The weekly chart for NG Henry Hub Natural Gas Futures as of late March 2026 shows a market in transition. Short-term momentum remains bearish, with price action below the WSFG F0% and a prevailing downtrend in the short-term swing pivots. The most recent pivot evolution is a low at 2.173, with the next significant resistance at 4.139, indicating a wide range for potential mean reversion or volatility spikes. Intermediate-term signals are mixed: the 10 and 20 week moving averages are trending up, but the 5 week MA is still in a downtrend, and the monthly session fib grid is neutral, suggesting a market searching for direction after a period of consolidation. Long-term, the yearly fib grid trend is up, but major moving averages (55, 100, 200 week) remain in downtrends, reflecting the overhang of a prolonged bear market. Support is clustered between 2.173 and 1.224, while resistance levels are much higher, indicating that any sustained rally would need to overcome significant overhead supply. The chart structure hints at a possible base-building phase, with the potential for volatility as the market tests both support and resistance zones. Overall, the market is still digesting prior declines, with short-term weakness but signs of stabilization and possible recovery in the intermediate to long term if key resistance levels are challenged.