MCX Nat Gas Plunges 4.06% to ₹300 — Below 20-SMA

TRIGGER — MCX Nat Gas has fallen 4.06% to ₹300/mmBtu, breaching the 20-SMA of ₹306 as Henry Hub dropped to $3.13/mmBtu on the session.

PRICE — ₹300/mmBtu · ▼4.06% · PLUNGING

SIGNAL — Henry Hub weakened on rising US storage injection estimates and softer industrial demand, pulling MCX NatGas through its 20-day moving average.

CROSS-ASSET — MCX Gold surged 2.15% to ₹154,930/10g while MCX Silver fell 1.69% to ₹246,910/kg, reflecting a split risk environment with metals diverging from energy.

IMPORT COST — HH $3.13 × ₹95.71 = ₹299.57/mmBtu LNG parity (basis only; terminal and regasification charges additional).

TECHNICAL — Price is sitting exactly at the ₹300 round-number level, with the day's low at ₹297 — the sole 20-day support — tested once this session.

WATCH — EIA US Natural Gas Storage report (Thursday IST); a build above 90 Bcf confirms bearish pressure; a miss below 70 Bcf negates it.