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Natural Gas – Daily Analysis

Natty did not disappoint today—yesterday’s candle proved to be bearish, just as we discussed. Now it’s time to focus on the next moves and their probabilities. In this update, we deploy the full technical arsenal—key support zones, wave projections, and multi-timeframe indicators—to uncover what’s really unfolding beneath the surface of this high-volatility market.

CANDLES

Today, NG reaffirmed its bearish stance, driving the price further down. Both the daily and 3D frames closed with strong bearish continuation candles, while the 3D frame is now testing the 600 DMA—a very long-term support level.

That said, Natty is grossly oversold on several hourly frames, a condition that could trigger a short-lived bounce over the next few days to normalize indicators. Despite this, the daily frame remains firmly bearish.

Natural Gas stays bearish until a compelling bullish formation emerges.

ELLIOTT WAVES

After today’s moves, I am introducing a possible alt iii target for wave iii.

Several technical factors support the hypothesis that this wave is either wave three or wave C of some degree. In that case, an alt iii in purple could serve as a typical target for such a move.

SUMMARY:

Natural Gas remains bearish, with elevated odds for a continued decline in both the short- and mid-term. However, the risk of a bounce is high—stay on guard.

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Happy Trading!