US Natural Gas - 5th July 2024 | @ 106 Days | - 7.33%
Last trade: - 7.33% | 'B' class signal detected in US Natural Gas. Featuring an average wavelength of 106 days over 11 iterations since July 2021. Currently troughing
ΣL Cycle Summary
This signal picked up some amplitude in the up leg of the current cycle, which for bulls was very welcome and a sign of a return to the power (and therefore price dominance) of the past. The time frequency analysis will likely reflect this increase in amplitude over the next cycle if the power is now maintained to the upside. The downswing portion of the component is almost complete with a trough anticipated within the next couple of weeks at the current wavelength, stable around 105 days. If a trough of larger magnitude is now in place, expect the peaks around 3.16, 3.38 and 3.63 to be tested and exceeded in the coming months. We have the next peak of this wave due early September.
Trade Update
Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous report for this instrument, linked below.
Type: Sell - US Natural Gas 10th May 2024
Entry: 10th May 2024 @ 2.252
Exit: 5th July 2024 @ 2.417
Gain: - 7.33%