Natural Gas – Daily Analysis
Natural Gas stays under our multi-frame lens—candles, key indicators, and Elliott Waves. This framework tracks momentum shifts precisely and gauges risk across short-, mid-, and long-term horizons. Today’s update follows the same flow: candle signals first, technical confirmation second, then EW alignment to frame the paths.
CANDLES
Natural Gas faces an important test tomorrow. The commodity is extremely overbought, yet the candles have not signaled a pullback or reversal. If Natty withstands the technical bearish pressure tomorrow and prints constructive bullish candles on the 5D and weekly frames, any pullback will likely be moderate.
Natty is bullish short- and mid-term until reversed.
ELLIOTT WAVES
Last Wave
Natty hit the lower boundary of the target area with precision—presumed wave iii measures exactly 1.618× wave i. It’s reasonable to expect a pullback into the iv rectangle, though there’s no confirmed signal yet. If the commodity manages to form the higher-degree impulse (i) as shown, I’ll treat it as a potential wave (i) of 3.
NG1 – Flag
Two weeks ago I outlined a clear flag for NG1, and it has played out with precision. A closer look at the wave structure suggests wave iii may extend—the recent high could be only subwave 3 of iii. If so, NG2 could react accordingly. Be aware.
SUMMARY:
After closing September with strong bullish signals, Natural Gas continues to push higher, although it is overbought on multiple smaller frames, up to and including the daily with no firm signal for a reversal yet. The risk of a short-term pullback is increasing.
Short/mid-term: bullish until signaled otherwise.
Long term: bullish.
Happy Trading!
