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CPER
The monthly cycle is 14 months. There is a possibility of 28 months cycle, but I am not sure about it. The bottom of the current 14 months cycle is in September. So far market is going up, but considering that we 2 months till the end of the cycle, the potential is limited.
The weekly cycles are 15, 30, and 60 months. The end of all 3 cycles is the week of 9/8/2023. The last 15 weeks cycle brought it up, but it is already at the middle and the rest of the cycles drive the market down. I don't see a lot of potential until the week of 9/8.
COT shows big traders at 44%. It looks like they are expecting further decline.
Daily cycles are 18, 36, and 72 days. The nearest bottom of 18 and 36 days cycles is 7/18. The market is correcting.
Conclusion:
A long entry is required.
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SLV
Monthly cycles are 15 and 30 months. Silver is in the first half of 30 months cycle and second half of 15 months cycle. It finished correcting and started a strong advance. The bottom of 15 months cycle is in the end of this year. The next possible monthly top is in August. The next resistance is 23.94, followed by 24.9. Support is 19.80.
Weekly cycles are 16, 32, and 64 weeks. The next weekly bottom is the week of 8/4 and the big cycle end in the week of 11/24. There was a very strong reversal and enormous advance last week, which I did not expect. It is very overbought short term and may correct here, but advance was very strong and retest of prior high of 23.94 is likely. The weekly cycles are not very accurate and it is possible that bottom of 16 weeks cycle came 6/30 instead of 8/4. Adjusting the cycles (see COT chart) makes more sense and suggests a major bottom the week of 10/20. I keep both cycles for now.
COT shows that big traders did not unload their position very much and expect advance to continue. The same applies to commercials.
The daily cycles are 92 and 18 days (18.4 precisely). The next bottom for both of them is 7/19. That is different from the weekly chart. I trust the daily chart more, especially considering updated cycles on @SI COT chart. The market is very overbought and shows signs of weakening. Correction into 7/19 makes a lot of sense and would be an excellent buying opportunity.
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DBA
Monthly cycles are 30 and either 10 or 15 months. There are also potential 60 and 120 months cycles that make sense, but I don't have enough history. The current 30 months cycle started in the beginning of the year, so there is room for advance. So far it is advancing, but in June, right in the middle of 10 months cycle there was a price rejection on top. The situation is unclear.
The weekly cycles are 15, 45, and 90 weeks. The market is in the second part of both 15 and 45 weeks cycles. The bottom of 15 weeks cycle is the week of 8/18. The market is correcting after 2 weeks of strong decline.
The daily cycles are 22 and 45 days. The second of 22 weeks cycle just started and the market went up, but it is in the second part of 45 days cycle and it limits its potential. A short-term trade up is still possible, but not more. A potential good trade is in the beginning of August, around 8/3 or 8/4.
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EURUSD (@EC)
The cycles on monthly chart are 30 and 10 months. We are 1/3rd into 30 months cycle. The bottom of 10 months cycle is this month, but it is possible that it is already bottomed. Euro should go higher.
The cycles on the weekly chart are 33 and 11. The market is in the middle of 11 weeks cycle and it is slowly drifting down. It is not a good sign.
The daily cycles are 57 and 19 days. We are in the middle of the both cycles and correcting. I am not sure about the situation.
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BNO
Monthly cycles on BNO are 17 and 51 months. We are in the first half of the 3rd 17 months cycle. It is trying to bring market up, but the bigger trend is down. A major bottom is in July of 2024. Support is at 17.70
On the weekly cycles are 17, 68, and 204 weeks. Brent is in a trading range in the second part of 17th weeks cycle. A bottom of that cycle is around the week of August 4th. Then we can get some correction of the decline.
COT shows shows stable participation of big traders at 25%. They don't expect a major advance.
The daily cycles are 17, and 68 days. The market is correcting towards the end of the cycle, but it is in a trading range. The bottom is around July 19th. From there advance could continue.
Conclusion:
A long trade is possible this week, but it should be a short-term trade. Decline is not over.