Weekly Trend and Cycles outlook

More Vola will come our way in Materials...

...the Euro...

...whereby the Vola could be of the benign kind in a bullish way, now that many Asset classes have re-entered or defended the Bull..

 ....the final timing on the bullish campaign (we still call it just a BOUNCE) seems uncertain, but a couple of weeks or even 1-2 months are in the cards.

 Remember our early Canary who alerted us of the coming tidal shift?

When we look at the leveraged Bulls the picture looks similar...

Update on OIL:

 ......but there is also a chance that the Bounce gets cut short which we don't view as our base case as of know.

We promised you a volatile week with an upside bias last week and what a week we got !

The next phase should be continuation of this in the end of July +/-.

(This will be out last post before our summer break. We will return in Ausgust. Enjoy the Summer!!)