US Natural Gas - 1st October 2024 | @ 105 Days
'B' class signal detected in US Natural Gas. Featuring an average wavelength of 105 days over 13 iterations since December 2020. Currently peaking
ΣL Cycle Summary
This component, which was excellent in the timeframe of December 2021 to January 2023, is showing signs of returning to the power that distinguished it during that period. Subdued over the last year or so it has still retained some influence on price action within a larger sideways consolidation. A larger cycle low occurred earlier this year and is currently phased as hard up into at least the first quarter 2024. The fact this smaller cycle is now peaking should be seen as an opportunity to ride the larger trend after November, although we present it at the time of writing as a short term sell opportunity (see signal detail, below), such is the current phasing.
