Natural gas futures show positive momentum. Trading at ₹304 per mmBtu, the March contract has broken above key resistance levels at ₹290 and ₹296, now trading above both 21-day and 50-day moving averages. The price action indicates a constructive technical setup, though a decisive breakout above the ₹310 hurdle is critical for sustained bullish momentum. If this level breaks decisively, natural gas futures could rally toward ₹340 or ₹350. Conversely, failure to break higher could see prices decline to ₹275 support. Technical analysts recommend staying sidelined until a confirmed breakout occurs above ₹310, with suggested stop-loss placement at ₹295 initially, tightening to ₹310 once prices reach ₹330.
