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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

No changes in this section. Bearish candles on multiple short frames, but the daily and larger trends remain bullish.

Overall, the short-term odds are bearish, with some risk of reversal.
The weekly shows an unconfirmed bearish candle; Friday is the pivotal day.

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 main focus now is on the weekly close — whether it will confirm a larger bearish momentum.

Short term: bearish
Mid term: neutral, pending confirmation
Long term: bullish

Happy Trading!