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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

Today, NG hit the same daily low as yesterday and formed a potentially bullish Inside candle. This flips the daily odds to neutral. For a bullish path, the most typical move tomorrow would be hitting a lower low, possibly finding support at the 200 DMA, and starting a rally.

Overall, the short-term odds are neutral, with a risk of bullish reversal.
The weekly shows an unconfirmed bearish candle. Friday is the pivotal day for the weekly and the 10D frame, which is balancing on a rope.

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 has flipped neutral in the short term. The main focus now is the weekly close—whether it confirms larger bearish momentum—and the 10D frame, which will tell a longer story about bulls’ and bears’ chances.

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

Happy Trading!