Natural Gas – Daily Analysis
Did Natural Gas actually pivot today—or was the move too light to matter? This update reads the tape—candles, momentum, and structure—to mark the flip levels, timing windows, and invalidations that count. If a break is coming, this is where we see which side earned it.
CANDLES
Natural Gas is telling an interesting story. Yesterday it missed confirming a daily reversal by a hair; today it did. On the 2D and 3D frames today, it missed confirming a top by just $0.002, echoing yesterday’s near-miss.
Friday’s 5D and weekly closes, both threatening a Bearish Engulfing, could be pivotal; if confirmed, next week could be brutal.
Short term: bearish
Mid term: neutral, depends on tomorrow’s close
Long term: still leaning bearish
ELLIOTT WAVES
Mid Term
(no changes, just refreshed the charts)
At the micro level, NG is drifting lower in a corrective manner. A few indicators lean toward the purple path, but there’s still no decision.
SUMMARY:
Natural Gas is bearish in the short term, with a good chance of keeping the larger frames bearish and expanding downside momentum across the short- and mid-term frames—especially if bears secure the 5D and weekly closes tomorrow.
The 15D frame, the biggest current threat, remains bearish and would require a very strong rally within the next six trading days to reverse. While the near-term bias leans bearish, longer-term bearish pressure still hangs over the tape. Time is running out.
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Happy Trading!
