Natural Gas – Weekly Analysis

Natural Gas is reaching another important decision point. The short-term picture has become more complicated, but the larger bullish setup remains alive, and the next confirmation could define much more than just the next daily move. In this monthly 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 Natural Gas’s next major direction. CANDLES After yesterday’s major blow, Natural Gas recovered and not only formed a Piercing Line daily combo, but also avoided a potential 8/20 EMA bearish cross. A move like this could lead to a strong recovery, provided it receives confirmation tomorrow. Another very important development is that today’s rally transformed the monthly, 2M, and quarterly candles into bullish formations. The quarterly Bullish Engulfing was particularly strong. Together with multiple bullish signals, these formations highlight a higher probability of growth over the…