First of all a little info on the chart.

Blue line: 6 month cycle

Purple Line: 18 month cycle

Red Line: 4 year cycle

So, we are bearish on the 18-month and 4-year cycles, but just today a new half-year cycle begins, and the price seems to have reached a level already known to natural gas traders. The price is at 3.04, an important level at which natural gas had started its trend reversal in February of this year. Having said that, I believe the price can, from today until the beginning of July, try to reach 3.40 and then, begin a decisive descent towards levels that we will analyze in the future. For now we just need to know that, if the support resists, we can try a long with caution. 🙂