Cycle Trading

The CRB

The CRB looks like it turned the corner last week.

The CRB appears to have printed a daily cycle low on Monday
That was followed by 4 straight up days and the formation of a swing low on Friday.
There was also a break of the accelerated trend line.

This new daily cycle on the CRB will likely usher in a new intermediate cycle

We see that the CRB printed week 22 of its intermediate cycle.
The CRB weekly cycle averages about 20 weeks from trough to trough so it is getting towards the later part of its timing band to print a weekly low.

A break above 532.96 forms a weekly swing low

The monthly chart shows that the CRB is still declining into a yearly cycle low.
December was month 9 and that is possibly a yearly low.
However, if this new daily cycle results in a new intermediate cycle then the CRB will likely form a monthly swing low here.
That will cause me to label May month 14

Oil

Oil appears to be declining into its yearly cycle low.

The weekly oil chart shows that oil is getting deep in the timing band to print a low.

With the CRB beginning a new daily cycle and showing a possible reversal on the weekly chart, can oil be far behind?

See you at the