Amid general upward trend continuation, there are emerging signals pointing to a possible completion of the current uptrend in Natural Gas.
At a higher time interval, the formation of an incomplete downward impulse is observed. Currently, within this structure, a corrective wave [iv] has been formed. It should be followed with a downward impulse wave [v].
On the lower time interval, a downward impulse develops. Now the market is moving within the final wave (v). This indicates a possible completion of the current downtrend either now or in the near term.
As a result, the formation of a downward movement continues on the chart. However, a wave structure is almost formed and the price may change the direction of movement.
In this situation, it should be emphasized that short positions remain preferable.
Alternative scenario
Long positions should be looked for after the breakout of the top of the current wave.
Natural Gas H1: Wave Analysis for the American Session on 17.7.2026
