Natural Gas Price Prediction for Tomorrow: MCX Levels and Outlook for Monday 24 August 2026

The natural gas price prediction for Monday follows a modest +2.03% recovery on 21 August 2026 after yesterday's 3.26% crash. MCX Natural Gas opened at Rs 263.90, touched Rs 266.80, held a low of Rs 262.50, and settled at Rs 266.40. Ankit Jaiswal, Research Analyst at Univest, notes that this recovery is a short-covering bounce from deeply oversold conditions, not yet a trend reversal in the natural gas price prediction for Monday.

Kunal Singla, Research Analyst at Univest, observes that the natural gas price prediction for Monday faces competing forces: oversold RSI (recovering from 32 to 35 yesterday toward 38 to 40 today) provides short-covering support, while fundamentals (above-average US gas inventory builds and tapering summer cooling demand) remain bearish. The natural gas price prediction for Monday will be definitively shaped by this week's US EIA storage report.

Click Here – Get Free Investment Predictions

Today's Market Recap: Natural Gas on 21 August 2026

• MCX Nat Gas (26 Aug): Settled at Rs 266.40/mmBtu (+2.03%). A modest recovery after yesterday's 3.26% crash in the natural gas price prediction for Monday.
• MCX Nat Gas Mini: Closed at Rs 259.00 (+0.39%), confirming the recovery pattern across contracts.
• Technical Context: RSI returned toward 38 to 40 from near-oversold 32 to 35 yesterday, suggesting the natural gas price prediction for Monday bounce has some momentum.

Natural Gas Price Prediction for Monday: Technical Analysis

Ankit Jaiswal's natural gas price prediction for Monday identifies Rs 257 as immediate support. A hold above Rs 257 keeps the short-covering bounce intact in the natural gas price prediction for Monday. A break below targets Rs 253 to 255, yesterday's lows.

Resistance at Rs 266.80 (today's high) is the first hurdle. Kunal Singla notes the natural gas price prediction for Monday needs a sustained close above Rs 265 to reverse the broader bearish trend. Until then, the natural gas price prediction for Monday stays in a corrective bounce within a bearish structure.

Trend for 24 August 2026 (Monday): Sideways (Short-Covering Bounce Within Bearish Trend)
Support: 257 | 253-255
Resistance: 266.80 | 265

Global Cues for Natural Gas Price Prediction for Monday

• US Markets (14 Aug close): Dow Jones at 53,732 (-0.20%), S&P 500 at 7,785 (-0.20%), Nasdaq at 26,729 (-0.30%). Weak retail sales data (-0.6% in July) and subdued University of Michigan consumer sentiment (51, below forecast 55) signal caution.
• Asian Markets: Japan's Nikkei 225 gained 2.1% to 66,970 on Monday, providing a partially positive cue for Asian risk assets.
• Institutional Flows (14 Aug): FII were net buyers of Rs 508 Cr and DII were net buyers of Rs 356 Cr in the cash segment, reflecting continued institutional support for Indian equities.

Key Events for 24 August 2026 (Monday)

• US EIA weekly natural gas storage report is the most critical upcoming data for the natural gas price prediction for Monday: above-consensus injection = bearish
• MCX Natural Gas options expiry on 24 August adds near-term volatility to the natural gas price prediction for Monday
• Late-summer US weather forecasts will determine cooling demand outlook in the natural gas price prediction for Monday
• MCX 26 August futures contract approaches expiry; rollover to October adds operational considerations for the natural gas price prediction for Monday

Stocks Linked to Natural Gas Price Prediction for Monday

Name	CMP (Rs)	Day Change	Key Level for Tomorrow
GAIL India	200	-0.30%	Support: 197 | Resistance: 204
Reliance Industries	1,316.00	+0.21%	Support: 1,311 | Resistance: 1,330
ONGC	238.49	+0.88%	Support: 236 | Resistance: 241

