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Natural Gas – Daily Analysis

In this report, we take a technical look at Natural Gas from multiple technical perspectives. Using our full approach—combining candlestick patterns, momentum indicators, and Elliott Wave analysis—we examine the forces driving this high-volatility commodity and outline the most probable path.

CANDLES

From a candlestick perspective, Natty (NG2) confirmed a bottom on the daily frame, pushing the price just $0.001 above the 200 DMA. On the 3D frame, it closed above the previous candle’s high—also by $0.001—forming a full Bullish Engulfing. NG1 mirrored this move as well. Overall, NG is bullish in the short term and holds solid odds of flipping bullish in the mid term if this momentum holds.

ELLIOTT WAVES

Natural Gas has likely formed a bottom with an ending diagonal and is developing an impulse upward.

SUMMARY:

Natural Gas is bullish in the short term, with good chances to extend that bullish momentum to the larger frames.

The broader trend still tilts bullish, as the 2-month and larger time frames continue to support the possibility of an extended rally.

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Happy Trading!