
The weekly chart for NG Henry Hub Natural Gas Futures shows a complex interplay between short-term weakness and emerging intermediate- to long-term strength. Price action is currently below the weekly session fib grid (WSFG) neutral zone, with average momentum and medium-sized bars, indicating a recent loss of upward drive. The short-term trend is down, confirmed by both the WSFG and the most recent swing pivot direction, as well as two recent short trade signals. However, the intermediate-term (monthly) and long-term (yearly) fib grids both show price above their respective neutral zones, with uptrends in place, supported by rising 5, 10, and 20 week moving averages. The intermediate-term swing pivot trend is up, and the next major resistance is at 4.137, with strong support at 2.173 and 1.724. Long-term moving averages (55, 100, 200 week) remain in downtrends, suggesting that while a recovery is underway, the market is still contending with overhead resistance from prior cycles. Overall, the market is in a transitional phase: short-term bearishness is being challenged by a broader intermediate-term bullish reversal, while the long-term trend remains neutral as price consolidates and tests key levels. This environment is typical of a market attempting to base after a prolonged decline, with potential for further volatility as it navigates between support and resistance.