Natural gas futures have been steadily rising since August of last year, driven by consistent demand and favorable market conditions. The January contract for natural gas on the Multi Commodity Exchange (MCX) has seen a notable rebound, with support emerging at ₹160.
Support Levels Indicate Further Potential for Growth
The ₹160 level has proven to be a significant support for natural gas futures, suggesting that any dips could present buying opportunities for investors. As the price continues to show resilience, market analysts expect potential further gains if the support holds.