NATGAS: Downtrend Intact as Buyers Attempt a ReboundNatural Gas (XNGUSD, NATGAS)CAPITALCOM:NATURALGASProfessorSingaporeOn the supplied 1-hour chart, price is near $3.10, below the 50-period SMA ($3.11), 200-period EMA ($3.23), and 200-period SMA ($3.30). Lower highs and lower lows keep the broader technical bias bearish. MACD shows easing selling pressure: its histogram has turned positive, while both lines remain below zero. RSI is near neutral, and Stoch RSI is elevated. Together, these signals suggest a recovery within the downtrend, rather than a confirmed reversal. An elevated Stoch RSI alone is not a sell signal. The weekly fundamental backdrop remains mixed. Mild weather limits heating demand, while production remains high. However, the latest reported storage injection was 77 Bcf versus a five-year average build of 87 Bcf, narrowing the inventory surplus to approximately 1%. Resilient LNG demand provides some support. Conditional short setup: Wait for a 1-hour close below $3.05, followed by a failed retest from underneath. The nearest target is $3.018, with a stop above the actual retest high. Given the limited distance to support, take the trade only if the potential reward is at least twice the risk after costs. Otherwise, skip the entry. A sustained recovery above $3.15 would improve the short-term structure and put $3.226–3.23 back in focus. For an open short, the retest-based stop remains the exit level. ⚠️ Not financial advice.