Natural Gas – Daily Analysis

In today’s report, we examine Natty through its key technical signals and evolving structure, identify the critical levels now in focus, and assess the most probable path for the next major move. CANDLES Natural Gas printed a bearish daily candle. At the same time, it stubbornly held major support on the 2D-3D frames while printing consolidation candles. The front end may look bearish, but there is still life under the hood. Overall, the short-term outlook is bearish, but barely. The mid- and long-term outlooks remain bullish. ELLIOTT WAVES Last Wave No changes in the Elliott Wave department. The current structure still fits both the red and green counts. The current wave down could be wave c of alt ii. SUMMARY: Natural Gas remains mixed, with the short-term outlook only slightly bearish. The daily candle was bearish, but the 2D-3D frames continue to hold major support while printing consolidation candles. This…