Natural Gas Futures (MCX) – Key Levels & Trend Outlook

📌 Natural Gas Futures (MCX) – Key Levels & Trend Outlook
Natural Gas Futures (MCX) is currently trading near a critical support zone of ₹335-₹325. If this level holds, we could see a potential rebound toward the ₹350-₹360 resistance zone. A breakout above this resistance could trigger further upside towards ₹375-₹400.

🔍 Technical Indicators:
📊 200-Day EMA: ₹330 – Acting as a key support level; holding above it may sustain bullish momentum.
📈 RSI (Relative Strength Index): Currently around 48 – A push above 55-60 would confirm bullish strength.
📉 MACD (Moving Average Convergence Divergence): Close to a bullish crossover, signaling potential upward momentum.
📊 Volume Analysis: Strong buying interest on rallies, while dips show lower selling pressure.

📌 Key Levels to Watch:
✅ Support Zone: ₹335-₹325
📍 Resistance Zone: ₹350-₹360
🚀 Upside Targets: ₹375-₹400
🚨 Breakdown Level: Below ₹325 could lead to further weakness.

A break above ₹360 could accelerate bullish momentum towards ₹375-₹400, while a drop below ₹325 may invite further downside pressure. Keep an eye on weather patterns, global LNG supply trends, and inventory data for additional confirmation.