Cycle Trading: Natural Gas Harmonic Convergence

LikesMoney Independent Analyst

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.

Author

LikesMoney

Independent Analyst

Assets (such as stocks, gold, and the dollar) have identifiable cycles.

EUR/USD hits two-day highs near 1.1820

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GBP/USD reclaims 1.3600 and above

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Gold climbs further, focus is back to 45,000

Gold regains upside traction and surpasses the $4,900 mark per troy ounce at the end of the week, shifting its attention to the critical $5,000 region. The move reflects a shift in risk sentiment, driving flows back towards traditional safe haven assets and supporting the yellow metal.

Crypto Today: Bitcoin, Ethereum, XRP rebound amid risk-off, $2.6 billion liquidation wave

Bitcoin edges up above $65,000 at the time of writing on Friday, as dust from the recent macro-triggered sell-off settles. The leading altcoin, Ethereum, hovers above $1,900, but resistance at $2,000 caps the upside. Meanwhile, Ripple has recorded the largest intraday jump among the three assets, up over 10% to $1.35.

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XRP rally extends as modest ETF inflows support recovery

Ripple is accelerating its recovery, trading above $1.36 at the time of writing on Friday, as investors adjust their positions following a turbulent week in the broader crypto market. The remittance token is up over 21% from its intraday low of $1.12.