Natural Gas Price Prediction for Next Week

Natural Gas Price Prediction for Next Week (9th - 13th February 2026)

Natural gas prices dropped more than 20% on both MCX and Comex during the week, pressured by improving supply conditions and a sharp shift in weather expectations. After last week's Arctic blast, forecasts turned markedly warmer across key consuming regions, especially the northeastern US, reducing near-term heating demand and triggering heavy selling. Traders evaluated a record 360 Bcf withdrawal from US underground storage last week, compared with a 143 Bcf surplus in the prior week. Production also began to recover, with Lower 48 output rising to around 106.6 bcfd in early February. Higher flows to US LNG terminals lifted near-term export expectations, while forecasts of a fresh cold snap across northern and eastern Europe improved heating demand prospects. Additionally, In Europe, weak wind generation increased reliance on gas-fired power. Low storage levels continued to offer underlying support, with EU inventories at 39.2% versus 52% a year ago. Stocks were especially low in Germany (30.2%), France (29%), and the Netherlands (23.5%), with EU storage projected to fall to about 26% by end-March, implying strong summer refill requirements.

After making a high at 425 level on Budget day, MCX Natural gas February contract has experienced massive profit booking in the beginning of the week, made a bottom at 286.50. However, price has rebounded towards weekend and managed to settle at 31720. Price has closed right above the 20 and 50-DEMA levels placed at 316 and 311.60 respectively. If we see the continues charts, price is still below the 200-DEMA levels placed at 327.70 which will be the immediate resistance level. Breakout of this level will accelerate upward momentum in Natural gas price and next resistance would be at 357. On the downside, prev. week's low will be the immediate support level to look for and breakout of the same will put pressure in price towards 256.50. Looking at Ol, we can observe a further decline in Ol level to 9980 lots with recent price rebound of past couple of days which signifies that there is no new long positions coming-in and still there is a bearish biasness among the traders. RSI level remained declining, currently near to 50 on Daily chart. Also, we can observe a bearish crossover on MACD above Zero-line along side emergence of negative histogram.

We are expecting further Moderately Bearish trend in Natural gas and traders may keep an eye on key levels to breakout for the further course of price-action.

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Prediction given by Technical Research Team - Choice