Member UnlockChecking member status...
Member Center
BWBW Research微信公众号：杨格知否
Three-Cycle Structure Research · External Preview版 - 网页预览 · 15:55 Generated

CTA 三周期信号驾驶舱 | External Preview版

External Edition | Three-Cycle Model-Implied Exposure
2026-07-02Data Date60 instruments | Model-Implied Exposure

External Preview SampleThis report is an external preview, showing only selected research framework, sample signals, and redacted charts; the internal subscription edition provides full content, multi-dimensional matrix analysis, and high-resolution charts. To access the internal edition, please contact BW Research for authorized subscription.

Research ReferenceThis report is for commodity-market research and data organization only; it does not constitute investment advice, trading instructions, or any return commitment.

Copyright NoticeNo commercial use, republication, screenshot sharing, or redistribution without permission.

External EditionWeb Preview Edition

This edition is for public display and research summary; Internal Editionincludes full Instrumentmatrix, priority review list, and Key Changestracking.

External Edition / Web Preview
Market Direction · Three-Cycle Composite
▼41pts

Short cycle remains Short, mid/long cycles lean Short; sector strength is diverging from CGB to Precious Metals .

Composite Score RangeShort Bias
-1000+100
Market BreadthLong 8 / Mid 10 / Short 42
Dominant CycleMid Cycle -51
Sector DivergenceCGB Strong / Precious Metals Weak
Three-Cycle Level SnapshotShort / Mid / Long
Short Cycle-41
Mid Cycle-51
Long Cycle-25
Structure DiagnosticsPressure / Change / Risk
Short PressureCurrent strongest short confluence
SHFE Lead-100SHFE Aluminum-97SHFE Nickel-96
New SignalsNew directional changes
COMEXCopper-22LMECopper-1930Y CGB+18
Risk WatchExit or reversal candidates
LLDPE+9Nasdaq 100100+14S&P 500500+13
8Composite Long
42Composite Short
37Three-Cycle Confluence
6New Signals
4Exit/Reversal Watch

Cycle Divergence Map

The x-axis shows mid/long-cycle direction and the y-axis shows short-cycle relative deviation; labels are automatically placed by quadrant balance and collision avoidance.

mid/long cycles lean Shortmid/long cycles lean Long Short CycleLeanStrongShort CycleLeanWeak Shortrelief-rally zoneLongConfluence ShortConfluenceLongPullback Coking Coal MidLong Cycle +17 | Short Cycledeviation -57LMEZinc MidLong Cycle +19 | Short Cycledeviation -68LLDPE MidLong Cycle +40 | Short Cycledeviation -101Confluence区样本已脱敏, 完整Instrument见Internal Subscription EditionSoybean Oil MidLong Cycle -7 | Short Cycledeviation +58S&P 500500 MidLong Cycle +33 | Short Cycledeviation -64Confluence区样本已脱敏, 完整Instrument见Internal Subscription EditionNasdaq 100100 MidLong Cycle +37 | Short Cycledeviation -76Lithium Carbonate MidLong Cycle -20 | Short Cycledeviation +21Corn MidLong Cycle -23 | Short Cycledeviation +28CSI 1000 MidLong Cycle +21 | Short Cycledeviation -1630Y CGB MidLong Cycle +34 | Short Cycledeviation -53Confluence区样本已脱敏, 完整Instrument见Internal Subscription EditionConfluence区样本已脱敏, 完整Instrument见Internal Subscription EditionConfluence区样本已脱敏, 完整Instrument见Internal Subscription EditionAlumina MidLong Cycle +30 | Short Cycledeviation -29Confluence区样本已脱敏, 完整Instrument见Internal Subscription EditionConfluence区样本已脱敏, 完整Instrument见Internal Subscription EditionPolysilicon MidLong Cycle -34 | Short Cycledeviation +23Confluence区样本已脱敏, 完整Instrument见Internal Subscription EditionNatural Gas MidLong Cycle +34 | Short Cycledeviation -11Confluence区样本已脱敏, 完整Instrument见Internal Subscription EditionConfluence区样本已脱敏, 完整Instrument见Internal Subscription EditionCSI 500 MidLong Cycle +39 | Short Cycledeviation -15Confluence区样本已脱敏, 完整Instrument见Internal Subscription EditionSugar MidLong Cycle -52 | Short Cycledeviation +22Heating Oil MidLong Cycle -51 | Short Cycledeviation +12Caustic Soda MidLong Cycle -62 | Short Cycledeviation +30Bitumen MidLong Cycle -59 | Short Cycledeviation +8Confluence区样本已脱敏, 完整Instrument见Internal Subscription EditionConfluence区样本已脱敏, 完整Instrument见Internal Subscription EditionConfluence区样本已脱敏, 完整Instrument见Internal Subscription EditionIron Ore MidLong Cycle -76 | Short Cycledeviation +39Glass MidLong Cycle -74 | Short Cycledeviation +22PP MidLong Cycle -72 | Short Cycledeviation +16Confluence区样本已脱敏, 完整Instrument见Internal Subscription EditionLPG MidLong Cycle -76 | Short Cycledeviation +24SHFE Silver MidLong Cycle -83 | Short Cycledeviation +42Styrene MidLong Cycle -77 | Short Cycledeviation +23WTICrude Oil MidLong Cycle -75 | Short Cycledeviation +15Fuel Oil MidLong Cycle -77 | Short Cycledeviation +20SHFE Gold MidLong Cycle -86 | Short Cycledeviation +47Methanol MidLong Cycle -76 | Short Cycledeviation +14Brent Crude MidLong Cycle -77 | Short Cycledeviation +16LMEAluminum MidLong Cycle -76 | Short Cycledeviation +11Confluence区样本已脱敏, 完整Instrument见Internal Subscription EditionSoda Ash MidLong Cycle -89 | Short Cycledeviation +39MEG MidLong Cycle -76 | Short Cycledeviation +2PTA MidLong Cycle -78 | Short Cycledeviation +3PX MidLong Cycle -81 | Short Cycledeviation +4Crude Oil MidLong Cycle -84 | Short Cycledeviation +8BR Rubber MidLong Cycle -86 | Short Cycledeviation +11LMENickel MidLong Cycle -89 | Short Cycledeviation +18LMELead MidLong Cycle -90 | Short Cycledeviation +17PVC MidLong Cycle -94 | Short Cycledeviation +27COMEXGold MidLong Cycle -99 | Short Cycledeviation +39COMEXSilver MidLong Cycle -98 | Short Cycledeviation +25SHFE Nickel MidLong Cycle -100 | Short Cycledeviation +12SHFE Aluminum MidLong Cycle -100 | Short Cycledeviation +10SHFE Lead MidLong Cycle -100 | Short Cycledeviation +0COMEXGoldLLDPESHFE GoldNasdaq 100100COMEXSilverS&P 500500Soda Ash30Y CGBPVCLMEZincSHFE SilverCoking CoalSHFE NickelAluminaSHFE AluminumCSI 500Iron OreNatural GasLMELeadCSI1K00LMENickelSHFE LeadBR RubberStyreneLPGFuel OilCrude OilGlassBrent CrudeWTICrude OilMethanolLMEAluminumPXPPCaustic SodaPTAMEGSugarBitumenHeating OilSoybean OilPolysiliconCornLithium Carbonate Confluence区已脱敏 Confluence区已脱敏 External Edition: Confluence区 16 instruments已脱敏, 其余象限维持原样

