WTI Crude Oil - 21st February 2025 | @ 91 Days | + 6.07%
Last trade: + 6.07% | 'B' class signal detected in WTI Crude Oil (WTI/USD). Running at an average wavelength of 91 days over 10 iterations since September 2022. Currently troughing
ΣL Cycle Summary
A fairly deep retrace for the down leg of this now excellent cycle in Oil was seen during January and into February. This continues the over arching theme of sideways price action in the black gold that we have seen over many months now. The cycle is now due it’s next trough and bulls will be hoping for at least a test of mid January’s highs to maintain any thought of longer term bullish momentum. The signal easily retains it’s ‘B’ category rating.
Trade Update
Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous report for this instrument, linked below.
Type: Sell - WTI Crude Oil 14th January 2025
Entry: 14th January 2025 @ 76.80
Exit: 21st February 2025 @ 72.14
Gain: 6.07%