Cycle Trading: Natgas Has Been A Beast
|Natgas has been a beast.
Since closing above the 50 day MA back in August, Natgas has rallied for 8 straight days to print its highest point on Tuesday, day 25.
Natgas has become stretched above the 10 day MA and will likely need to consolidate to allow the 10 day MA to catch up to price. Natgas did form a bullish reversal on Thursday. Since Natgas has been in a strong daily uptrend, if a swing low forms here, above the lower daily cycle band, then Natgas will remain in its daily uptrend and trigger a cycle band buy signal.
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