Natural Gas – Daily Analysis
Yesterday, I called a potential reversal. Today, Natural Gas is modestly higher. Now the key question is whether this bounce has enough strength to become sustainable. In today’s Natural Gas technical analysis, we examine Natty through its key signals and evolving Elliott Wave structure, identify the critical levels now in focus, and assess the most probable path for the next major move. CANDLES Natty printed a Bullish Engulfing on the daily frame and pushed above the 8 EMA. The 2D candle effectively killed the immediate bearish odds, while the weekly frame is shaping into a constructive setup. Also note that the weekly 50/200 bullish cross recorded last week has started to expand, which remains a constructive larger-frame signal. Overall, the short-term outlook for Natty is moderately bullish, while the mid- and long-term outlooks remain bullish. ELLIOTT WAVES Last Wave No changes to the mid-term Elliott Wave assessment. Flag By touching…
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