Natural Gas Price Prediction for Monday: Natural Gas Surges 2.03% for 24 August 2026

The natural gas price prediction for Monday follows Friday's strong session where MCX Natural Gas Mini opened at Rs 262.50, reached Rs 266.80, and settled at Rs 266.40. Ankit Jaiswal, Research Analyst at Univest, notes that the natural gas price prediction for Monday benefits from the US EIA weekly natural gas storage report, which showed a smaller-than-expected inventory build — this is a bullish fundamental catalyst supporting the natural gas price prediction for Monday.

Kunal Singla, Research Analyst at Univest, observes that the natural gas price prediction for Monday is supported by the approaching expiry of the MCX Natural Gas 26 August contract. As participants roll forward to September, there is typically reduced liquidity in the near-month contract heading into Monday, which can amplify price moves in the natural gas price prediction for Monday.

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

Natural Gas Price Prediction for Monday: Technical Analysis

Ankit Jaiswal's natural gas price prediction for Monday identifies Rs 262 to 263 as the immediate support, near Friday's intraday low of Rs 262.50. A hold above Rs 262 in the natural gas price prediction for Monday confirms the bullish momentum. Resistance stands at Rs 266.80 (Friday's high) with stronger resistance at Rs 271 to 273 in the natural gas price prediction for Monday.

Trend for Monday 24 August 2026: Mildly Bullish
Support: Rs 262 to 263 | Rs 258 to 260
Resistance: Rs 266.80 | Rs 271 to 273

Global Cues for Natural Gas Prediction for Monday

• COMEX Overnight: COMEX gold and silver levels Monday morning are the primary pre-open cue for MCX precious metals on Monday. Watch spot gold above $3,400/oz and silver above $30.50/oz.
• Iran-Strait of Hormuz: Ongoing supply risk remains the dominant crude oil and commodity driver for Monday. Any weekend escalation or resolution will be the primary opening catalyst.
• US Dollar Index: A weaker DXY heading into Monday would support precious metals and commodities across the board on Monday.

Key Events for Monday 24 August 2026

• MCX Silver Mini and Copper 24 Aug options expire Monday 24 August — elevated intraday volatility expected in early Monday trade
• COMEX levels Monday morning set the MCX precious metal opening for Monday
• Iran-Strait of Hormuz weekend news is the primary catalyst for crude oil and energy commodities on Monday
• US EIA natural gas report and OPEC+ communications over the weekend will shape the energy complex on Monday

Stocks Linked to Natural Gas Prediction for Monday

Stock	21 Aug Close (Rs)	Change	Key Level for Monday
GAIL India	203	-0.20%	Support: 200 | Resistance: 208
ONGC	238	+0.88%	Support: 235 | Resistance: 241
Indian Oil Corporation	158	+0.40%	Support: 156 | Resistance: 161

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Strategy for Natural Gas on Monday 24 August 2026

• Buy MCX Natural Gas near Rs 262 to 263 with stop below Rs 258 targeting Rs 266.80 in the natural gas price prediction for Monday
• A break above Rs 266.80 targets Rs 271 to 273 in the natural gas price prediction for Monday
• Note: MCX Natural Gas 26 Aug contract nears expiry — check rollover to September before Monday in the natural gas price prediction for Monday
• US EIA weekly storage report (bullish build data) is the key fundamental driver for the natural gas price prediction for Monday

What Does Sentiment Indicate for Natural Gas Prediction for Monday?

Sentiment for the natural gas price prediction for Monday is mildly bullish after Friday's 2.03% surge — the strongest single-day gain for MCX Natural Gas this week. Ankit Jaiswal notes that the smaller-than-expected US EIA storage build is the most important fundamental input for the natural gas price prediction for Monday, as it signals tighter-than-anticipated US supply.

Kunal Singla observes that the natural gas price prediction for Monday is also affected by the approaching 26 August contract expiry. Reduced near-month liquidity may amplify Monday's price moves in the natural gas price prediction for Monday. Participants should ensure they roll forward to September before Monday's MCX open if holding near-month positions.

Risks to Natural Gas Prediction for Monday

• A sharp reversal in US natural gas prices (Henry Hub below $3.00/mmBtu) would undermine the natural gas price prediction for Monday
• MCX Natural Gas 26 Aug contract approaching expiry creates thin liquidity in the natural gas price outlook for 24 August
• An unexpected US EIA storage build reversal would weigh on the Monday's MCX natural gas price forecast
• India heat wave easing would reduce domestic natural gas demand expectations in the Wednesday's natural gas price outlook

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Conclusion

the 24 August natural gas price outlook, 24 August 2026, is mildly bullish. MCX Natural Gas surged +2.03% to Rs 266.40/mmBtu on 21 August. Ankit Jaiswal places support at Rs 262 and resistance at Rs 266.80.

Kunal Singla notes the US EIA bullish storage data and approaching 26 Aug expiry are key factors in the MCX natural gas price forecast for Monday. Download the Univest app for live MCX natural gas tracking.

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 on Natural Gas Prediction for Monday

What is the natural gas price's 21 August outlook, 24 August 2026?

Ans. Mildly bullish. MCX Natural Gas surged +2.03% to Rs 266.40 on 21 Aug. Ankit Jaiswal places support at Rs 262 and resistance at Rs 266.80 for the natural gas price outlook for 24 August.

What drove the natural gas 2.03% rally for prediction for Monday?

Ans. A smaller-than-expected US EIA natural gas storage build and broader commodity risk-on sentiment drove Friday's 2.03% MCX Natural Gas gain, supporting the Monday's MCX natural gas price forecast.

Does the 26 Aug expiry affect natural gas prediction for Monday?

Ans. Yes, MCX Natural Gas 26 Aug contract nears expiry. Thin liquidity may amplify Monday moves. Ankit Jaiswal recommends checking contract roll to September before Monday in the Wednesday's natural gas price outlook.

What are key levels for natural gas prediction for Monday?

Ans. Support: Rs 262 to 263 and Rs 258 to 260. Resistance: Rs 266.80 and Rs 271 to 273 in the 24 August natural gas price outlook.

What is the natural gas strategy for Monday?

Ans. Buy near Rs 262 with stop below Rs 258 targeting Rs 266.80 in the MCX natural gas price forecast for Monday. A break above Rs 266.80 targets Rs 271 to 273.