NG Henry Hub Natural Gas Futures Daily Chart Analysis: 2026-Feb-23 07:08 CT

Price Action

• Last: 3.077,
• Bars: Medium,
• Mom: Momentum slow.

WSFG Weekly

• Short-Term
• WSFG Current: -37%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Feb

• Intermediate-Term
• MSFG Current: -33%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 29%
• F0%/NTZ' Bias: Price Above,
• YSFG Trend: Up.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt low 2.80,
• 4. Pvt. Next: Pvt high 3.271,
• 5. Levels R: 4.362, 3.847, 3.446,
• 6. Levels S: 2.80, 2.679, 2.347.

Daily Benchmarks

• (Short-Term) 5 Day: 3.003 Down Trend,
• (Short-Term) 10 Day: 3.075 Down Trend,
• (Intermediate-Term) 20 Day: 3.346 Down Trend,
• (Intermediate-Term) 55 Day: 3.148 Down Trend,
• (Long-Term) 100 Day: 2.923 Up Trend,
• (Long-Term) 200 Day: 2.347 Up Trend.

Additional Metrics

• ATR: 285,
• VOLMA: 171211.

Recent Trade Signals

• 20 Feb 2026: Long NG 03-26 @ 3.135 Signals.USAR.TR120
• 20 Feb 2026: Long NG 03-26 @ 3.135 Signals.USAR-WSFG
• 16 Feb 2026: Short NG 03-26 @ 3.018 Signals.USAR.TR720

Overall Rating

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

Key Insights Summary

Natural Gas futures have recently experienced a sharp retracement from the February highs, with price action now consolidating below key monthly and weekly fib grid levels. The short-term trend is bearish, as confirmed by the downward momentum in the 5, 10, 20, and 55-day moving averages, and the current swing pivot structure showing a dominant downtrend. However, the intermediate-term HiLo trend remains up, suggesting underlying support and potential for a reversal if price can reclaim higher pivot levels. Long-term structure is still bullish, with the 100 and 200-day moving averages trending up and price holding above the yearly fib grid center. Volatility remains elevated (ATR 285), but volume has moderated from recent peaks. The market is in a corrective phase after a strong rally, with key support at 2.80 and 2.679, and resistance at 3.271 and 3.446. The recent mixed trade signals reflect this transitional environment, with both long and short entries triggered in the past week. Swing traders are observing for signs of stabilization or further breakdown, as the market digests recent volatility and awaits a new directional catalyst.