Amid general upward trend continuation, there are emerging signals pointing to a possible completion of the current uptrend in Natural Gas.
The analysis of the wave structure indicates the development of an incomplete downward impulse. Currently, a corrective wave [iv] has been formed, which is followed with the development of a downward wave [v].
According to the data of the smaller wave structure, the development of a downward impulse is observed. The price forms the last wave (v). After the completion of this wave, a corrective downward movement may begin.
Thus, an upward movement continues to form on the Natural Gas chart, but this impulse is at the final stage of formation so the price may resume a downward movement.
In this case, the emphasis is on short positions that can be considered at current levels.
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 European Session on 21.7.2026
