WTIC Crude Cycle update
I have Crude on day 21 of Trading Cycle #2 with a top on day 18 so far. It appears that Crude is either moving into a half Trading Cycle (TC) low here or perhaps the TC has topped as my green TC uptrend is breaking down and backtesting today. My second chart shows a 2+ year picture on Crude. It appears we may potentially have a false breakout underway with price backtesting from below as well.