
Natural gas futures have recently shown a mixed technical landscape. Short-term price action is under pressure, with the weekly session fib grid (WSFG) indicating a downtrend and price trading below the NTZ center, suggesting continued short-term weakness. The most recent swing pivot trend is also down, reinforcing this bearish short-term bias. However, intermediate-term signals are more constructive: both the monthly session fib grid (MSFG) and the HiLo swing trend are up, with price holding above the monthly NTZ and moving averages (5 and 10 week) trending higher. This points to a potential recovery phase or a developing base after a prolonged decline. Long-term signals are more neutral, as price is above the yearly NTZ center and the 20-week MA is rising, but the 55, 100, and 200-week moving averages remain in downtrends, capping upside momentum. Key resistance levels cluster between 3.65 and 4.60, while support is firm at 2.74 and 1.19. The recent long signal aligns with the intermediate-term uptrend, but short-term volatility and resistance overhead may limit immediate upside. Overall, the market is transitioning from a deep cyclical low, with intermediate-term bullish momentum emerging, but faces significant long-term resistance and short-term choppiness.