Oil: Hurst Cycles - 12th April 2022
We report on the excellent short trade from 24th March and analyse what is expected to be at least a 20 week nominal low coming soon
Components greater than and including the 18 month nominal cycle
Components less than and including the 18 month nominal cycle
Components around the 80 day nominal cycle
The move from the 40 day nominal peak into what is likely a trough of at least 20 week magnitude, described in the last report on crude oil, was a classic trade. Price tracked the 40 day FLD very nicely, setting up entries via either the 5, 10 or 20 day FLDs for yields of 10-16%.