Natural Gas Price Prediction for Next Week

Natural Gas Price Prediction for Next Week (30th March - 3rd April 2026)

MCX Natural Gas prices declined on a weekly basis, pressured by expectations that the latest EIA storage draw marks the final withdrawal of the winter season. Warmer-than-normal temperatures forecast through early April are reducing heating demand, while easing concerns over supply disruptions amid ceasefire developments in the US-Iran conflict also weighed on prices. EIA data showed a larger-than-expected withdrawal of 54 bcf for the week ended March 20, above the 44 bcf forecast, compared to a 33 bcf injection last year and a five-year average draw of 21 bcf. Stockpiles stood at 1,829 tcf, 5.2% above last year and 0.8% above average. Despite falling global LNG exports to a six-month low due to disruptions at the Strait of Hormuz and an outage at Qatar’s largest LNG facility, prices remained stable due to ample U.S. inventories. Donald Trump’s 10-day delay on Iran strikes raised hopes of de-escalation, even as Europe’s low storage (~28%) and potential Russian supply risks persist.

Natural gas price has inclined for past three consecutive sessions, closed last week on a positive note at 291.10. Natural gas remained indecisive for 2nd consecutive week, forming a Spinning top candle on a weekly chart. After having support over 269.80 in past week, Price has closed over 20-DEMA level placed at 284.90. However, price is still remained below its key moving averages i.e. 50 and 200-DEMA levels placed at 300.40 and 313.90 respectively. Daily SAR is also placed at 310.70 which will be crucial Resistance to look for. The momentum indicator, RSI levels remained between 45 - 50 on Daily, Weekly as well as Monthly chart.

We are expecting Sideways-to-Bullish trend in Natural gas in upcoming week and traders may look forward for Buy-on-dips opportunity.

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Prediction given by Technical Research Team - Choice