Natural Gas Technical Analysis – March 2025
Current Market Overview:
Instrument: Natural Gas Futures (MCX)
Time Frame: 3-Hour Chart
Current Price: ₹382.6 (+1.22%)
Day’s Range: ₹374.7 – ₹385.9
Natural Gas Key Levels & Trend Analysis:
1. Short-Term Targets:
- ₹365 – This level has been tested as a strong support in the recent pullback. If the price sustains above it, further upside momentum is expected.
- ₹346 – Another crucial support level; any breakdown below this can trigger a short-term correction.
2. Support Zones:
- ₹330 – A critical short-term support level where buyers may re-enter if there is a retracement.
- Latest Support (₹293 – ₹287) – This area has acted as a strong base, preventing further downside.
- Major Support (₹259 – ₹250) – If the price falls significantly, this is the last strong support zone.
3. Resistance & Main Target:
- ₹412.8 – ₹420 – ₹427.8 (Major Resistance Zone):
- The main target of ₹410 is very close to the resistance levels.
- If the price sustains above ₹400, the next resistance will be in the range of ₹412 – ₹420, which can act as a supply zone.
- A breakout above ₹427.8 may trigger a strong bullish rally.
Commodity NG March Future Sentiment & Projection:
- Bullish Outlook: The price has broken above the recent resistance zones, indicating bullish momentum.
- Caution for Retracement: If natural gas faces rejection near ₹400, a pullback toward ₹365 or ₹346 could be possible.
- Breakout Confirmation: A strong close above ₹410-₹412 will confirm further uptrend potential toward ₹427.
Conclusion:
Natural gas is currently trading in an uptrend, with ₹410 as the main target. However, traders should monitor support at ₹365 & ₹346 to confirm further movement. A breakout above ₹412-₹420 can push prices higher, while failure to sustain may lead to a correction.
अमेरिका में प्राकृतिक गैस की कीमतों में उछाल
सोमवार को यू.एस. नेचुरल गैस फ्यूचर्स में तेजी देखी गई, जिसमें कीमतें $3.98 प्रति MMBtu पर पहुंच गईं। यह वृद्धि मुख्य रूप से एलएनजी निर्यात और उच्च मांग के कारण हुई।
Natural Gas Price Analysis and Outlook
As of February 14, 2025, natural gas (NG) prices have exhibited significant volatility, influenced by various market dynamics.
Technical Analysis
- Current Price Range: The latest support level for NG prices is identified between ₹286 and ₹293 per unit.
- Major Support Level: A more substantial support zone exists between ₹250 and ₹260, indicating strong buying interest at these levels.
- Major Resistance Level: On the upside, significant resistance is observed between ₹410 and ₹420, which may act as a barrier to price increases.
प्राकृतिक गैस के दाम आसमान पर
Why Natural Gas Prices May Rise?
- High Demand from Data Centers: Tech companies like Microsoft and Meta are expanding data centers, increasing electricity needs.
- Cold Weather & Heating Needs: Freezing temperatures in the U.S. have led to higher natural gas consumption for heating.
- Higher Price Forecasts: The U.S. Energy Information Administration (EIA) raised its 2025 price estimate from $3.10 to $3.80 per MMBtu.
- Rising LNG Exports: Increased exports are leading to a 6% price jump in futures as demand grows globally.
Future Outlook
- Rising LNG Demand
- Shift Toward Cleaner Energy
- Industrial & AI Energy Demand
- Price Forecasts & Investment Opportunities
Natural gas remains crucial in power generation, industrial processes, and emerging hydrogen technology, making it a key player in the global energy landscape.
Bhagavad Gita of Share Market Trading 2025 | शेयर बाजार की भगवद गीता, हर ट्रेडर के लिए