- October 12, 2020
- Posted by: Tradingshot Articles
- Category: Commodities
Quick observation here. NG traders that are deep into the commodity’s technical dynamics agree that Natural Gas is trading on patterns that are cyclical on the very long-term.
If cyclical behavior and seasonality play a big part on this, then why should the month of October be any different? Every 4 years since 2012, NG makes a bottom around March-April, then rises aggressively up until October, which initiates a pull-back. That pull-back appears to be a Bull Flag for a new High a few months later.
Will history repeat itself?
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