
Natural Gas futures continue to exhibit a dominant bearish structure across all timeframes. The price is currently trading at 3.494, with medium-sized bars and slow momentum, indicating a lack of strong directional conviction in the very short term. The Weekly Session Fib Grid (WSFG) shows a minor short-term upward bias, but this is countered by the prevailing downtrends in both the Monthly (MSFG) and Yearly (YSFG) Session Fib Grids, which reflect sustained intermediate and long-term weakness. Swing pivot analysis confirms a downtrend in both short- and intermediate-term trends, with the most recent pivot low at 3.314 and the next potential resistance at 4.193. Major resistance levels remain far overhead, while support is clustered just below current prices, suggesting limited downside before a potential technical bounce. All benchmark moving averages (5, 10, 20, 55, 100, and 200 week) are trending down and positioned above the current price, reinforcing the overall bearish environment. Recent trade signals have consistently favored the short side, aligning with the broader trend. The market appears to be in a prolonged downtrend, with any rallies likely to encounter significant resistance from overhead moving averages and prior swing highs. The technical landscape suggests continued pressure, with the potential for further tests of support unless a significant reversal pattern emerges.