Natural Gas price is retaining its momentum and continues to move up in line with our expectation. The Natural Gas Futures Contract traded in the Multi Commodity Exchange (MCX) is heading up towards ₹410 as was mentioned in this column last week. The contract has surged over 6 per cent in the past week and is currently trading at ₹399 per mmBtu.
Outlook
The uptrend is intact and strong for the MCX Natural Gas Futures contract. Immediate support is at ₹387. Below that, ₹370 and ₹365 are the next important supports. The MCX Natural Gas Futures contract has potential to target ₹430-435 on the upside in the coming weeks.
In case the contract declines below the immediate support level of ₹387, a fall to ₹370 or ₹365 can be seen. However, the broader uptrend will come under threat only if the contract breaks below ₹365 decisively. In that case, the MCX Natural Gas Futures contract can fall to ₹345 thereafter.
But considering the momentum of the recent rally, the chances of a fall below ₹365 is unlikely. A strong negative trigger might be needed to drag the price below ₹365. As such we can look for the upmove to extend towards ₹435 in the coming weeks.
Trade Strategy
Traders can go long now at ₹399 and accumulate on dips at ₹390. Keep the stop-loss at ₹376. Trail the stop-loss up to ₹402 as soon as the contract goes up to ₹408. Revise the stop-loss up to ₹412 and ₹423 when the price touches ₹419 and ₹428 respectively. Exit the long positions at ₹432.
Published on November 10, 2025
