Natural Gas Mid Cycle Update
The new high on May 1 has made this a neutral cycle. The cycle is approximately halfway with time to still become a bullish cycle.
Still very possible there are large price swings with $1.70 being a likely point for the next higher low if this fails to break $2.00
If it breaks above $2.00 there are 2 main possibilities I'll be watching for. I have shown the first with the green lines, once above $2.00 becomes supports.
The other is that it does not become support and we see like large price swings continue like the orange line but with higher highs above $2.00
Still very possible there are large price swings with $1.70 being a likely point for the next higher low if this fails to break $2.00
If it breaks above $2.00 there are 2 main possibilities I'll be watching for. I have shown the first with the green lines, once above $2.00 becomes supports.
The other is that it does not become support and we see like large price swings continue like the orange line but with higher highs above $2.00
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.