Monthly cycle lows are typically followed by extended bull rallies, it is anticipated that this trend will continue. The extended downtrend since late 2018 is similar to past cycles.
Caution must still be exercised this is a somewhat rare opportunity but we must remain protective of our capital. The world is in a unique situation currently and this may affect the expected outcome.
It also needs to be noted that natural gas is in a long term downtrend, with the break of the 2016 low natural gas has now been in downtrend for 15 years.
Monthly cycle low is likely to occur with the next daily cycle low around April 10.
See other charts below for reference.
Caution must still be exercised this is a somewhat rare opportunity but we must remain protective of our capital. The world is in a unique situation currently and this may affect the expected outcome.
It also needs to be noted that natural gas is in a long term downtrend, with the break of the 2016 low natural gas has now been in downtrend for 15 years.
Monthly cycle low is likely to occur with the next daily cycle low around April 10.
See other charts below for reference.
