Natural Gas Price Prediction for Next Week

Natural Gas Price Prediction for Next Week (10th Aug- 14th Aug 2026)

U.S. Natural gas prices fell around 4% to $2.70/MMBtu, near their lowest level since April, pressured by a larger-than-expected storage build and strong domestic production. The EIA reported a 33 Bcf injection for the week ended July 31, above expectations of 31 Bcf, last year's 13 Bcf build and the five-year average of 23 Bcf. Lower 48 dry gas output remained near record highs at around 110.6-110.7 Bcfd in August, limiting concerns over supply. Inventories stayed in surplus despite above-normal summer temperatures, offsetting expectations of stronger weather-driven demand through August 21. Meanwhile, LNG export flows edged higher, while disruptions from key exporters such as Qatar kept global gas markets tight. Competition with Asian buyers and Europe's need to replenish inventories ahead of winter continued to provide some underlying support.

MCX Natural Gas prices continued to remain under pressure, declining by around -5% over the week and closing at 256.1, near the 200 DEMA at 255.4 whereas below the 20, 50 and 100 DEMA, placed at 284.8, 282.1 and 271.5 respectively, indicating that the short- to medium-term trend remains weak. Momentum indicators continue to indicate weakness. The RSI is placed at 33.42, while its average is around 35.75, keeping momentum in the lower zone and reflecting weak buying strength. RSI is approaching the oversold territory, indicating that some short-term stabilization or recovery cannot be ruled out near support. On the derivatives front, Open Interest has gradually increased at 60,890 lots along with falling prices, indicating increasing participation on the downside and keeping the bearish bias intact.

We may expect to witness a sideways-to-bearish movement in the near term, and traders should remain cautious around support zone as a sustained break could keep downside pressure intact.

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Prediction given by Technical Research Team - Choice