Black Gold

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Oil formed a swing low today.

99 oil daily

The daily oil cycle peaked on day 9 and has declined since. Oil printed is lowest point on Tuesday, day 42. Oil is in its timing band for a daily cycle low. The swing low today signals a new daily cycle. A break of the declining trend line will confirm a new daily cycle.

999 oil weekly

Oil’s weekly cycle runs for 25 to 33 weeks. If a new daily cycle is confirmed, our cyclical expectation is to see a left translated daily cycle form, continuing the intermediate decline.

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