Natural Gas – Weekly Analysis
Natural Gas is approaching a critical juncture. While the long-term direction remains unresolved, the technical tension is building—and the next move could set the tone for months to come. In this update, we examine whether Natty is preparing for a major breakout or bracing for another leg down. Let’s decode the signals before the market makes up its mind.
CANDLES
All bullish attempts by Natural Gas were defeated by bears. Natty is gaining bearish momentum on the mid-term frames, with technicals supporting the move. The odds are bearish, with varying strength across the daily to monthly timeframes.
ELLIOTT WAVES
Last Wave
(no change, just refreshed the charts)
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.
Short Term
SUMMARY:
Natural Gas ended July with bearish signals on both the monthly and smaller timeframes. The odds and trends remain bearish, backed by strong technical support. A break below $3.007 would open the path to significantly lower prices and likely call for a broader reassessment of scenarios. Natty remains bearish until at least the weekly frame signals a reversal.
Happy Trading!
