Serj Panchuk
⬤ Natural gas continues pushing higher after what looked like a bearish setup completely fell apart. Thursday's trading printed a shooting star candle right at horizontal resistance—normally a warning sign that sellers might be stepping in. But that's where the bearish case ended.
⬤ Friday flipped the script entirely. Instead of seeing any downside momentum build, the market just kept going up. Another bullish candle formed, and it became crystal clear that sellers had zero conviction. Whatever selling pressure emerged got swallowed up immediately by fresh buying.
There was no expansion in downside momentum, and instead the market printed another bullish continuation candle.
⬤ This isn't happening in isolation. The whole move kicked off from a textbook tweezer bottom spotted earlier in the month. That formation marked where real demand showed up, and prices have been climbing steadily ever since. Even when sellers tried to push back at key levels, buyers kept stepping in and taking control.
⬤ What makes this particularly notable is how failed reversals tend to play out. When a widely recognized bearish pattern gets ignored by the market, it usually doesn't just fizzle out—it strengthens the existing trend. That's exactly what's happening here. The shooting star should have attracted sellers, but it didn't. That failure is now adding fuel to the bullish momentum.
⬤ The current structure shows demand consistently overwhelming supply. Technical levels are still guiding price action, but the dominant force right now is clearly on the buy side. As long as sellers can't generate any meaningful follow-through and buyers keep showing up, this uptrend has room to keep running.
Serj Panchuk
