Natural Gas – Daily Analysis
Natty just closed a few frames, and the tape isn’t whispering—it’s flashing. In this daily, we read the prints, check trend alignment and momentum, and map the tripwires for the next move. Miss the tell here and you’ll be trading the echo, not the break.
CANDLES
Natural Gas continued to build bullish momentum today. After a solid weekly candle, it printed a convincing 8D Bullish Engulfing and is on track for the 10D to echo the signal. If momentum holds for two more sessions, the odds for a bullish 1–2 weeks rise materially.
That said, last week’s 15D close was bearish. The next 15D print lands on September 21 and could still surprise—both on MACD (as discussed earlier) and on the candle map.
ELLIOTT WAVES
Mid Term
(no changes, just refreshed the charts)
While the early leg up was corrective, the large gap makes it impossible to classify the wave as cleanly corrective or impulsive. That gap injected uncertainty into the EW counts, so for now we’ll lean on the candles and technicals.
The current leg up could be wave i of a larger impulse—possibly C—but that’s a risky read for now.
SUMMARY:
Natural Gas is bullish short/mid term, with a fair chance to extend those odds if the 10D closes well on Friday. The 15D frame remains bearish and would require a very significant two-week rally to flip. So while the near-term odds point higher, the risk from longer-term bearish pressure still hangs over the tape.
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Happy Trading!
