You will come across specific terms in these notes (FLD, VTL, and so on). Rather than explain them each time, you will find definitions here: guidance notes for Hurst cycles terminology
Natural Gas – break out occurred, now approaching 80 day cycle peak zone.
The last note on 18 December had Natural Gas at a key potential breakout level testing the 20 day VTL. Price successfully broke through the level within a new 80 day cycle upswing but is approaching a peak zone. The 40 day FLD cross over on 21 December projects to 2.78 potentially sometime next week. The rally has been choppy and has a counter-trend, corrective feel to it and indeed an 80 day cycle trough beckons into month end, which should weigh on price after the peak is confirmed.
This post was first published on Hurst Cycles Notes.
