Natural Gas Price Prediction for Next Week

Natural Gas Price Prediction for Next Week (17th - 21st March 2025)

The technical forecast for Natural Gas Futures (MCX) appears to be shifting from an uptrend to a sideways to negative phase. The price has lately encountered resistance near 381.7 and is currently indicating weakness by breaking below a short-term ascending trendline. This implies a possible shift in momentum, as the price struggles to maintain higher highs. The appearance of several rejection wicks at higher levels adds to the rationale that buyers are losing strength. The price is currently testing important support at 357.7, and a sustained fall below this level might continue the decline.

Natural gas slipped this week as warmer U.S. weather forecasts weakened demand expectations. NG prices surged earlier in the month amid storage concerns but quickly retreated as milder weather dampened sentiment. After a 20% rally, prices are now undergoing a correction, with shifting weather patterns driving the latest sharp pullback.

Furthermore, the RSI is exhibiting bearish divergence, indicating decreasing momentum, and the latest red candles reflect increased selling pressure. Moving averages, particularly shorter-term ones, are beginning to flatten, indicating a potential consolidation or further decrease. If the price fails to retake and maintain above 357.7, it may fall to the next support levels at 334.2 and 305. Until buyers enter with large volumes, the bias remains sideways to bearish.

Gold Price Forecast for Next Week: Get the latest prediction for gold prices to guide better investment decisions.

Crude Oil Price Forecast for Next Week: Explore the anticipated price range for crude oil in the upcoming week.

Silver Price Prediction for Next Week: Stay informed with next week's forecast for silver prices to track market trends effectively.

Copper Price Forecast for Next Week: Prepare for the upcoming week with valuable insights into copper price movements.

Also read about nifty prediction today, bank nifty prediction for tomorrow and Indian stock market prediction for next week, including with range, support, and resistance levels.

Prediction given by Technical Research Team - Choice