We discussed back on August 29th how Natgas closed above the 50 day MA.

Prior to August 29th Natgas had been in a daily downtrend characterized by lows forming below the lower daily cycle band and highs printing below the upper daily cycle band. But a change of character happened on August 29 and Natgas closed convincingly above the 50 day MA. It also closed above the upper daily cycle band which ended its daily downtrend and began a daily uptrend.



Natgas ran into the 200 day MA on Tuesday and then formed a swing high on Wednesday.  Wednesday was day 31 for the daily cycle placing Natgas in its timing band for a daily cycle decline. So at this point a close below the 10 day MA will confirm the daily cycle decline.   Natgas should break below the daily cycle trend line as it seeks out its daily cycle low.  Once that happens, if Natgas forms a swing low above the lower daily cycle band then it will remain in its daily uptrend and trigger a cycle band buy signal. 

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD at daily lows, dragged by Sterling

Turmoil around Brexit and the absence of any other relevant catalyst weighs on the common currency, EUR/USD battling with 1.1120.

EUR/USD News

GBP/USD losses 1.2900 as Parliament says “NO”

The UK Parliament has rejected PM Johnson’s time table, lifting odds of an upcoming election in the kingdom. Volatile trading ahead of more clarity as the drama continues.

GBP/USD News

USD/JPY holds steady above mid-108.00s

The USD/JPY pair failed to capitalize on the early uptick to multi-day tops and is currently placed at the lower end of its daily trading range, just above mid-108.00s.

USD/JPY News

Top 3 price prediction BTC, ETH, XRP: CFTC takes a surprisingly bold step to move cryptos forward

The CFTC is open to Ethereum futures without anyone picking-up the ball. XRP is currently the only bullish option currently in the Top Three. Current volatility levels have last been seen in May.

Read more

Gold erases daily gains, eyes $1480

Gold failed to hold to gains and pulled back, approaching again the $1480 area.

Gold News

Forex Majors

Cryptocurrencies

Signatures