Iso, it is looking good for a bottom this week yes. End to an all time secular bear? Start of all time secular bull, which should have some long legs?
We have discussed this a bit. I tend to think our grid has been under invested in, and the L48 may be in for some shortages of juice here and there, from time to time. Need more NG base load power, the big plants that suck it down.
Nice attachments. Kiowa brings back old memories. Did a little work in that area now and then, in the oil and gas patch not far from there, in my younger days. Green country.
Imagine Iso about ready to put in a garden. I plowed slush yesterday. Hope all is well.
We need the L48 air conditioners to start humming. Then a hot summer, cold winter. The L48 is overdue for a cold winter imo. Got off pretty easy last year. We had one heck of a cold snap up here, worst one in 5 years or so, which L48 got none of. Jet stream kept it pushed to the north.
Tweets
The master of cycles (who is that) says the intermediate NG cycle is 4.5 years. For the last three cycles the 4 yr has been a better fit. So we're on cue for an April low, from the last 4 yr April low. And the last 4 yr low did a double bottom straddle, first low in mid April, second low end of June.
This is a chart shown earlier, with the second blue 12 month cycle in blue, phased a bit to the right off the first red one, and that second low. We are now time wise dead on that possible low. And we did get a cont contract NG low on the first low.
Added the Boil overlay. As we know Boil is a bit trickery cuz it tracks the front month price. Possible secondary low in Boil in about 6 months, i.e. trade the first pop is a good idea. Look at how the last 4 yr low worked out with Boil, relative to NG cont contract.
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