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Commodities

Natural Gas – Daily Analysis

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Natural Gas Open Articles Public Weekly
1233

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

NG2 formed a strong bullish continuation candle on the 2D frame but may have completed a bearish Harami on the daily. While the daily odds are roughly neutral, the longer frames are bullish from a candlestick perspective.

Note that NG is becoming overbought on multiple frames, adding the risk of at least a short-term pullback.

There is no confirmed reversal pattern on any significant frame; 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 but leaning toward neutral in the short term, while remaining firmly bullish across the mid- and long-term frames. The risk of a pullback is present, though no strong signal has appeared yet.

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

Happy Trading!

Natural Gas Open Articles Public Weekly
1233
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