Crude Oil and Gold Daily Cycles
Commodities / Commodities Trading Nov 13, 2015 - 04:31 AM GMTBy: Gary_Savage
Oil has confirmed a failed daily cycle. That's not good news and probably means the 3 year cycle low will now get stretched out to early spring.
Gold is on its ways down to test the July low. I expect it will break it at least marginally to form the yearly cycle low. We should then get a pretty strong rally as the moves out of a YCL are usually the most powerful of the year.
Gary Savage
The Smart Money Tracker
Gary Savage authors the Smart Money Tracker and daily financial newsletter tracking the stock & commodity markets with special emphasis on the precious metals market.
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