Natural Gas Price Prediction for Next Week

Natural Gas Price Prediction for Next Week (6th  - 10th October 2025)

Natural gas prices remained volatile, influenced by fluctuating weather patterns and seasonal demand shifts. The market experienced upward pressure due to anticipated colder weather, which could increase heating demand. However, the overall impact was tempered by concerns over potential oversupply and storage levels.

MCX Natural Gas October contract showed a 10% upmove over the week, making a high of 310 before settling at 298.3, with Friday's session witnessing profit booking and forming a bearish inside bar candle. This pattern indicates potential continuation of the broader short-term downtrend unless prices sustain above the 310–320 resistance zone. The short-term trend remains sideways to marginally bullish; however, unless a breakout above 320 is seen, the longer-term bearish pressure is likely to persist.

NYMEX Natural Gas formed an Evening Star pattern near recent highs, indicating a short-term reversal. Prices fell by 6% from the weekly high of $3.72, closing the week at $3.51. This coincides with a 20–200 DEMA crossover, signaling a possible shift in momentum and trend.

Currently, MCX Natural Gas trades below all key moving averages, with 20–50 DEMA near 300, and 100–200 DEMA acting as major resistances at 320 and 340 respectively. The price failed to sustain above these levels, confirming overhead supply. Open Interest remained unstable, fluctuating around 3,000 lots, reflecting cautious market participation.

The technical indicators support a moderately bearish bias. Price remains below the 50, 100, and 200 DEMA, while the MACD is in bearish crossover with negative histograms. The Daily RSI at 53.93, although slightly above neutral, has turned down from overbought territory, indicating loss of momentum. Volume spiked on down days, and recent candlesticks reflect selling at higher levels, supporting weakness.

A directional bias is emerging, with prices likely to head lower if prices sustain above 310, a move towards 320 is likely. However, a break below 290, which aligns with the 20 DEMA support, may trigger downside momentum towards 280 and potentially 265 if 275 is breached. Confirmation of breakout or breakdown from the resistance or support range should be awaited for directional trades.

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Prediction given by Technical Research Team - Choice