Sigma-L - Market Cycles

Sigma-L - Market Cycles

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Sigma-L - Market Cycles
Sigma-L - Market Cycles
ΣL Oil Composite - 8th November 2023 | @ 82 Days | + 14.43%
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ΣL Oil Composite - 8th November 2023 | @ 82 Days | + 14.43%

Last trade: + 14.43% | 'B' class signal detected in Sigma-L Oil Composite (WTI Crude Oil, Brent Crude Oil). Average wavelength of 82 days over 13 iterations since March 2021. Currently troughing.

David F's avatar
David F
Nov 08, 2023
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Sigma-L - Market Cycles
Sigma-L - Market Cycles
ΣL Oil Composite - 8th November 2023 | @ 82 Days | + 14.43%
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ΣL Cycle Summary

The large move down of the last day or so in oil is likely marking the end of the down-leg in this notable wave for black gold and related instruments. Occasionally attenuated by larger waves in this sample since early 2021, it has fairly well punctuated interim periods, most significantly from September 2022 to June 2023. The much longer wave we reported on recently, around 16 months, is likely starting to influence price to the downside so it will be interesting to anticipate the next peak of this shorter wave, expected mid-late December.


Trade Update

See also: Live ΣL Portfolio & History

Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous post for this instrument, linked below.

Type: Sell - ΣL Oil Composite 22nd September 2023
Entry: 22nd September 2023
Exit: 8th November 2023

For a composite analysis, each constituent’s respective gain over the period is displayed, in descending order. The average of the constituent gain is also shown.

Constituent Gain:
WTI Crude Oil (15.68%)
Brent Crude Oil (13.17%)

Composite Average Gain:
14.43%


Current Signal Status

Defining characteristics of the component detected over the sample period.

Detected Signal Class: B - learn more
Average Wavelength: 82.23 Days
Completed Iterations: 13

Time Frequency Analysis

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