Natural Gas Price Prediction for Next Week (5th October - 09th October 2026)
| Support 2 | Support 1 | CMP | Resistance 1 | Resistance 2 |
|---|---|---|---|---|
| 268.50 | 280 | 288.10 | 300.40 | 314 |
US Natural gas prices declined around 5% WoW, pressured by expectations of stronger production and relatively mild weather limiting heating and cooling demand. The EIA reported a 64 Bcf storage build for the week ended September 25, in line with forecasts but below the five-year average of 80 Bcf. Lower-48 production averaged a record 113.3 bcfd in September, despite a temporary disruption that briefly reduced output. Meanwhile, LNG feedgas demand rose to 17.9 bcfd from 17.2 bcfd in August, while US LNG exports reached 10.9 Mt, with Europe receiving 54% of shipments. Softer Asian LNG demand and higher US supplies supported European availability. However, EU storage remained below seasonal norms at around 71%, keeping the market vulnerable to geopolitical and shipping disruptions around the Strait of Hormuz.
MCX Natural Gas prices witnessed a correction after the recent up move, with the weekly low at 285.30 and close at 288.10. Prices are trading slightly below the 20 DEMA at 289.10, while sustaining above the 50, 100 and 200 DEMA, placed at 286.30, 285.70 and 268.50, respectively. This indicates a mixed near-term setup, with short-term weakness but the broader trend still relatively supportive. Open interest increase at 54,250 lots along with the decline in prices, indicating fresh participation on the downside. The RSI stands at 50.48, reflecting neutral momentum.
Overall, the trend appears moderately bearish in the short term, with prices likely to remain volatile. Traders should closely monitor the support zone, as a sustained hold could trigger a pullback.
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Prediction given by Technical Research Team - Choice
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6 October 2026
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