Cycle Trading: Natural Gas Harmonic Convergence
|Natgas confirmed that it began a new daily cycle this week.
Natgas has also formed a weekly swing low this week. Last week was week 20, which places Natgas in its timing band for an intermediate cycle low. The True Strength Indicator has also printed a bullish weekly crossover. You will notice that Weekly Bullish Crossovers at this level have previously marked intermediate cycle lows. So the new daily cycle has good odds of triggering the start of a new intermediate cycle. as well.
However, I suspect that something even bigger than an intermediate cycle low is forming here. And that is something that I plan to discuss in The Weekend Report.
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.