TRIGGER MCX Natural Gas has surged 9.34% to ₹317.10/mmBtu as Henry Hub ($3.37) broke above the $3.25 pivot — likely triggered by a larger-than-seasonal EIA storage draw reported Thursday evening (8:30 PM IST window).
PRICE ₹317.10 · +9.34% · SPIKING
SIGNAL This move is consistent with an EIA weekly storage draw of 80+ Bcf above the 5-year seasonal average, a classic bullish trigger in injection season (May–October) that signals demand strength or supply tightness in the US Henry Hub market, which MCX NatGas tracks via NYMEX linkage.
TWIST Henry Hub at $3.37 remains below the $4.00 threshold where US LNG export capacity runs full and Asian buyers (JKM) begin outbidding European (TTF) competition — historically, natgas rallies into structural resistance at $3.80–$4.20 before mean-reversion, not continuation.
CROSS-ASSET MCX Crude (₹9,161/bbl, +3.81%) and MCX NatGas both moving up in tandem; USD/INR stable at ₹95.96 — ruling out rupee-driven FX amplification as the primary driver.
TECHNICAL Price broke above the 20-day ₹300 round-number level for the first time in 6 weeks and now sits at the session high of ₹317 (20-day day-range ceiling); support at ₹286 → ₹283.
WATCH Next 48 hours: confirm whether natgas stabilizes above ₹310 or rolls back toward ₹300; concurrent watch on NYMEX Henry Hub close and any weather alerts for US Northeast cooling demand.
→ MCX Natural Gas — Henry Hub Transmission & LNG Spot Pricing