CRUDE BOTTOM IS NEAR

摘要

The Cycle Projection Oscillator (CPO) is a technical tool that uses complex algorithms to filter multiple cycles from historical data, combines them and gives a graphical representation of their productive behavior. The CPO methodology employs proprietary statistical techniques to obtain cyclical information from price data. Other proprietary frequency domain techniques are then employed to obtain the cycles embedded in the price. In the CPO charts, the green line represents the detrended market price and the red line indicates the CPO projection (the bar chart above is the underlying market). The blue lines above and below the projection line represent a two-sigma move and indicate overbought and oversold territory.