United States Natural Gas Fund (UNG) - 14th January 2025 | @ 107 Days
'B' class signal detected in United States Natural Gas Fund (UNG). Running at an average wavelength of 107 days over 13 iterations since January 2021. Currently peaking.
ΣL Cycle Summary
Using UNG as our new proxy for Natural Gas phasing we can see here the previously mentioned cycle at around 105 days, still magnificent in it’s frequency stationarity over time. In this case a sample since 2021 over 13 iterations.
A gradual decrease in power (from lower frequency components) since 2022 has typified Natural Gas and this is even more clear when we subject price to our high pass filter, shown below. Should this power return the potential gains for the coming year are substantial, given we have a good model for timing. We have therefore also featured, in this report, a closer-in look at UNG, starting from early 2023 when the larger downtrend had largely subsided. This comes at the expense of a little bit of frequency stationarity but in the context of the wider picture it is easily ignored. The next trough, due March, should be widely noted by bullish advocates in Natural Gas in order to time the potential return of any lower frequency power.