TradingShot

NATURAL GAS Ultimate Cycles cheat sheet shows sell isn't over.

Short
NYMEX_DL:NG1!   Natural Gas Futures
Those who follow us for long know that when trading Natural Gas (NG1!) we use a very distinct long-term pattern that has been in effect for more than ten years and last time (January 22 2023, see chart below) has helped us take a new short at 3.174, running so far +100% in profit:


As you see on this 1W chart, the price is now below the High Volatility Zone, but the bottom isn't in yet as there is still room before touching the 15 year Lower Lows trend-line nor has the Sine Wave reached its bottom. At the same time the 1M RSI is breaking below its own Higher Lows trend-line, which is a bearish signal. We estimate a Target Zone within 1.300 - 1.250. Note that a 1W Death Cross was formed in August 2023 and since the March 2009 formation, NG prices a bottom significantly (at least 9 months) later.


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