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Natural Gas is still in its 2 year cyclical trend. After 7 attempts, it finally broke the 50 Week MA at 3.10. However, two more major LT moving averages – the 200 WEEK MA (3.16) as well as the 50 MONTH MA (3.20) continue to be critical hurdles for the bulls.
This is an important chart update based on the weekly – please read it along with the Cyclical Trend chart posted on August 22, 2017
The Aug 22 Cyclical Trend Chart based on monthly:
The previous article on NatGas is here: