Cycle Trading

Natgas had been coiling below the 10 day MA — until Monday. Natgas broke bullishly out of consolidation on Monday to close above both the 10 day MA and the 200 day MA. Nagas delivered bullish follow through on Tuesday by closing above the 50 day MA and the upper daily cycle band. Closing above the upper daily cycle band ends the daily downtrend and begins a new daily uptrend. Closing above the upper daily cycle band also signals that the intermediate cycle low has been set — which I plan to discuss further in the Weekend Updates.