Natgas closed back above the 10 day MA to indicate that Thursday was day 7 of the new daily cycle. Having said that, tonight I wanted to look at the longer term, intermediate cycle. 

Natgas printed its lowest point last week, which was week 28. That placed Natgas very deep in its timing band for an intermediate cycle low. Natgas has formed a weekly swing low to signal a new intermediate cycle. A close above the 10 week MA will have us label week 28 was the ICL. Long positions can be entered now that a weekly swing low has formed with stops being placed at the week 28 low of 4.50.