Cycle Trading

Natgas has been contained by a declining multi year trend line.

Natgas had made several attempts to break above the declining multi year trend line. The most recent attempt in June was turned back again. But that occurred during week 18, which was too late in the intermediate cycle for a sustained breakout.

This week Natgas has formed a weekly swing low and closed above the 200 week MA to signal a new weekly cycle. I would like to see a close above 50 week MA for confirmation of the new intermediate cycle. And attempting to break through the declining trend line at this early stage of the intermediate cycle should allow for Natgas to break through.

Natgas is something that I routinely discuss in the Mid-Week Update and the Weekend Updates.