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| 2015.06.19 XOI.X Cycle Model Chart |
The XOI.X cycle model is performing well, and suggests continued downward pressure on the index price. A previous iteration of the model is shown below and here on the blog.
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| 2015.02.06 XOI.X Cycle Model Chart |
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| 2015.06.19 XOI.X Cycle Model Chart |
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| 2015.02.06 XOI.X Cycle Model Chart |
2 comments:
Thanks for the update Paolo - the XOI model is looking great, especially with its impressive track record over the past several months.
Mr. Anon
Hi Paolo,
The XOI model is looking great and on-track for a significant low towards the end of this year, where I'll hopefully be prepositioned to take advantage via Brent crude as a proxy of sorts. I really appreciate you sharing this output; is there a longer term chart available or is the model unsuitable for such projections?
I especially like crude for a long trade from significant lows in that the risk-reward profile is asymmetric. Prices do have a floor (even if that is zero in the absolute extreme) but a weak ceiling (up until people just can't afford it at all), as it is indeed a physical commodity with associated infrastructure and underlying real demand (transportation needs). There is a certain inelastic portion of supply and demand, even though I cannot quantify it which makes the risk-reward asymmetric from relatively low levels.
Mr. Anon
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