Natural gas futures, currently trading at ₹304 (per mmBtu), has seen higher volatility over the past week. Nevertheless, the price action during this period shows a positive tilt.

The March futures surpassed the barrier at ₹290 and today, it opened above another resistance at ₹296 following a gap-up beginning. Also, the price is now above both 21- and 50-day moving averages.

 While the above factors point to a positive chart set up, natural gas futures has a hurdle at ₹310. Only a decisive breakout of this can turn the outlook positive. Until then, the bears will have a chance to drag the contract lower.

A breakout of ₹310 can potentially lift natural gas futures to ₹340 or to ₹350. On the other hand, if the contract declines from the current level, it can drop to ₹275. Subsequent support is at ₹258.

Trade strategy

Stay out for now. Buy natural gas futures (March) if it breaks out of ₹310. Place stop-loss at ₹295 at first. When the price rises to ₹330, tighten the stop-loss to ₹310. Exit at ₹340.

Published on March 12, 2026