Natural Gas – Weekly Analysis
In this weekly report, we review the newest candle and momentum signals, assess the evolving technical and Elliott Wave structure, and outline the key levels likely to determine whether Natural Gas is only correcting within a broader bullish setup or preparing for a deeper move. CANDLES After a strong bearish Thursday, Natty moved lower, but a midday rebound helped save the 2D and weekly frames from turning bearish. The daily formed a Thrusting Line combo, which statistically has better odds of resolving lower. However, multiple hourly frames have built solid bullish momentum, placing the daily candle into a neutral stance pending confirmation. The 2D and weekly frames are also neutral, leaning bullish, pending confirmation. Overall, Natural Gas is neutral and looking for a directional message early next week. ELLIOTT WAVES Last Wave Natty may have completed the short-term bullish flag we have been discussing recently. A solid 12-hour Bullish Engulfing…
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