Natural Gas Futures Daily Cycle Targets
Daily cycle low is expected around April 10.
Price target is $1.60 to about $1.30
$1.60 price target - 2016 low providing support.
$1.50 price target - 25% from cycle high, 2 previous daily cycles were about 25% from cycle high to cycle low
$1.30 price target - this is more an area and very difficult to estimate. This would be based mainly on the long term trend line from the lows in 2012 and 2016. 2 other trend lines point to this area also, the trend line from 2019 from the bull run crash and the trend line since the late 2019 high.
Once the price is below $1.60 it could become very volatile.
Price target is $1.60 to about $1.30
$1.60 price target - 2016 low providing support.
$1.50 price target - 25% from cycle high, 2 previous daily cycles were about 25% from cycle high to cycle low
$1.30 price target - this is more an area and very difficult to estimate. This would be based mainly on the long term trend line from the lows in 2012 and 2016. 2 other trend lines point to this area also, the trend line from 2019 from the bull run crash and the trend line since the late 2019 high.
Once the price is below $1.60 it could become very volatile.
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