Cycle Trading

Natgas is up in early morning trading

And is breaking above previous resistance.

Natgas printed its lowest point on week 29. Natgas normally forms an intermediate cycle low approximately every 20 week. The last time Natgas had an extended weekly cycle stretching past 23 weeks was back in 2015. Suffice to say that 29 weeks places it very deep in its timing band for an intermediate cycle low. With this morning’s bullish follow through – last week’s weekly swing low has good odds of marking the intermediate cycle low. In the Weekend Updates I plan to breakdown why I think Natgas is also printing its yearly cycle low.