Natural Gas – Daily Analysis
This analysis applies a layered framework—candles, key technicals, and Elliott Wave structure—to track momentum shifts and manage risk across short-, mid-, and long-term horizons. We’ll follow a consistent order: read the candles, look for technical confirmation, then use EW to map the likely paths for Natural Gas.
CANDLES
Today, the same situation unfolded for Natural Gas. A bearish daily candle appeared, yet despite the continued decline, both daily and larger trends remain bullish — quite a puzzle.
Overall, the short-term odds are bearish but close to neutral.
The weekly printed a bearish candle, though it still needs confirmation.
So far, all trends remain bullish.
ELLIOTT WAVES
Last Wave
I continue to maintain the hypothesis that the current wave down is wave iv. A break below $3.444 would invalidate the i–v impulsive structure.
SUMMARY:
Natty remains moderately bearish in the short term. The next momentum readings across multiple frames come on Wednesday—then we’ll learn whether the bears are accelerating or receding.
Short term: moderately bearish
Mid term: bullish, possible confirmation of bearish reversal this Friday
Long term: bullish
Happy Trading!
