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Commodities

Natural Gas – Weekly Analysis

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Natural Gas Open Articles Public Weekly
581

Natural Gas has not made a long term decision yet, but it is close. Let’s see what the signals are this time.

CANDLES

Natural Gas made a modest attempt at reversing on Thursday with a Thrusting Line, but that effort was quickly dismissed by Friday’s action. The week closed overwhelmingly bearish across multiple timeframes, backed by strong technical support for continued downside. Unless a sharp reversal occurs within the next four days, the monthly candle is on track to close bearish as well.

ELLIOTT WAVES

Last Wave

Natural Gas is still clinging to the pivotal $3.007 level. A break below would open the door to significantly lower levels, while holding this support keeps the bullish path alive—though still on the back burner. This week is shaping up to be decisive.

Short Term

SUMMARY:

Natural Gas sharply reversed course, with just a few bearish days completely reshaping the monthly outlook—transforming a Bullish Engulfing setup into a bearish continuation candle. If this week’s contract switch brings no major surprises, Natty appears to be tracking a bearish path that could extend into the long term, all hinging on the upcoming monthly closure.

Happy Trading!

Natural Gas Open Articles Public Weekly
581
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