Natural Gas – Daily Analysis

Natural Gas has continued moving toward the downside targets outlined two weeks ago. The pressing question now is whether Natty is finally preparing for a bounce—or whether the broader bearish pressure still has more work to do. In today’s Natural Gas Technical Analysis, we examine the latest candlestick structure, momentum signals, key support and resistance levels, and the short-term Elliott Wave roadmap. The focus is on whether NG futures are setting up for a recovery attempt, entering another period of sideways consolidation, or preparing for a further test of lower levels. CANDLES & TA: Natural Gas formed a bearish continuation candle today, with no meaningful signal of an approaching bounce. If the bears remain in control tomorrow and price closes below last week’s low, the weekly frame would likely confirm bearish continuation as well. For now, Natural Gas remains bearish until it signals otherwise. We should also keep the larger…