Natural gas futures on India’s Multi Commodity Exchange (MCX) have accelerated their downward trajectory, with the July contract shedding nearly 12% of its value since the start of the month.
Prices are currently hovering around ₹275 per million British thermal units (mmBtu), reflecting persistent selling pressure that has kept the commodity well off recent highs.
Technical analysts are maintaining a bearish outlook, advising traders to retain short positions.
The consensus view points to a potential decline toward the ₹250 level, suggesting that the current momentum favors sellers.
Market participants are urged to adjust stop-loss levels to manage risk as the contract tests lower support zones.
This repricing follows a period of consolidation where prices had previously stalled, leaving traders uncertain about the next directional move.