Natural Gas – Daily Analysis

Today, Natty fell but still managed to print a green candle. What does that really mean? Let’s break down the candles and signals. In this update, we bring out the full technical arsenal—key support zones, wave projections, and multi-timeframe indicators—to reveal what’s truly unfolding beneath the surface of this high-volatility market.
CANDLES

Today’s green candle formed an On-Neck pattern, which more often resolves as part of a bearish continuation. The 2D and 8D frames also closed with bearish continuation candles, and there is no strong signal of a bullish reversal at this time.
Natural Gas remains bearish until a compelling bullish formation emerges.
ELLIOTT WAVES
No changes to the mid term prospective after today’s moves.


SUMMARY:
Natural Gas remains bearish, with elevated odds for a continued decline in both the short- and mid-term.
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Happy Trading!