Gas Prices Maintain Position above Crucial Support Level
In the financial world, the trend for MCX Natural Gas futures has been on a downward trajectory as of July 29-30, 2025. The prices have been fluctuating around the range of 3.03 to 3.05 USD/MMBtu, representing a decline of about 3% on July 30 and an 11% drop over the past month. However, it's important to note that these prices are still approximately 49% higher compared to the same time last year.
Analysts and forecast models predict a moderate recovery in the coming months, with Natural Gas prices projected to rise to around 3.23 USD/MMBtu by the end of Q3 2025 and further reaching about 3.69 USD/MMBtu within the next 12 months.
Currently, the price is consolidating between support levels near $2.88 and resistance areas around $3.20, indicating uncertainty and possible stabilization before a directional move. This consolidation could be a sign of potential stabilization before a significant move upwards or downwards.
Several factors are influencing this trend. Seasonal lower demand has contributed to recent price weakness, while upcoming U.S. API crude oil data could impact sentiment and potential production changes. The current bearish market tone is also a significant influencing factor, with a key support around $2.885 cited by experts, suggesting a cautious outlook near this level.
For traders, the MCX Natural Gas Futures contract is currently trading at ₹272 per mmBtu. A breakout either above ₹276 or below ₹258 could provide a trading opportunity. If the contract fails to breach ₹276, it could be vulnerable to breaking the support at ₹258. On the other hand, a break of ₹258 could be very bearish and potentially drag the contract down to ₹220.
However, if the contract breaches ₹276, it could potentially rise to ₹287 first. The significant resistance for the contract is around ₹276. It's crucial to keep an eye on the price action in the next few days to determine the next leg of the move for the MCX Natural Gas Futures contract.
The Natural Gas Futures Contract on Multi Commodity Exchange (MCX) reached a high of ₹359.20 per mmBtu in mid-June. Since then, the price has tumbled about 24%. The crucial support for the contract is around ₹258.
This article was published on July 29, 2025. Traders are advised to stay out of the market currently, as the price action in the coming days could significantly impact the direction of the contract.
Sources: [1] Analyst Forecasts [2] Market Factors [3] Technical Analyses [4] Expert Opinions
- The MCX Natural Gas futures contract's current trajectory, as of July 29-30, 2025, is a focus of attention among financial analysts, who forecast a moderate recovery in the coming months, reaching 3.23 USD/MMBtu by the end of Q3 2025 and further rising to 3.69 USD/MMBtu within the next 12 months.
- In the business of energy investing, the fluctuating prices of MCX Natural Gas futures, which are currently trading at ₹272 per mmBtu, provide ample opportunities for strategic trading, with potential breakouts either above ₹276 or below ₹258 that could significantly influence the direction of the contract.
- Financing a subscription to industry-relevant data and analysis would help investors and traders stay informed about market movements, such as the current consolidation of the Natural Gas prices between support levels and resistance areas, which could indicate potential stabilization before a directional move.
- The energy industry's current trend, fueled by factors like seasonal lower demand, upcoming crude oil data, and a bearish market tone, is being closely monitored by experts who observe key support or resistance levels, such as the important support level of $2.885 USD/MMBtu or the significant resistance of ₹276 in the MCX Natural Gas Futures contract.
