NATGAS closed below the upper daily cycle band on Thursday to begin its daily cycle decline.
NATGAS printed its lowest point on Monday, day 18, following its day 10 peak . That places NATGAS in its timing band for a daily cycle low. The bullish reversal that formed on Monday eases the parameters for forming a daily swing low. A break above 2.94 forms a swing low and then an accompanying declining trend line break will confirm a new daily cycle.
NATGAS is in a daily uptrend. If a daily cycle low forms above the lower daily cycle band then it will maintain its daily uptrend. NATGAS will remain in a daily uptrend unless it closes below the lower daily cycle band.