Natural Gas Futures Extend Downtrend, Sellers Firmly in Control

Natural Gas MCX Futures have been trading near 419.7, extending a strong downtrend and breaking decisively below the zero line at 421.70. This has kept sellers firmly in control for the session, with every bounce being sold from lower highs.

The bullish structure suggests that longs can activate only above the Long Entry level at 432.33, requiring a sustained reclaim back above the zero line and the Short Entry band at 427.47. If this happens, it could signal a potential trend shift rather than a mere pullback.

However, if price holds below 421.70, shorts remain the preferred structure, with targets at 409.0 (Short Target 1) and 401.0 (Short Target 2).