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

The daily and 3D frames closed today with bullish candles that are closer to neutral. The short-term is slightly bullish; the mid-term view remains bullish following the weekly close. All trends remain intact.
ELLIOTT WAVES
Last Wave


No changes on the Elliott Wave map. The recent high could be the top of wave iii and almost equally subwave (3) of iii.
Flag

There’s a chance that NG has completed a small flag for wave (4) of iii, with the target area indicated above.
SUMMARY:
After a strong rally, Natural Gas appears to have formed a flag during the pullback, which now looks complete. At this point, the odds favor a move higher.
Short/mid-term: neutral, slightly bullish
Long term: bullish
Happy Trading!