Natural Gas Price Prediction for Next Week (11th - 15th May 2026)
| Support 2 | Support 1 | CMP | Resistance 1 | Resistance 2 |
|---|---|---|---|---|
| 240 | 253 | 260.5 | 276 | 290 |
NYMEX natural gas futures ended the week on a positive note, supported by persistent uncertainty over peace efforts in the Middle East and concerns over global LNG supply disruptions. Market sentiment remained volatile after the US said its forces struck Iranian military facilities in response to attacks on guided-missile destroyers transiting the Strait of Hormuz. However, some relief emerged after President Donald Trump stated the ceasefire remained in place, while Iranian state television reported that conditions had returned to normal. The developments came as Washington continued diplomatic efforts and awaited Iran's response to a proposal aimed at reopening the strategic waterway. The near-closure of the Strait of Hormuz has disrupted nearly one-fifth of global LNG supply, tightening global gas availability and intensifying competition for cargoes, particularly in Europe, which is racing to rebuild inventories ahead of winter demand.
MCX Natural Gas Futures prices witnessed a sideways-to-bearish movement over the week, declining nearly -8% and closing around 260.5. Technically, prices are currently trading below the 20-50 DEMA placed at 266.70 and 268.3 respectively, while continuing to hold above the 100-200 DEMA levels positioned at 243.70 and 204.50, indicating short-term weakness despite broader medium-term support remaining intact. Ol increased by nearly 9500 lots along with sideways-to- bearish price action, indicating fresh short build-up in the market. Volume activity also remained elevated during the decline phase, reflecting active participation from sellers amid cautious market sentiment. On the indicator front, RSI is placed near 44.20, while the RSI moving average is around 42.99, suggesting weak momentum with prices still trading in a bearish zone below the neutral 50 mark.
The overall trend continues to remain under pressure, and any reversal from current resistance zones may keep downside risk active. A decisive breakdown below immediate support levels could lead to further downside pressure in the coming sessions.
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Prediction given by Technical Research Team - Choice
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