Natural Gas – Monthly Analysis

Natural Gas has spent the last several months building a structure that could define the next meaningful move. Short-term swings remain important, but the bigger question now is what the market is preparing for over the next several weeks and months. In this Natural Gas Monthly, we focus primarily on the mid-term outlook—reviewing the latest monthly and quarterly developments, the broader technical structure, and the key levels that could determine whether the recent move evolves into a sustained trend or remains part of a larger consolidation. The next few weeks should provide important clues about which path is gaining control. CANDLES The failure to expand bearish momentum last week was crucial. Natural Gas could not break support and instead formed a Piercing Line on Friday. At the same time, several related instruments printed Bullish Engulfing patterns, reinforcing the message across the broader complex. The monthly close technically confirmed a bottom…