US Natural Gas - 27th February 2024 | @ 361 Days

'C' class signal detected in US Natural Gas. Average wavelength of 361 days over 8 iterations since October 2015. Currently troughing.

ΣL Cycle Summary

A new addition to Sigma-L and one which we have been waiting to publish for some time in the energy category. We feel the time is now right with the component close to a trough, according to the current phasing. This wave, a longer term feature of US Natural Gas has been fairly stationary since 2015 and was exemplary within the main bullish period from 2020. Within the subsequent decline it defined a short term bottom in March 2023 prior to the downtrend we see now, price action closely following the down leg of the wave. The prominent shorter term component around 100 days has been clearly defined previously on site and is currently moving down, due a low mid March. The longer wave featured here is also well within the frequency modulation margin of error for a trough. They will, together, likely form a phase cluster for the incoming low, providing a powerful retrace and peaking Q4 2024.

Time Frequency Analysis

Time frequency charts (learn more) below will typically show the cycle of interest against price, the bandpass output alone and the bandwidth of the component in the time frequency heatmap, framed in white. If a second chart is displayed it will usually show high-passed price with the extracted signal overlaid for visual clarity.