Explore Natural Gas-Linked Stocks on Univest Screener

Trading Strategy for Natural Gas on Monday 24 August 2026

• Hold MCX Natural Gas positions above Rs 257 with stop below Rs 254 for the natural gas price prediction for Monday
• Avoid fresh long positions until Natural Gas reclaims Rs 266.80 to Rs 262 in the natural gas price prediction for Monday
• Short-covering bounce potential exists near Rs 257 support: watch RSI reaching 42 to 45 as confirmation in the natural gas price prediction for Monday
• Monitor US EIA storage data this week: above-consensus injection = return to Rs 253 to 255 in the natural gas price prediction for Monday

What Does Sentiment Indicate for Natural Gas Price Prediction for Monday?

Sentiment for the natural gas price prediction for Monday is cautiously neutral. The +2.03% recovery is a short-covering bounce after yesterday's dramatic 3.26% fall. Ankit Jaiswal notes the natural gas price prediction for Monday stays within a broader bearish trend until Rs 265 is reclaimed.

Kunal Singla observes that the natural gas price prediction for Monday benefits from an oversold RSI generating a modest recovery. However, fundamentals (above-average US inventory, tapering cooling demand) remain bearish. The natural gas price prediction for Monday stays sideways unless a weather or storage catalyst tips the balance toward Rs 265.

Risks to Natural Gas Price Prediction for Monday

• Above-consensus US EIA gas storage injection this week would push the natural gas price prediction for Monday back toward Rs 253 to 255
• MCX 26 August contract expiry adds rollover volatility to the natural gas price prediction for Monday
• Mild late-summer weather forecasts would suppress US air conditioning demand and keep the natural gas price prediction for Monday bearish
• A global energy sell-off (if crude drops sharply) would also drag natural gas in the natural gas price outlook for 21 August

Download the Univest iOS App or Univest Android App to track live MCX natural gas prices and get expert natural gas price predictions.

Conclusion

The Monday's MCX natural gas price forecast, Monday 24 August 2026, is sideways with a short-covering bounce from oversold levels. MCX Natural Gas settled at Rs 266.40/mmBtu (+2.03%) on 21 August. Ankit Jaiswal places support at Rs 257 and resistance at Rs 266.80. Kunal Singla notes the Wednesday's natural gas price outlook bounce is corrective within a bearish trend.

Monitor the US EIA storage report as the key catalyst for the 21 August natural gas price outlook. Download the Univest app for live MCX gas prices and expert research.

Disclaimer: Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice. Univest Research Analyst Registration No. INH000013776.

Frequently Asked Questions

What is the MCX natural gas price forecast for Monday, Monday 24 August 2026?

Ans. The natural gas price's 21 August outlook is sideways with a recovery bias. MCX Natural Gas closed at Rs 266.40/mmBtu (+2.03%) on 21 August, recovering after yesterday's 3.26% crash. Support at Rs 257, resistance at Rs 266.80.

Why is natural gas recovering in the natural gas price outlook for 21 August?

Ans. MCX Natural Gas recovered 0.39% due to short-covering from oversold RSI levels near 32 to 35 yesterday. Kunal Singla notes this is a technical bounce, not a fundamental reversal, in the Monday's MCX natural gas price forecast.

What are natural gas support levels for Monday 24 August 2026?

Ans. The Wednesday's natural gas price outlook places immediate support at Rs 257 and strong support at Rs 253 to 255. Resistance is at Rs 260 to 260.5 and Rs 265.

How does the US EIA report affect the 21 August natural gas price outlook?

Ans. The US EIA weekly gas storage report is the most important catalyst for the MCX natural gas price forecast for Monday. Above-consensus injection = bearish return to Rs 253; below-consensus = bounce continuation toward Rs 265.

What is the natural gas trading strategy for Monday 24 August 2026?

Ans. For the natural gas price's 21 August outlook, Ankit Jaiswal recommends holding above Rs 257 with stop below Rs 254. Kunal Singla advises avoiding fresh longs until Rs 261 is reclaimed, confirming the bounce has momentum.