A recent short-covering bounce in natural gas has stalled, aligning with a broader bearish fundamental outlook driven by high storage and strong production. The failed breakout trigger confirms upside momentum exhaustion, offering a pullback short entry. With structural oversupply still dictating the macro trend, this setup anticipates a reversion back toward recent support as the bounce fades.

📍 Entry: 2.765
🛑 Stop: 2.815
🎯 Target: 2.710
⚖️ R:R: 1.10