Natural Gas Prediction for Monday, 3 August 2026: MCX Natural Gas August futures Levels to Watch
- July 31, 2026
- Posted by: Avneet Dhamija
- Category: News
Natural Gas prediction for Monday, 3 August 2026: Rs 266.4 per mmBtu, +0.68% on Friday. Support Rs 264, resistance Rs 268. RBI MPC begins Monday.
The natural gas prediction for monday, 3 August 2026, centres on MCX Natural Gas August futures, which closed Friday at Rs 266.4 per mmBtu, up 1.8 points or 0.68% from Thursday’s close of Rs 264.6. Natural gas edged higher as US weather forecasts pointed to continued strong cooling demand, with the August contract holding above its recent base.
Univest analysts Ankit Jaiswal, Senior Research Analyst, and Kunal Singla, Associate Director, have built this natural gas prediction for monday using Friday’s MCX closing data and the broader macro calendar heading into next week. Ankit Jaiswal covers the technical structure while Kunal Singla layers in the demand and positioning context.
Natural Gas Closing Overview for the Prediction for Monday
- MCX Natural Gas August futures closed at Rs 266.4 per mmBtu on Friday, +0.68% versus Thursday’s Rs 264.6 close.
- Natural gas edged higher as US weather forecasts pointed to continued strong cooling demand, with the August contract holding above its recent base.
- The contract expires on 26 August, a date traders following this natural gas prediction for monday should track for rollover related volatility.
Natural Gas Technical Analysis for the Prediction for Monday
| Metric | Level |
|---|---|
| Friday Close | Rs 266.4 (+0.68%) |
| Support | Rs 264 / Rs 260 |
| Resistance | Rs 268 / Rs 272 |
| Contract Expiry | 26 August |
Ankit Jaiswal builds this natural gas prediction for monday around Rs 264 as the near term pivot; a hold above it keeps the setup constructive, while a break would open a path toward Rs 260. On the upside, a close above Rs 268 would put Rs 272 back in focus for this natural gas prediction for monday.
F&O Calendar for the Natural Gas Prediction for Monday
MCX Natural Gas August futures expires on 26 August, and Kunal Singla flags that positioning typically builds through the first half of the expiry week before rollover activity picks up. Traders following this natural gas prediction for monday should watch open interest changes around the RBI policy verdict, since rate and currency moves often spill into MCX pricing.
RBI Policy Week and Global Cues for the Natural Gas Prediction for Monday
The RBI Monetary Policy Committee meets from Monday, 3 August, to Wednesday, 5 August, with the repo rate decision due on the final day. The repo rate has held at 5.25 percent through three consecutive reviews, and most economists expect another hold.
Wall Street staged a sharp Thursday rebound, with the Nasdaq up 2.78 percent and the S&P 500 up 1.66 percent on Microsoft-led strength, a day after a Fed driven selloff. Brent crude eased to 89.03 dollars a barrel after an earlier spike above 93 dollars on Iran related strikes, and Gift Nifty August futures were trading near 24,422 on Friday morning.
Natural Gas Prediction for Monday: Trading Strategy
- Use Rs 264 as the near term pivot for this natural gas prediction for monday; a sustained hold above it keeps the setup constructive.
- A close above Rs 268 would be the trigger for a fresh long bias toward Rs 272.
- Keep position sizes measured ahead of Wednesday’s RBI verdict, since currency moves around the decision can spill into commodity pricing.
- Respect stop losses below Rs 260 rather than averaging into a losing position into the 26 August expiry.
Risks to the Natural Gas Prediction for Monday
- A stronger dollar following a hawkish RBI or Fed commentary could pressure this natural gas prediction for monday, particularly for gold and silver.
- Any fresh escalation in the Iran-US standoff could move crude oil and, by extension, the broader commodity complex sharply.
- Increased volatility is typical into the 26 August expiry as positions roll to the next month’s contract.
- A reversal in Thursday’s Wall Street rally when US markets trade Friday night could shift risk appetite across commodities before Monday’s MCX open.
Conclusion
This natural gas prediction for monday, 3 August 2026, points to MCX Natural Gas August futures holding a range between Rs 264 support and Rs 268 resistance as the RBI policy week begins. Ankit Jaiswal and Kunal Singla both flag the RBI verdict on Wednesday and ongoing Iran-US tensions as the dominant swing factors for the week. A close above Rs 268 would strengthen this natural gas prediction for monday, while a break below Rs 264 would call for caution.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
What is the natural gas prediction for monday, 3 August 2026?
Ans. The natural gas prediction for monday, 3 August 2026, points to MCX Natural Gas August futures holding between Rs 264 support and Rs 268 resistance, after closing Friday at Rs 266.4 per mmBtu.
What is MCX Natural Gas August futures’s support and resistance for Monday?
Ans. Support is at Rs 264 and then Rs 260. Resistance is at Rs 268 and then Rs 272, based on Friday’s close of Rs 266.4.
When does MCX Natural Gas August futures expire?
Ans. MCX Natural Gas August futures expires on 26 August. Traders following this natural gas prediction for monday should watch for rollover related volatility as that date approaches.
How will the RBI MPC meeting affect this prediction for Monday?
Ans. The RBI Monetary Policy Committee meets from 3 to 5 August, with the rate decision due Wednesday. Currency moves around the verdict can spill into MCX commodity pricing, particularly for gold and silver.
What do Ankit Jaiswal and Kunal Singla say in this natural gas prediction for monday?
Ans. Ankit Jaiswal expects MCX Natural Gas August futures to hold its recent range given Friday’s +0.68% move, while Kunal Singla flags the RBI verdict and global crude oil trends as the key triggers for the week.
Why did natural gas move higher on Friday?
Ans. Natural gas edged higher as US weather forecasts pointed to continued strong cooling demand, with the August contract holding above its recent base.
What are the key global cues for commodity markets next week?
Ans. Brent crude eased to 89.03 dollars a barrel on Thursday after an earlier spike above 93 dollars on Iran related strikes, and the RBI policy verdict on Wednesday is the dominant domestic trigger for the week.
Should traders take fresh positions in natural gas ahead of the RBI decision?
Ans. Univest analysts suggest keeping position sizes measured ahead of Wednesday’s verdict and recommend consulting a SEBI-registered financial advisor before making investment decisions.