NG Henry Hub Natural Gas Futures Weekly Chart Analysis: 2026-Jan-23 07:11 CT

Price Action

• Last: 3.912,
• Bars: Large,
• Mom: Momentum fast.

WSFG Weekly

• Short-Term
• WSFG Current: 282%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month Jan

• Intermediate-Term
• MSFG Current: 122%
• F0%/NTZ' Bias: Price Above,
• MSFG Trend: Up.

YSFG Year 2026

• Long-Term
• YSFG Current: 34%
• F0%/NTZ' Bias: Price Above,
• YSFG Trend: Up.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt high 5.049,
• 4. Pvt. Next: Pvt low 3.006,
• 5. Levels R: 14.276, 11.157, 6.422, 5.049, 5.013,
• 6. Levels S: 3.006.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 3.765 Up Trend,
• (Intermediate-Term) 10 Week: 3.544 Up Trend,
• (Long-Term) 20 Week: 4.111 Down Trend,
• (Long-Term) 55 Week: 4.976 Down Trend,
• (Long-Term) 100 Week: 5.883 Down Trend,
• (Long-Term) 200 Week: 6.080 Down Trend.

Recent Trade Signals

• 20 Jan 2026: Long NG 02-26 @ 3.912 Signals.USAR-MSFG
• 20 Jan 2026: Long NG 02-26 @ 3.585 Signals.USAR-WSFG
• 19 Jan 2026: Long NG 02-26 @ 3.66 Signals.USAR.TR720

Overall Rating

• Short-Term: Bullish,
• Intermediate-Term: Neutral,
• Long-Term: Neutral.

Key Insights Summary

Natural gas futures have shown a strong short-term reversal with large, fast momentum bars pushing price above key short- and intermediate-term Fibonacci grid levels. The WSFG and MSFG both indicate an uptrend, supported by recent long trade signals and upward movement in the 5- and 10-week moving averages. However, the intermediate-term HiLo trend remains down, and long-term moving averages (20, 55, 100, 200 week) are still trending lower, reflecting broader structural resistance overhead. The most recent swing pivot is a high at 5.049, with the next key support at 3.006, suggesting a wide trading range. Resistance levels are stacked well above current price, indicating potential for further upside if momentum persists, but also highlighting significant overhead supply. The overall structure suggests a short-term bullish bias within a longer-term neutral to corrective environment, with volatility and potential for sharp moves as the market tests key levels.