Natural Gas: Hurst Cycles - 19th August 2022
NG moves higher than expected from the 80 day nominal low in June, tracking the 20 week FLD. With a price peak of the 80 day component now overdue and the 40 week low to come, we look at the next move
Tools required: Nominal Model | FLD | FLD Trading Strategy | FLD Trading Strategy (Advanced) | Principle of Nominality | Underlying Trend
Analysis Summary
Natural Gas has been remarkably bullish from the 80 day nominal low in June. We anticipated the 40 day nominal peak to form within a week or so of the last report in July before falling back to the 40 day FLD support (dark blue on short term chart below). The peak came on the 26th of July, significantly higher than expected and testing the previous peaks of the 40 week component before falling to around 7.6 and the 40 day nominal low.