Oil Flat (->80D peak?). Copper SmallDown (->40D trough). EURUSD Down (->40D trough). SPX E-minis Down (-> 40D trough). Nikkei SmallDown (-> 40D trough). Bitcoin SmallDown (-> 40D trough). Ten Year Notes Up (->40D trough).

Oil (WTI) - in 80 day cycle peak zone. Reverse/Flat.

Oil has powered up to extreme overbought and so far shooting star candle, which could be probing the 80 day cycle peak.

Bitcoin - looking for the next 40 day cycle trough. Small Down

We are still looking for a pro-trend 40 day cycle trough by mid month.

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.