Natural Gas – Weekly Analysis
Natural Gas is approaching another important decision point, with the latest price action beginning to clarify whether the recent consolidation is nearly complete or still needs more time to develop.
In this weekly report, we review the newest signals, assess the evolving technical and Elliott Wave structure, and outline the key levels likely to determine Natty’s next major directional move.
CANDLES
After forming a strong 15-day Bullish Engulfing in the middle of the week, Natural Gas wasted no time extending the bullish case across the smaller frames. The weekly chart closed with a bullish continuation candle, while the daily reclaimed the 100 DMA for the first time since January.
Bullish momentum is strengthening. Natural Gas remains bullish across multiple frames until reversed.
ELLIOTT WAVES
Last Wave
If Natty makes a new higher high, the alternative blue count will be strongly reduced in probability. The green path remains primary, with Natural Gas likely developing wave iii. Targets remain intact.
SUMMARY:
Natural Gas has strengthened materially, with the bullish case now extending across multiple frames and momentum continuing to build. The green path remains primary, and the broader structure increasingly supports the view that Natty is developing wave iii.
Other natural gas tracking instruments remain aligned with this stance, while European TTF is also pointing higher. Overall, the gas complex continues to lean bullish until reversed.
