Natural gas (natgas) is struggling under a resistance band at $3.33 and $3.38, and repeated failures to clear those levels keep downside risk in focus. The weekly chart has printed a double inside week, a compression pattern that can precede a directional move either higher or lower. After breaking a long-term rising trendline in February, that former support is now acting as resistance while price remains below the 200-day moving average at $3.44, reinforcing a bearish setup.