Natural Gas – Daily Analysis
Natural Gas is parked at a hinge with mixed signals across frames. This update reads candles, momentum, and structure to mark the flip levels, timing windows, and invalidations that matter. If a break is coming, this is where we learn which side earned it.
CANDLES
Natural Gas made no decision today. Intraday moves offered chances to tip the scale either way, but it closed with another neutral signal, tilting the odds toward continued range-bound trade.
Short term: neutral, pending a decision.
Mid term: leaning bullish.
Long term: still leaning bearish.
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.
If NG pulls back here, it could be either wave ii (purple) or wave v (red). A new lower low—below the purple horizontal line—would invalidate the purple count.
SUMMARY:
Natural Gas is neutral short term; the directional decision is still pending—50/50.
The 15D frame remains bearish and would require a very strong two-week rally to reverse. While the short-term odds are nearly balanced, longer-term bearish pressure continues to overhang the tape.
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Happy Trading!
