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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 continued the rally and formed bullish continuation candles on the 1D and 2D frames. Natty remains bullish on the short- and mid-term frames.

ELLIOTT WAVES

Last Wave

I made a minor adjustment to the prospective target for wave iii. The mid-term Elliott Wave perspective remains generally unchanged.

SUMMARY:

Natural Gas continues to strengthen, with the latest advance confirming bullish momentum on the short- and mid-term frames. The broader setup remains constructive, and the rally appears to be progressing in line with the existing forecast.

The Elliott Wave perspective is largely unchanged, aside from a minor adjustment to the prospective wave iii target. Overall, Natty remains bullish until reversed.