Skip to content
GET STARTED
Loading...
✨ Become a Member and get full access!
Commodities

Natural Gas – Daily Analysis

•
Natural Gas Open Articles Public Weekly
733

In today’s Natural Gas technical analysis, we examine the Henry Hub futures setup—candlestick structure, key support/resistance, momentum, and Elliott Wave context—to outline the probabilities for the next move.

CANDLES

Today, Natty printed an Inside Down on the daily frame—the first solid signal that a top may be near. If it’s confirmed on the daily and accompanied by a momentum shift on the 2D frame tomorrow, a larger pullback could begin. That said, the 3D frame recorded a bullish candle and all trends remain bullish. Tomorrow could be decision day, though I still think Natty isn’t done on the upside.

ELLIOTT WAVES

Last Wave

I think NG has started wave iv of 3 and still needs wave v to complete 3. After that, a period of moderate consolidation for wave 4—about a week—should follow, then a strong wave 5. Let’s see what tomorrow brings; there’s also a chance for a strong move that completes the entire wave v.

SUMMARY:

Natty remains bullish across the mid- and long-term frames. It has flipped neutral in the short term, with a risk of turning bearish.

Short term: neutral
Mid term: bullish
Long term: bullish

Happy Trading!

Natural Gas Open Articles Public Weekly
733
Read Next
Semiconductors: One Parcel or the Full Set?
Back on October 10, with SOX around 12,572, we published what was probably one of our less festive warnings: “Semiconductors: An Election Gift Nobody Asked For?” The chart was pointing toward a first major downside area near 10,025, with deeper checkpoints around 9,120 and 7,980. At the time, that probably looked like a rather oversized […]
Commodities
Oil – Daily Analysis
Oil just gave back more than half of its October gains in a single session. That is enough to get attention—but is one violent day really enough to declare a new trend? Not long ago, the Dollar lost more than 5% against the Yen in just a few hours, only to recover and continue following […]
US Indices
SP500 – Daily Analysis
SPX spent much of today giving the impression that a bottom might be forming. But despite the heavy drop in oil, the index still ended the session in red. So what about tomorrow? This time, the technical signals are unusually clear. Let’s interpret what they are telling us—and see whether today was the beginning of […]