NATURAL GAS Cycle bottom. Now one of the best buys of the year.
Natural Gas / NG has been trading inside an 18 year Channel Down pattern.
It has been below both the 1M MA50 and MA200 since January 2023, as it entered into the 2nd phase of the Bearish Wave.
Last week it hit the Falling Support Zone as well as the horizontal Support Zone, which is in effect since December 2015.
The 1M RSI touched its own Rising Support.
We are at the bottom of the Sine Wave, which means that this is a Cyclical Low, a pattern holding since 2010.
This is a very bullish long-term mix and indicates that we are at or at least very near the new long term bottom.
Buy and target 3.500, which will be at the time as close to the 1M MA50/200 as possible. Also it will be almost a +137.20% rise, which remarkably enough, this is by how much NG has risen initially after each bottom.
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It has been below both the 1M MA50 and MA200 since January 2023, as it entered into the 2nd phase of the Bearish Wave.
Last week it hit the Falling Support Zone as well as the horizontal Support Zone, which is in effect since December 2015.
The 1M RSI touched its own Rising Support.
We are at the bottom of the Sine Wave, which means that this is a Cyclical Low, a pattern holding since 2010.
This is a very bullish long-term mix and indicates that we are at or at least very near the new long term bottom.
Buy and target 3.500, which will be at the time as close to the 1M MA50/200 as possible. Also it will be almost a +137.20% rise, which remarkably enough, this is by how much NG has risen initially after each bottom.
Follow us, like the idea and leave a comment below!!
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