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Cycle Trading

Boom goes the Dynamite

0 boom

Oil delivered a bullish break of the falling wedge formation today.

oil

We discussed here yesterday that oil was deep in its timing band to print a daily cycle low. Well today oil delivered a swing low accompanied by a declining trend line break to confirm today as day 1 for a new daily cycle.

One response to “Boom goes the Dynamite”

  1. Bullish Divergence | Cycle Trading

    […] commodities are developing bullishly. Last week we discussed how oil had confirmed a new daily cycle. Today we can see that oil has delivered some […]

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