Natural Gas – Weekly Analysis

Following the July 8 signal, Natural Gas plunged more than 7% in two days. Is it set for continued decline, or have bears exhausted their momentum? The messages are quite clear — let’s decipher them. In this weekly Natural Gas report, we examine the latest candle signals, momentum shifts, evolving technical structure, and Elliott Wave paths now in play. The focus is on the key levels and confirmation signals that are likely to determine whether Natty is preparing for another bullish leg — or whether the market needs more time before choosing its next major direction. CANDLES If we look at the NG candles, we can see that the daily, weekly, and 10D frames all closed with various bearish candles. Some were stretched, but nothing immediately suggests a bullish path. However, if we look at instruments such as UNG, BOIL, and KOLD, their daily signals are quite clear: there is…