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Commodities

Natural Gas – Daily Analysis

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Natural Gas Open Articles Public Weekly
874

Today NG2 hit the $4.75 target we set in mid-October. What’s next? In today’s Natural Gas technical analysis, we assess the Henry Hub futures setup—candlestick structure, key support/resistance, momentum, and Elliott Wave context—to outline the highest-probability paths from here and define the confirmation and failure levels.

CANDLES

Following yesterday’s bearish indecision, bulls capitalized and produced a continuation candle. There is no reversal pattern on any significant frame and no strong potential reversal signal. The odds remain bullish until clearly reversed.

ELLIOTT WAVES

Last Wave

Wave 3 has extended to 1.618× the length of Wave 1 and could be nearing completion. That said, longer third waves are common, and we need clear reversal signals before considering it complete.

SUMMARY:

Natty is bullish in the short term and remains bullish across the mid- and long-term frames. The risk of a pullback is present, but there is no strong signal yet.

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

Happy Trading!

Natural Gas Open Articles Public Weekly
874
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