Short term - Market Outlook

MCX Crude Oil is trading around 5,428 per barrel, holding steady from yesterday and reflecting broader weakness on global cues like anticipated rate cuts and persistent supply concerns.The dominant bias for MCX Crude Oil remains bearish, driven by a breakdown below key moving averages and weak global demand sentiment. The most compelling strategy today is selling on weakness below 5,400, with conservative targets stretching toward 5,250. For risk-tolerant traders, a breakout attempt above 5,480 may present a countertrend opportunity, though this requires strong confirmation and should be accompanied by tight risk management.

 

Short term Research Report Call

Buy Above: 5480 | Targets: 5520 , 5570 | Stop-loss: 5440
Sell Below: 5400 | Targets: 5350 , 5300 | Stop-loss: 5450.

 

Short term Chart

Short term - Market Outlook

Gold is under short-term bearish pressure but remains near a critical support zone that offers a potential recovery point. The optimal strategy is to buy the dip around 99,000–99,050, with a tight stop-loss at 98,600 and targets extending to 1,00,300–1,00,530. Conversely, a clear break below 98,600 could signal further downside, warranting a short strategy targeting levels closer to 97,000.Prices have found temporary stability around the 99,000 zone, prompting analysts to suggest a "buy on dips" strategy—highlighting upside potential toward 99,750 and possibly 1,00,300–1,00,530, provided the 99,000 support is sustained.While the trend is largely bearish, oscillators like RSI and MACD signal fading downside momentum and potential for a short-lived bounce from the support zone.

 

Short term Research Report Call

Buy Above: 99050 | Targets: 99750 , 100300 | Stop-loss: 98600
Sell Below: 98600 | Targets: 97500 , 97000 | Stop-loss: 99000.

 

Short term Chart

Short term - Market Outlook

Natural Gas remains deeply bearish with strong structural pressure. The best risk-reward setup lies in selling on a breakdown below 247, targeting 243.5 and 237.1. However, a breakout above 253.7—if backed by momentum—may offer a countertrend opportunity for a short-term rebound toward 264.9.Natural Gas continues to face heavy selling pressure, as technical indicators remain decisively negative. Investing.com reports a “Strong Sell” technical rating, with RSI, MACD, ADX, and multiple moving averages signaling strong bearishness.The 264–265 area serves as strong horizontal support—prices have repeatedly bounced here, showing buyer interest. A break below this zone could push prices further downward.

 

Short term Research Report Call

Buy Above: 253.7 | Targets: 255.8 , 264.9 | Stop-loss: 249.7
Sell Below: 247 | Targets: 243.5 , 237 | Stop-loss: 255.

 

Short term Chart