Automatic wave scan: as of 6 Nov 2026, the automatic daily count for Natural Gas is Wave 5 up with a bullish bias. The count stays valid while price holds 2.4970.
Current Natural Gas wave count
Automatic wave scan Updated daily from the latest daily close (6 Nov 2026). Computer generated from swing highs and lows, not reviewed by an analyst.
Automatic scan: price is in wave 5, the final leg of a five wave advance that began at 2.6160 on 6 Aug 2026. Next levels to watch are 3.1783 and 3.4100. The count fails on a daily close below 2.4970.
Key levels
| Type | Levels |
|---|---|
| Resistance | 3.3340 · 3.3170 |
| Support | 2.4970 · 2.9120 |
| Invalidation | 2.4970 |
What is Natural Gas?
Natural gas futures trade on NYMEX and are priced at the Henry Hub in Louisiana, in US dollars per million British thermal units (MMBtu). Each contract covers 10,000 MMBtu.
The United States became the world's largest exporter of liquefied natural gas (LNG) in 2023. This links US prices more closely with Europe and Asia than in the past.
What moves the Natural Gas price?
- Weather: Cold winters and hot summers raise demand for heating and power.
- Storage reports: The weekly EIA storage report shows whether stocks are above or below normal.
- LNG exports: Export plant outages or new capacity change demand.
- Production: Output from shale fields sets the supply side.
- Seasonality: Prices often behave differently in the winter heating season and summer cooling season.
How Natural Gas moves in Elliott Wave terms
Natural gas can move 5 to 10 percent in a day, so its waves are large and fast. It also has strong seasonal patterns that can stretch or shorten corrections. Long declines often end with sharp, impulsive rallies.
Because futures roll each month, use continuous back-adjusted charts with care. Rolls can create gaps that distort wave lengths.
Tips for counting Natural Gas waves
Check the Thursday EIA storage report and weather forecasts. Use small position sizes.
Natural Gas key facts
Natural Gas Elliott Wave FAQ
Why is natural gas so volatile?
Demand changes quickly with the weather, while supply and storage adjust slowly.
What is Henry Hub?
A pipeline hub in Louisiana that serves as the pricing point for US natural gas futures.
When is the natural gas storage report?
The EIA releases it on Thursdays at 10:30 New York time.
Sources and further reading
- Weekly Natural Gas Storage Report (U.S. Energy Information Administration)
- Henry Hub Natural Gas futures (CME Group)
- Short-Term Energy Outlook (U.S. Energy Information Administration)
Educational content only. Nothing on this page is financial advice or a recommendation to buy or sell. Trading involves risk and you can lose money. Elliott Wave counts are probabilities, not certainties. Read our full disclaimer and affiliate disclosure.