Cycle Flow Ribbons

The long cycle is shown as the level band, the mid cycle as the main trend line, and the short cycle as the impulse line; zero is the long/short divide.

COMEXGoldPrecious Metals | Global
Hold Short
+1000-100 02-1603-2004-2405-2706-29Short -61Mid -99Long -100
Long Cyclelevel bandMid Cyclemain lineShort Cycleimpulse
COMEXSilverPrecious Metals | Global
Hold Short
+1000-100 02-1603-2004-2405-2706-29Short -73Mid -100Long -96
Long Cyclelevel bandMid Cyclemain lineShort Cycleimpulse
LMECopperBase Metals | Global
New Short
+1000-100 02-1103-1704-2205-2706-29Short -58Mid -16Long +17
Long Cyclelevel bandMid Cyclemain lineShort Cycleimpulse
LMEAluminumBase Metals | Global
Hold Short
+1000-100 02-1103-1704-2205-2706-29Short -65Mid -100Long -47
Long Cyclelevel bandMid Cyclemain lineShort Cycleimpulse
LMELeadBase Metals | Global
Hold Short
+1000-100 02-1103-1704-2205-2706-29Short -73Mid -100Long -77
Long Cyclelevel bandMid Cyclemain lineShort Cycleimpulse
LMEZincBase Metals | Global
Neutral Watch
+1000-100 02-1103-1704-2205-2706-29Short -49Mid +3Long +38
Long Cyclelevel bandMid Cyclemain lineShort Cycleimpulse

Sector Three-Cycle Heatmap

Used to quickly scan intra-sector confluence and divergence; it does not replace single-instrument review.

Precious Metals-80
COMCOMSHFE GoldSHFE Silver
Base Metals-42
SHFE LeadSHFE AluminumSHFE NickelLMELMELMESHFE ZincSHFE CopperPolysiliconLMESHFE TinAlumina
Ferrous-50
RebarIron OreHRCCoking Coal
Energy-55
Crude OilBrent CrudeFuel OilWTILPGBitumenHeating OilNatural Gas
Chemicals-66
PVCBRPXPTAMEGSoda AshMethanolStyrenePPGlassRubberCaustic Soda
Agriculture+5
Live HogsPalm OilSugarCottonSoymealCornSoybean OilSoybean No.1
Equity Index+11
CSI500CSI300CSI1KNasdaq 1001S&P 5005
CGB+18
30Y
External research summary: signals are model-implied directional indicators and do not constitute investment advice or trading instructions.
BW Research
Subscribe

Need the internal edition?

Create an account, submit an activation request, or scan the WeChat assistant QR with your registered email.

Subscription guide Member Center
BW Research WeChat assistant QR code