Natural Gas – Daily Analysis
Indeed—last Thursday delivered a soft alert, and Friday sealed it. Natural Gas is flying.
From here, we’ll map the path using our layered framework: read the candles across daily/2D/weekly, check trend alignment and momentum, and then validate the structure with Elliott Wave. The goal is simple—track the shift in momentum, define the flip levels, and size the risk across short-, mid-, and long-term horizons.
CANDLES
Natural Gas closed the daily and 3D frames with strong bullish candles. The momentum is very strong and, while it\s a bit premature, the monthly looks very constructive.
All trends remain firmly bullish. Apparently it was a solid underlying current that kept them that way during the drawdown.
ELLIOTT WAVES
Last Wave
Assuming this is wave v, here’s what to expect:
- Typical extensions for wave v: 1.0, 1.618, and 2.0 of wave i (marked by the blue Fibs).
- In commodities (including NG), wave v often runs longer than wave iii; a break above $4.75 would mark v > iii.
- Statistically, the most probable target lies in the upper third of the rectangle.
Let’s see how it develops.
SUMMARY:
Natty is bullish across all frames, with a fair chance to extend those odds further on the monthly frame.
Short term: bullish
Mid term: neutral–bullish
Long term: bullish
Happy Trading!
