Natural Gas – Daily Analysis
In today’s report, we examine Natural Gas, analyze key technical signals and the evolving structure, and identify the critical levels that will determine where Natty heads next.
CANDLES
Today, Natural Gas started testing the 100 DMA while maintaining a healthy bullish candle sequence. The 2D and 3D frames also picked up bullish momentum.
Natural Gas remains bullish until signaled otherwise, with all NG-tracking instruments aligned on the same stance.
ELLIOTT WAVES
Last Wave
No changes in the Elliott Wave department. Natty is likely developing wave iii, with all targets intact.
SUMMARY:
Natural Gas remains bullish until signaled otherwise. Today’s test of the 100 DMA, combined with a healthy bullish candle sequence and improving momentum on the 2D and 3D frames, keeps the technical backdrop constructive.
From an Elliott Wave perspective, there are no major changes. Natty is likely developing wave iii, with all targets intact. Overall, all NG-tracking instruments remain aligned on the bullish stance.
