Natural Gas futures have recently experienced a sharp reversal from a major swing high at 4.425, with price now trading at 3.117. The current price action is characterized by large, fast-moving bars, indicating heightened volatility and strong momentum to the downside in the short term. Both the weekly and monthly session fib grids (WSFG and MSFG) show price below their respective NTZ centers, confirming a short- and intermediate-term downtrend. However, the yearly fib grid (YSFG) remains in an uptrend, with price still above the annual NTZ, suggesting the longer-term bullish structure is intact. Swing pivot analysis highlights a short-term downtrend (DTrend) with the next key support at 2.950 and major resistance levels above at 3.487, 3.520, 3.867, and the recent high at 4.425. Intermediate-term pivots remain in an uptrend, reflecting the broader recovery from the January lows. Daily benchmarks show short-term moving averages (5 and 10 day) trending down, while all intermediate and long-term averages (20, 55, 100, 200 day) are trending up, reinforcing the mixed outlook across timeframes. Recent trade signals reflect this volatility, with a short signal triggered on 10 Feb following a failed rally attempt earlier in the month. The ATR and volume metrics confirm an environment of elevated volatility and active participation. Overall, the market is in a corrective phase within a larger bullish trend, with short-term momentum favoring the bears but intermediate and long-term structures still supporting the bulls. This setup suggests a period of consolidation or potential retracement before the next directional move, with key levels to watch for signs of reversal or continuation.