NG Short — $NGM26 breakdown through 2.80 support on heavy volume

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NG Short — $NGM26 breakdown through 2.80 support on heavy volumeHenry Hub Natural Gas FuturesNYMEX:NG1!ivvixSetup: The 4h chart shows a persistent downtrend from 3.60 in early March, with a brief recovery rally into the 2.85-2.90 zone that has now reversed sharply. The 1h chart shows price grinding up to 2.90+ over Apr 21-22, then failing hard this session — the Apr 23 07:00 bar opened at 2.811, pushed down to 2.778, and closed at 2.781 on the highest volume of the recent sample (15,172). That is a decisive breakdown candle reclaiming nothing, confirming the rejection of the 2.85-2.90 resistance shelf and breaking below the 2.80 pivot that had acted as support. Flow: Natural gas is the session's standout bear at -2.83% on elevated volume, hitting all three bearish feeds. The broader tape is risk-off with commodities under pressure from a modest DXY bid. The immediate catalyst is Natural Gas Storage in ~39 minutes — a storage build above expectations would extend this leg sharply and aligns with the short thesis. Bearish momentum is being supplied, not faded. Plan: Stop sits above the breakdown candle's open and the prior 2.80 support-turned-resistance zone — a reclaim there invalidates the breakdown thesis. Target is the Apr 13-14 congestion lows near 2.72, which also represents the floor of the prior multi-day base. The setup is disqualified if price reverses back through 2.815 before the storage print, or if the storage number comes in below expectations and triggers a sharp short-cover squeeze. 📍 Entry: 2.781 🛑 Stop: 2.815 🎯 Target: 2.72 ⚖️ R:R: 1.79