Natural Gas prices continue to trade higher. The Natural Gas Futures contract traded on the Multi Commodity Exchange (MCX) rose to a high of ₹416 per mmBtu last week and has come down from there. It is currently trading at ₹397 per mmBtu.
Outlook
The broader uptrend is intact. However, the strong reversal from ₹416 last week keeps the chances high to see a corrective fall in the near term.
Intermediate resistance is between ₹403 and ₹405. Failure to rise above ₹405 from here can trigger a corrective fall to ₹380 or even ₹375-370. However, a fall beyond ₹370 is unlikely. Fresh buyers are likely to come into the market in the ₹380-370 region and limit the downside.
As such a fresh rally from the ₹380-370 region can have the potential to take the MCX Natural Gas Futures contract up to ₹440-445 in the coming weeks.
If the contract manages to sustain above ₹380 now, then the rise to ₹440-445 mentioned above can happen quickly from here itself.
Trade Strategy
Last week we suggested to go long at ₹399. The trailing stop-loss at ₹402 would have got triggered.
Traders can avoid fresh long positions immediately. Instead, wait for dips. Go long at ₹390, ₹382 and ₹374. Keep the stop-loss at ₹358. Trail the stop-loss up to ₹393 as soon as the contract goes up to ₹403. Revise the stop-loss higher to ₹405, ₹415 and ₹420 when the contract touches ₹412, ₹422 and ₹428 respectively. Exit the long positions at ₹435.
Published on November 17, 2025
