WTI Crude Oil - 27th October 2023 | @ 277 Days
'A' class signal detected in WTI Crude Oil. Average wavelength of 277 days (39.57 weeks) over 10 iterations since April 2016. Currently peaking.
ΣL Cycle Summary
This wave is notionally the 40 week ‘nominal’ wave in ‘Hurstonian’ nomenclature and is superbly evident in the time frequency analysis below, sampled since April 2016. Currently approaching the latest peak, it will be interesting to observe whether the down-leg breaches lows of mid 2023, suggesting a larger component low further down the track or makes a higher low, expected toward the end of the first quarter 2024.
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