Natural Gas Confirm Targets 400
Natural Gas Price Analysis and Outlook
As of February 14, 2025, natural gas (NG) prices have exhibited significant volatility, influenced by various market dynamics.
Technical Analysis
Current Price Range: The latest support level for NG prices is identified between ₹286 and ₹293 per unit.
Major Support Level: A more substantial support zone exists between ₹250 and ₹260, indicating strong buying interest at these levels.
Major Resistance Level: On the upside, significant resistance is observed between ₹410 and ₹420, which may act as a barrier to price increases.
With increasing power demand, cold weather, rising forecasts, and strong exports, natural gas prices are likely to go up in the near future
As of February 14, 2025, natural gas (NG) prices have exhibited significant volatility, influenced by various market dynamics.
Technical Analysis
Current Price Range: The latest support level for NG prices is identified between ₹286 and ₹293 per unit.
Major Support Level: A more substantial support zone exists between ₹250 and ₹260, indicating strong buying interest at these levels.
Major Resistance Level: On the upside, significant resistance is observed between ₹410 and ₹420, which may act as a barrier to price increases.
With increasing power demand, cold weather, rising forecasts, and strong exports, natural gas prices are likely to go up in the near future
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