Archive · 29 Jul 2025
Natural Gas Prices: Facing Crucial Support Level
The price of natural gas has gone down recently.
It hit a low point and is trying to go back up.
Right now, it's trading at ₹272.
If it can go above ₹276, it might go up to ₹287 and even ₹300.
If it can't get past ₹276, it could fall further, potentially going down to ₹220 or even ₹200.
Traders should watch closely to see what happens next before making any moves.
Natural Gas futures prices have declined approximately 24% since mid-June.
The contract is currently trading at ₹272 per mmBtu.
Crucial support is around ₹258; resistance is around ₹276.
Breaking ₹276 could lead to a rise to ₹287, then ₹300.
Failure to breach ₹276 might cause prices to fall to ₹220-₹200.
- Who
- Financial analysts and traders.
- What
- Analysis of Natural Gas futures contract price on MCX.
- When
- Analysis as of July 29, 2025.
- Where
- Multi Commodity Exchange (MCX).
- Why
- To determine potential price movements and trading strategies for Natural Gas futures.
- Current Price
- ₹272 per mmBtu
- Recent High
- ₹359.20 per mmBtu (mid-June)
- Recent Low
- ₹259.50 (Monday)
- Support Level
- ₹258
- Resistance Level
- ₹276