Cycle Trading: Natural Gas Low
|NATGAS confirmed a new daily cycle on Monday.
The NATGAS daily cycle peaked just below the 50 day MA last Monday, which was day 13. A swing high then formed sending NATGAS into its daily cycle decline. NATGAS printed its lowest point on Friday. At 17days that places NATGAS in its timing band to print a daily cycle low. NATGAS formed a swing low on Monday that closed above the 50 day MA. NATGAS also closed above the upper daily cycle band which signals that the February low hosted the intermediate cycle low and that Monday was day 1 for the 2nd daily cycle.
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