Natural Gas – Daily Analysis

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. We also assess whether the developing reversal is gaining enough technical support to extend beyond the short-term frames. The key question is whether NG futures have finally established a durable bottom and are preparing for a stronger advance—or whether one more downside flush is still needed before the larger move can begin. CANDLES & TA: Today, Natural Gas continued building its bullish momentum. It technically confirmed a bottom on the daily frame, but still needs more work on the larger frames. Overall, the short- and mid-term outlook remains moderately bullish. The long-term picture, however, will likely be decided by the August 31 close. ELLIOTT WAVES Road Map The overnight pullback signaled a possible extension of wave ii, forming a potential expanded flat, as shown by…