The commodities appear to be emerging from their multi year cycle lows.
The Miners printed their multi-year low in September, 2018. Oil did so in December, 2018 and the Industrial Metals (GYX) printed theirs in January, 2019.
June is month 39 for the multi year Natgas cycle, which does place Natgas in its timing band for a multi year low. And there is a bullish monthly reversal forming.
The triple leverage fund UGAZ had record volume signaling a capitulation low.
And Natgas formed a daily swing low that was very deep in its timing band for a daily cycle low. A close above the 10 day MA will signal a new daily cycle and will likely mark the multi year Natgas Low.