Looking for a NATGAS Daily Cycle Low

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NATGAS closed below the upper daily cycle band on Thursday to begin its daily cycle decline.

natgas daily

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.

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