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.