Natural gas futures: Hold the longs

Natural gas futures, after posting loss for three consecutive weeks, have begun the current week on the front foot. Now at ₹312 (per mmBtu), it has risen 11 per cent on Monday’s early trade.

The rebound has happened on the back of a crucial trendline support at ₹280. Although there is a hurdle ahead at ₹315, the contract is likely to surpass this level.

Even as the trend might not turn bullish, natural gas futures is expected to see a corrective rally, which can lift the price to ₹350. A breakout of this can take the contract to ₹375.

But if the downtrend resumes and the support at ₹280 is breached, natural gas futures can see a fall to ₹250 or ₹230, notable support levels.

Overall, from the current level, the contract is likely to see the prevailing upswing extending to ₹350 and so, traders can remain on the long side of the trade.

Trade strategy

Last week, we suggested buying natural gas futures (January) at ₹290. Hold on to this trade and maintain stop-loss at ₹270. When the price touches ₹325, raise the stop-loss to ₹300. Book profits at ₹350.

Published on January 19, 2026