Cycle Trading

Oil formed a bullish reversal on Tuesday.

Tuesday was day 34, placing oil in its timing band for a DCL. Oil formed a bullish reversal of support from the 50 day MA. Oil is currently in a daily uptrend. If oil forms a swing low above the lower daily cycle band then that would indicate a continuation of the daily uptrend and signal a cycle band buy signal. A break above 79.25 will form a daily swing low.