Gold, Oil and Stocks have all recently printed multi-year lows.
We can see that NATGAS has joined the party.
And now NATGAS has confirmed a new daily cycle.
Last Thursday, July 21st, was the lowest point following the day 30 peak. Today’s clear & convincing declining trend line break confirms that 7/21 hosted a daily cycle low. Notice that the 7/21 low closed above the lower daily cycle band, signaling that NATGAS is in a daily uptrend. Today’s close above the upper daily cycle band affirms that NATGAS is continuing in its daily uptrend. It will remain in the daily uptrend until it closes below the lower daily cycle band.