#NaturalGas = Daily Update = $NG $UNG $BOIL #NatGas $KOLD

Natural Gas did not make a new lower low today and the bullish odds still prevail.

CANDLES:
While the daily candles look bearish, the larger formations are still bullish. The commodity is possibly forming a Double/Triple bottom.

The 10-day candles which closed today completed a formation that has better chances to be resolved upwards, or at least to try to.

The technical indicators are mixed. A strong move is needed to confirm either direction.

ELLIOTT WAVES

From the perspective of Elliott Waves, the bullish setup is not broken. NG remained the previous low by 0.3 pips, and I continue to keep this bullish micro path as primary.

The weekly closure tomorrow will be crucial.

A bigger picture with the perspective bearish path is shown on the chart below (subscription required).

Latest Weekly:
https://investingangles.com/2023/04/09/naturalgas-weekly-analysis-natgas-natgas-ng-ung-boil-kold/

NaturalGas Daily Update

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