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.
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.
