Natural Gas Prediction for Monday, 2 November 2026
- October 30, 2026
- Posted by: Kunal Singla
- Category: Uncategorized
Natural Gas traded at Rs 277.00 per mmBtu on MCX, down 1.70%, on the 24 November 2026 futures. Nifty 50 rose 0.51%. India VIX rose 1.19% to 15.30. Next session is Monday, 2 November.
Quick Answer
The natural gas prediction for monday is mildly cautious for Monday, 2 November 2026. Natural gas traded at Rs 277.00 per mmBtu on the 24 November futures, down 1.70 percent, and sits below the previous close of 281.80. The price traded between 276.00 and 280.00, so it never reached the previous close.
This natural gas prediction for monday follows a Friday, 30 October 2026 session in which natural gas futures on MCX fell 1.70 percent on the 24 November contract and closed well below the previous close of 281.80.
Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, are tracking natural gas and global cues through the weekend, with the next trading session on Monday, 2 November 2026.
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What Friday Told Us
- Natural Gas traded at Rs 277.00 per mmBtu, down 1.70 percent on the 24 November 2026 futures, with a high of 280.00 and a low of 276.00.
- Nifty 50 rose 0.51 percent.
- India VIX rose 1.19 percent to 15.30.
Natural Gas Prediction for Monday: Key Levels
Natural Gas (24 November 2026 futures) traded between 276.00 and 280.00 on Friday, against a previous close of 281.80, and settled at 277.00. On the downside, 276.00 is the first reference level to watch if the day’s move is tested. On the upside, 280.00 and 281.80 mark the nearest resistance. Univest’s analysts treat these as reference points drawn from Friday’s trading range, not as targets.
| Trend | Support | Resistance |
|---|---|---|
| Negative | 276.00 | 280.00, 281.80 |
MCX contracts keep trading into the evening, so the last traded price can differ from the figures above by the time you read this. The levels here use the 24 November 2026 contract.
For traders, this natural gas prediction for monday is a framework for planning risk, with position size and stop levels left to the individual.
Key Drivers for Monday
- Natural gas fell 1.70 percent on the MCX 24 November contract, with a high of 280.00 and a low of 276.00.
- The price closed within 1.00 of the day’s low, so sellers held control into the close.
- Weather forecasts and global LNG signals drive short-term moves in gas prices.
Ankit Jaiswal and Kunal Singla suggest revisiting this natural gas prediction for monday after the first thirty minutes of Monday’s trade.
Anyone following this natural gas prediction for monday should keep the next session’s opening range in view before reading too much into early moves.
Nothing in this natural gas prediction for monday is a promise of returns, and every level quoted can fail.
What to Watch Alongside Natural Gas
Gujarat State Petronet, Indraprastha Gas and other gas-linked stocks can react when gas prices move sharply, though Univest is not tracking a specific stock move today. Oil and Natural Gas Corporation also has gas production exposure and fell 0.18 percent.
How Friday’s Broader Session Unfolded
The Nifty 50 closed at 23,053.10, up 0.51 percent, with a high of 23,118.10 and a low of 22,905.10. The Sensex closed at 74,459.53, up 0.42 percent, while the Bank Nifty closed at 54,686.95, down 0.41 percent. India VIX, the market’s fear gauge, rose 1.19 percent to 15.30, after ranging between 14.47 and 15.70 during the session. The Nifty 50 gained about 2.0 percent over the week from last Friday’s close of 22,600.00 and is about 0.4 percent below its close of 23,146.15 on 16 October. The Nifty Midcap 50 fell 0.86 percent and the Nifty Next 50 fell 0.61 percent, so the broader market lagged the headline index. Nifty IT rose 2.32 percent and Nifty Pharma rose 1.55 percent, while Nifty PSU Bank fell 0.93 percent and Nifty Auto fell 0.87 percent. The trigger for the split between large and broader stocks was not independently confirmed.
Univest’s analysts suggest treating this natural gas prediction for monday as a preparation note for Monday, 2 November 2026, rather than a signal that changes over the weekend.
Analyst View for Monday
Kunal Singla suggests that natural gas needs to reclaim 280.00, Friday’s high, to improve the tone, and a break below 276.00 would open fresh lows.
Ankit Jaiswal flags that natural gas is among the most volatile contracts, so traders should keep position sizes small and stay alert to a weekend gap on Monday.
This natural gas prediction for monday will be most useful when read alongside the support and resistance table above.
Why This Is Written for Monday
This natural gas prediction for monday is written after the close on Friday, 30 October 2026, using Friday’s closing data, for the next regular trading session on Monday, 2 November 2026. Indian equity markets are closed on Saturday, 31 October, and Sunday, 1 November, so Friday’s closing prices remain the last cash-market data until trading resumes on Monday. Treat it as a briefing to prepare for that session, not a live call that updates over the weekend.
MCX futures trade late into Friday night and then pause for the weekend, so global moves after Friday’s close can open Monday with a gap.
A fair reading of this natural gas prediction for monday is that Friday’s data sets the context, while Monday’s first hour decides how much of it carries forward.
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Risks to This Prediction
- A mild-weather forecast or supply increase could pull gas prices lower at the open.
- Natural gas is among the most volatile contracts on MCX, so a bounce can be as sharp as the fall.
- The price failed to reach the previous close of 281.80 during the whole session.
Readers comparing views should note that this natural gas prediction for monday draws only on Friday’s closing numbers and the factors listed here.
As with any natural gas prediction for monday, the opening minutes of Monday’s trade will confirm or challenge the levels discussed here.
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The natural gas prediction for monday also depends on India VIX, so a fresh rise in volatility would weaken the case made here.
Conclusion
The natural gas prediction for monday leans mildly cautious into 2 November 2026, with global cues and the US Dollar Index as the key variables to track. Ankit Jaiswal and Kunal Singla will revisit this view once Monday’s opening trade confirms direction.
Disclaimer: Investments in securities are subject to market risk. Read all related documents carefully before investing. The information provided here is for educational purposes only and does not constitute investment advice. Univest is a SEBI-registered investment adviser (Registration No. INH000013776). Past performance is not indicative of future returns.
Frequently Asked Questions
What is the natural gas prediction for monday?
Ans. It is mildly cautious for 2 November 2026, after Natural Gas traded at Rs 277.00 per mmBtu on Friday, down 1.70 percent.
Why is this a prediction for Monday, 2 November 2026?
Ans. Because Indian equity markets are closed on Saturday and Sunday, so the next regular trading session after Friday, 30 October 2026, is Monday, 2 November 2026.
Why did natural gas fall on Friday?
Ans. Natural gas fell 1.70 percent on the MCX 24 November contract. The specific trigger was not independently confirmed.
What are the key levels for natural gas on Monday?
Ans. Friday’s low of 276.00 is the nearest support below the price. Friday’s high of 280.00 and the previous close of 281.80 are the nearest resistance.
Is this a buy or sell call?
Ans. No. This is an educational outlook from Univest’s research team, not a buy or sell call. Traders should check any view against their own risk plan before acting.
