Natural Gas – Daily Analysis
In today’s report, we will look at the internal health of Natty and its Dutch TTF counterpart, analyze the key technical signals and evolving structure, and identify the critical levels that will determine where Natty heads next.
CANDLES
Today, Natural Gas continued to build a bullish case, slowly pushing the odds toward larger and larger frames. The bottom is marginally confirmed, although this remains a risky call and still requires a few broader confirmations.
The short-term odds are moderately bullish. Some confirmations are still due.
ELLIOTT WAVES
Last Wave
Natty possibly completed wave 2, although an extended wave 2, shown by the dashed line, is still possible.
Dutch TTF
Dutch TTF possibly completed wave (ii) in green, as we discussed a month ago. The formation is a confirmed Bullish Harami Cross. The commodity is likely starting wave (iii), with moderate targets of 100–160% from the current level.
SUMMARY:
Natty continues to build a bullish case. The bottom is marginally confirmed, although the setup still carries risk and requires broader confirmation. For now, the short-term odds are moderately bullish, with wave 2 possibly complete, though an extended wave 2 remains possible.
Dutch TTF also appears to be turning higher. As discussed a month ago, it may have completed green wave (ii) with a confirmed Bullish Harami Cross, opening the door for wave (iii). If this structure holds, the moderate upside targets are in the 100–160% range from the current level.
