Buy natural gas futures (Jul) now at ₹310. Place a stop-loss at ₹300 and book profits at ₹326.
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Natural gas futures, after gaining 20 per cent in May, has largely been trading sideways since the beginning of June. However, the price action, particularly in the second half of June, has been exhibiting some positive bias by forming higher lows. The July futures, now trading at ₹310 (per mmBtu), rebounded on the back of the support at ₹300 on June 15. While it failed to cross the barrier at ₹320, the chart shows that the contract has formed a higher base. That is, first at ₹290 and then at ₹300. Also, the price is above both 21- and 50-day moving averages and a rising trendline support remains valid. Therefore, from the current juncture, the probability for a rally is high. If natural gas futures regain traction and breaks out of ₹320, it can quickly extend the rise to ₹326. If the latter is invalidated, it can trigger a rally to ₹340.On the other hand, if there is a decline, the contract can find support at ₹308, ₹300 and ₹290. A break below ₹290 can turn the outlook bearish.Trade strategyBuy natural gas futures (Jul) now at ₹310. Place a stop-loss at ₹300 and book profits at ₹326. Published on June 29, 2026
