Natural Gas – Daily Analysis
In today’s Natural Gas Daily 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 recent rally still has room to extend or whether Natty is approaching a point where consolidation or a deeper pullback becomes more likely. CANDLES & TA: Today, despite bullish odds, NG pulled back and formed a Bearish Engulfing candle. While the signal was quite strong and suggests a high probability of lower prices, a reversal is yet to be confirmed, as is the momentum on the larger frames. Tomorrow’s close will be key, as several larger candles will complete, including the weekly, which remains on track to close bullish for now. Overall, the short-term outlook has flipped neutral-bearish, while the mid-term outlook remains bullish. The long-term picture stays neutral. ELLIOTT WAVES Road Map Today’s top could mark the top…
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