Steve MillerPublished 2026-10-08
“Natural Gas Analysis - The Key Day That Triggered the Turn”
$NGBullish
NG is a viable long-term buy following a rounded bottom formation; the thesis remains valid as long as price holds above the 21 EMA at 2.942.
Let's move on to NG. This is NGX 26 on the weekly chart. An interesting twist is forming. That downward trend is expected to occur between 914 and 1019. The daily bar is clearly trying to form a rounded bottom.
Look at the flag that is coming back towards those EMAs. Just look at this intersection. This is probably the pivotal day, when you look back and say, "Hey, what happened that day, right?
If I wanted to participate in it , where would I have been involved ?" Well, it probably would have been on this day, because you can see that you traded below the EMA. You are back again.
And you closed at the highest price. And since that time, we've basically gone straight up in natural gas.
What they said to watch for