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Natural Gas – Daily Analysis

We’re analyzing Natural Gas through a layered approach—candles, core technicals, and Elliott Waves—so we can spot momentum shifts and manage risk across short, mid, and long horizons. In today’s note, we keep the order consistent: read the candles, seek technical confirmation, then use EW structure to map the likely paths.

CANDLES

No frames larger than the daily closed today; the mid-term view remains bullish following the weekly close. Today’s daily close landed with surgical precision—as if no one wanted to tip the scale bearish—so NG failed to confirm a bearish reversal. Short term is neutral to slightly bullish. All trends remain intact.

ELLIOTT WAVES

Last Wave

The recent high could be the top of wave iii and almost equally subwave (3) of iii. The technical indication would work for both, and we need to see the length and size of the current pullback for better understanding.

SUMMARY:

After closing September with strong bullish signals, Natural Gas rallied, became overbought, and is now correcting to reset indicators. Once the correction runs its course, the rally is expected to resume.

Short/mid-term: neutral, slightly bullish
Long term: bullish

Happy Trading!