Quick observation here. NG traders that are deep into the commodity's technical dynamics agree that Natural Gas is trading on patterns that are cyclical on the very long-term.
If cyclical behavior and seasonality play a big part on this, then why should the month of October be any different? Every 4 years since 2012, NG makes a bottom around March-April, then rises aggressively up until October, which initiates a pull-back. That pull-back appears to be a Bull Flag for a new High a few months later.
Will history repeat itself?
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.