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Natural Gas – Daily Analysis

Natty delivered no surprises and continues to track our projected mid-term path. In today’s analysis, we’ll evaluate the latest signals and determine if any adjustments are needed for a potential directional shift.

CANDLES

NG formed a Falling 3 Methods on the daily, a bearish continuation on the 2D frame, and is on the verge of losing the 100-week MA. The odds remain bearish across multiple short- and mid-term frames.

Our recent statistical study still applies: the current move carries the potential for an additional 15–55% downside before it completes. Another point to note—the previous loss of the 100 WMA triggered a 70% decline. In current terms, a similar drop would push prices below $1.00. Keep this scenario in mind.

Natural Gas remains bearish long term until a compelling bullish formation develops.

ELLIOTT WAVES

No changes to the outlook; just the refreshed chart.

Several technical factors support the view that this wave is either wave 3 or wave C of some degree. The purple alt iii target is derived from Fibonacci levels, while the blue rectangle represents a statistical estimate based on historical performance.

SUMMARY:

Natural Gas remains bearish across all time frames until a decisive reversal signal appears.

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Happy Trading!