WTI Crude Oil - 27th October 2023 | @ 16.4 Months | + 17.8%

Last trade: + 17.8% | 'B' class signal detected in WTI Crude Oil. Average wavelength of 498 days (16.4 months) over 10 iterations since December 2010. Currently peaking.

ΣL Cycle Summary

In this long term analysis a prominent periodic component is evident at around 16 months average wavelength from a sample of 10 iterations, since 2010. Prior to 2015 the signal was amplitude modulated somewhat by the shorter component at around 270 days, also shown below for your interest. The longer component, which is the main subject of this report, is due to trough mid 2024 at the current wavelengths and frequency modulation.