Natural Gas prices have come down in the past few days. The Natural Gas Futures contract traded on the Multi Commodity Exchange (MCX) touched a high of ₹303.40 per mmBtu on Wednesday last week, and has tumbled about 10 per cent from there. It is currently trading at ₹274 per mmBtu.OutlookThe fall below ₹280 is a negative. That indicates that the upmove in place since late April this year has reversed. The region around ₹280 will now act as a good resistance.As long as the contract stays below ₹280, the bias will remain negative. MCX Natural Gas futures contract can fall to ₹255 in the short term.To avoid this fall, the contract has to rise above ₹280 first, and then get a subsequent break above ₹290. Only then will the upside remain open to see ₹300 and higher levels. But such a strong rise looks less likely.Trade StrategyTraders can go short now at ₹274. Add more shorts on a rise at ₹278. Keep the stop-loss at ₹284. Trail the stop-loss down to ₹271 as soon as the contract falls to ₹268. Revise the stop-loss down to ₹267 and ₹264 when the price touches ₹265 and ₹261, respectively. Exit the shorts at ₹258.Published on May 25, 2026