
Natural gas futures have recently shown a strong upward move, as indicated by large bars and fast momentum, with the last price at 2.447. Short-term price action is bullish, supported by an uptrend in both the swing pivot and HiLo trends, and all short- and intermediate-term moving averages are trending up. However, the weekly session fib grid (WSFG) remains in a downtrend, with price below the NTZ, suggesting some short-term resistance or overextension. Intermediate- and long-term fib grids (MSFG, YSFG) are both trending up, with price above their respective NTZs, indicating a shift in broader sentiment. Key resistance levels are clustered above at 3.097, 3.987, and 4.147, while support is found at 2.132 and 1.296. The long-term moving averages (55, 100, 200 week) are still in a downtrend, reflecting the broader bearish structure from previous months, but the recent rally is testing these levels. The overall structure suggests a potential transition phase, with short- and intermediate-term bullish momentum challenging long-term resistance, possibly driven by seasonal factors or a shift in market sentiment. Volatility is elevated, and the market is at a critical juncture between a developing recovery and the overhead weight of long-term resistance.