Cycle Trading: Natgas Crosses The Line
|Natgas lost the 50 day MA back in December of 2018. Since then it has been contained by the 50 day MA -- Until Thursday
Since losing the 50 day MA back in December, 2018 Natgas has been in a daily downtrend. This downtrend has been characterized by lows forming below the lower daily cycle band and highs printing below the upper daily cycle band. So not only did Natgas closing convincingly above the 50 day MA on Thursday, it also closed above the upper daily cycle band. This ends the daily downtrend and begins a daily uptrend.
In the Weekend Updates I plan to break down the daily, weekly, and yearly cycle which will indicate that Natgas is finally emerging from its yearly cycle low.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.