Natural Gas Price Prediction for Next Week (20th July - 24th July 2026)

| Support 2 | Support 1 | CMP | Resistance 1 | Resistance 2 |
|---|---|---|---|---|
| 257.90 | 270 | 281.50 | 298.50 | 308.10 |
NYMEX Natural Gas prices declined around 2% this week, underperforming other energy benchmarks as abundant domestic supply offset the impact of rising geopolitical tensions in the Middle East. US gas inventories increased by 41 billion cubic feet in the week ended July 10, supported by stronger-than-expected storage injections. Ongoing outages at the Freeport LNG export facility in Texas limited export flows, leaving more gas available for the domestic market. Production in the Lower 48 states also edged higher to 110.2 bcf per day in July, while near-record solar and wind power generation reduced demand for gas-fired electricity. However, prices emained under pressure despite escalating US-Iran tensions disrupted tanker movements through the Persian Gulf. Supply concerns intensified after Qatar suspended expansion plans following an attack on one of its LNG tankers near the Strait of Hormuz, keeping European and Asian gas markets well supported.
Natural gas price has traded back & forth over the course of the week, settled on slightly positive bias at 281.50, up by +0.61%. After a drop of last week, the price has consolidated in between the 275 to 285 range this week. On the upside, crucial resistances would be at 50 and 200-DEMA levels placed at 293.20 and 298.60, respectively. On the other side, Key support would be at 270. Along with a price consolidation, Ol level has fallen to 30,680 lots, suggesting position covering and no major buildup at current levels. RSI level remained to 40 - 45 on Daily as well as Weekly chart.
We are expecting Sideways trend in Natural gas in the upcoming week and traders may look for breakout of either side level for trade opportunity.
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Prediction given by Technical Research Team - Choice



