Natural Gas Price Prediction for Next Week

Natural Gas Price Prediction for Next Week (3rd Aug- 07th Aug 2026)

NYMEX natural gas prices declined around 4% during the week as improving shipping conditions through the Strait of Hormuz and steady LNG arrivals into Europe eased supply concerns. Qatar dispatched its first LNG cargo through the waterway in over three weeks, while stable Norwegian pipeline flows further improved the supply outlook.In the US, the EIA reported a smaller-than-expected storage build, although robust Lower-48 gas production remained at a record 110.6 bcfd. LNG export demand softened slightly due to maintenance at Freeport LNG, while cooler weather forecasts across the central and eastern US reduced expectations for power demand. In Europe, gas storage remained about 55% full, below seasonal norms, as heatwaves limited inventory replenishment. Markets will continue monitoring renewed US-Iran tensions and potential disruptions to Persian Gulf energy infrastructure.

MCX Natural Gas prices remained under selling pressure during the week, declining around 6-7% and closing at 263, trading below the 20 DEMA (284.8) while remaining above the 50-100-200 DEMA placed at 259.2, 244.9, and 223.1 respectively, indicating that although the short-term trend remains weak, the broader medium-term structure is yet to break down. Open Interest (OI) increased at 53,680 lots, suggesting fresh positions were added during the recent decline. Prices continue to trade below the 20 DEMA, highlighting persistent near-term weakness, while holding above the 50-100-200 DEMA keeps the medium-term support structure intact. RSI is placed at 34.06, below its moving average at 38.23, indicating weak momentum and that the market is approaching the oversold zone. The sharp rise in Ol alongside falling prices reflects fresh selling pressure, making the upcoming support levels crucial for the next directional move.

Overall, Natural Gas remains under pressure in the short term, and traders should remain cautious around the key support levels..

Gold Price Forecast for Next Week: Get the latest prediction for gold prices to guide better investment decisions.

Crude Oil Price Forecast for Next Week: Explore the anticipated price range for crude oil in the upcoming week.

Silver Price Prediction for Next Week: Stay informed with next week's forecast for silver prices to track market trends effectively.

Copper Price Forecast for Next Week: Prepare for the upcoming week with valuable insights into copper price movements.

Prediction given by Technical Research Team - Choice