NG Henry Hub Natural Gas Futures Weekly Chart Analysis: 2026-May-04 07:05 CT

Price Action

Last: 2.818,
Bars: Medium,
Mom: average.

WSFG Weekly

Short-Term
WSFG Current: 16%
F0%/NTZ' Bias: Price Above,
WSFG Trend: Up.

MSFG Month May

Intermediate-Term
MSFG Current: 3%
F0%/NTZ' Bias: Price Above,
MSFG Trend: Up.

YSFG Year 2026

Long-Term
YSFG Current: 20%
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 2.592,
4. Pvt. Next: Pvt High 3.358,
5. Levels R: 12.607, 9.488, 4.753, 4.466,
6. Levels S: 2.592, 1.337.

Weekly Benchmarks

(Short-Term) 5 Day: 2.805 Down Trend,
(Short-Term) 10 Day: 2.992 Down Trend,
(Intermediate-Term) 20 Day: 2.834 Down Trend,
(Intermediate-Term) 55 Day: 2.710 Up Trend,
(Long-Term) 100 Day: 2.564 Up Trend,
(Long-Term) 200 Day: 3.723 Down Trend.

Recent Trade Signals

30 Apr 2026: Long NG 06-26 @ 2.763 Signals.USAR.TR120
30 Apr 2026: Short NG 06-26 @ 2.642 Signals.USAR-WSFG

Overall Rating

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

Key Insights Summary

Weekly natural gas is trading in a recovery phase after a sharp early-2026 selloff and rebound from the 1.337 swing low. Price is sitting near the lower end of the 2026 yearly grid and just above the recent pivot support zone, while the short-term pivot trend remains down. The weekly fib grid is still aligned positively above the F0% line, which keeps the broader near-term structure constructive even as momentum has cooled. The medium-term backdrop is mixed: price is below the 20-day benchmark but above the 55-day and 100-day averages, showing a market that has improved from bearish extremes but has not fully reclaimed trend control. The 200-day benchmark remains above price, reinforcing the longer-range overhead supply. Recent signals reflect that split, with both a long and a short triggered in close proximity, matching a choppy transition zone rather than a clean directional breakout.