Natural Gas prices on MCX recovered after falling sharply during the last week as prices showed a upmove of almost 8 % on MCX. Prices had re-traced 50 % on the downside during last week after rising from its Nov-13 lows of Rs. 210.50 per mmbtu on MCX. RSI indicator was trading below 55 levels on MCX during the end of the week indicating lack of strength in prices. Going ahead for next week, prices are expected to trade volatile with fresh rallies could be seen only once its manages to close above Rs. 272.30 per mmbtu on MCX. On the downside however strong supports for the counter are expected at Rs. 263.50 – 260.20 per mmbtu on MCX.