The weekly chart for NG Henry Hub Natural Gas Futures as of November 2025 shows a market in a prolonged downtrend, with price action currently consolidating near multi-year lows. The short-term swing pivot trend has shifted to an uptrend, suggesting a potential for a technical bounce or short-term recovery, but this is countered by the intermediate and long-term trends, which remain firmly bearish. Price is trading below key yearly and weekly session fib grid levels, and all major moving averages are trending down, reinforcing the dominant downward momentum. Resistance levels are clustered above the current price, with significant overhead supply near 4.5 and 6.7, while support is established at 3.59 and 3.37. The market appears to be in a corrective phase within a broader bearish structure, with slow momentum and medium-sized bars indicating a lack of strong conviction from either buyers or sellers. Overall, the technical landscape suggests continued pressure to the downside unless a sustained move above resistance and key moving averages occurs. The environment is characterized by consolidation and potential for choppy price action, with any rallies likely to face significant resistance overhead.