Natural_Gas_Trader
Long

Natural Gas Weekly Cycle Targets

NYMEX:NG1!   Natural Gas Futures
The natural gas weekly cycle is typical about 26 weeks consisting of 3 daily cycles. A bullish weekly cycle will likely consist of 2 bullish daily cycle and 1 bearish daily cycle. It is possible for the weekly cycle to have 3 bullish cycle, it is more likely that would be the spring/summer cycle than the fall/winter cycle though. It is likely the last daily cycle of winter is bearish .
The price target for the first cycle is a high of $2.40-$2.60 and a low of $2.20-$2. 40 . The weekly cycle low is expected late September to early October. The exact date for the spring/summer cycle will be harder to predict due previous cycle low of April 2 being quite late. It is possible there is only 2 daily cycles, shortening the weekly cycle and making it possible the cycle low is in August.
The price target for the fall winter cycle will be around $3.00 up to $3.75, representing a increase of approximately 100-150% from the low of $1.52. This high is harder to predict due to the cumulative affect 6 daily cycle will have on the price.

I am only showing the bullish out come on this chart there is the possibility that natural gas turns bearish again and we must remain open minded to that possibility.


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