Natural Gas prices have been moving up very well over the last three weeks. The Natural Gas Futures contract traded on the Multi Commodity Exchange (MCX) has surged about 24 per cent from the low of ₹235 per mmBtu made in April. It is currently trading at ₹292 per mmBtu.OutlookThe recent rise is happening from near a strong trendline resistance. So, this in a way indicates that the downtrend that was in place since January could have come to an end.Support is at ₹280. Immediate resistance is at ₹294. Failure to breach ₹294 on its first attempt can trigger a corrective fall to ₹280 this week. However, a fall below ₹280 is less likely. So, we can expect the price to reverse higher from around ₹280. This leg of rise will have the potential to take the MCX Natural Gas contract higher to ₹310 and even ₹325-₹330.This rise can happen straight away if the contract breaks above ₹294 from here itself.The contract will come under pressure for a fall to ₹270-₹265 only if it breaks below ₹280. But as mentioned above, this is less likely.Trade StrategyTraders can wait for dips. Go long at ₹288 and ₹282. Keep the stop-loss at ₹273. Trail the stop-loss up to ₹291 as soon as the contract goes up to ₹296. Revise the stop-loss higher to ₹297 and ₹302 when the price touches ₹301 and ₹307 respectively. Exit the long positions at ₹310.Published on May 18, 2026