Natural Gas MCX Fut Intraday Technical Analysis for 23 Feb, 2026Natural Gas FuturesMCX:NATURALGAS1!ChartPathikNATURALGAS1! Natural Gas Futures — Intraday Structure Outlook (15-min | MCX) (If these levels help your preparation or execution, a quick boost or comment supports consistent, structured market analysis for the community.) Natural Gas is trading around 279, coming off a sharp impulsive upside move followed by immediate rejection near the 282–285 supply zone. Price is now pulling back toward the 279–277 value area, where balance will decide the next directional leg. Volatility remains elevated — patience is required. Bullish Structure Longs activate above 279.67, provided price sustains above this level and pullbacks continue to defend structure. Targets: 293.57 – first major resistance and partial booking zone 300.60 – extended target if momentum rebuilds Control: Intraday control below 277.50 Aggressive longs must exit on sustained trade below 273.54 Bearish Structure Shorts activate below 275.33, especially if price fails to reclaim the zero line on pullbacks. Targets: 270.83 – first downside objective 263.80 – extended breakdown target if selling pressure expands Control: Immediate short covers required above 281.46 Avoid holding shorts if price re-accepts above the equilibrium zone Neutral Zone 277.50 – 282.20 is the decision range. Inside this band, price is rotational — wait for acceptance, not volatility spikes. This setup is built around structure, confirmation, and disciplined risk control. No anticipation, no emotional bias — let price confirm intent. If this framework improves your trade clarity, a boost or comment keeps this disciplined approach consistent.