Daily Commodity Reports

Short term - Technical Outlook

Crude oil futures are trading around 9,782, witnessing renewed buying interest following a recovery from the crucial 9,200 support region. The recent price action indicates improving bullish momentum, with the commodity forming higher lows and gradually approaching the important 9,800 resistance level. A sustained breakout above 9,800 could strengthen the recovery and open the way towards the next major resistance at 10,200. However, failure to sustain above 9,800 could trigger profit booking towards 9,500–9,200, where buying interest may re-emerge. A decisive break below 9,200 would weaken the recovery structure and expose the next major support at 8,500. Overall, the short-term outlook remains cautiously bullish, with a sustained breakout above 9,800 required to confirm further upside momentum.

 

Short term Research Report Call

Buy Above: 9,800 | Targets: 9,900, 10,000 | Stop-loss: 9,700

Sell Below: 9,600 | Targets: 9,500, 9,400 | Stop-loss: 9,700

Short term Chart

Short term - Technical Outlook

Natural gas futures are trading around 252.2, extending their sharp decline after breaking below the crucial 285 resistance-turned-support level. The price continues to form lower highs and lower lows, indicating persistent bearish momentum, with sustained selling pressure pushing prices towards the critical 250 support region. A decisive break below 250 could accelerate the decline towards 240–230, while a recovery above 260–268 could trigger a temporary technical rebound. On the upside, 275 acts as intermediate resistance, followed by the stronger resistance at 285. A sustained move above 285 would be required to signal a meaningful improvement in momentum. Overall, the short-term outlook remains strongly bearish, although proximity to the 250 support level could encourage some buying interest.

 

Short term Research Report Call

Buy Above: 260 | Targets: 265, 270 | Stop-loss: 255

Sell Below: 250 | Targets: 245, 240 | Stop-loss: 255

 

Short term Chart

Short term - Technical Outlook

Silver futures are trading around 196,100, remaining under significant selling pressure within a well-defined descending channel. The price continues to form lower highs and lower lows, confirming the prevailing bearish structure, while the recent decline has pushed prices towards the crucial 195,000 support region. Although some stabilization is visible near current levels, recovery attempts remain limited, suggesting that bearish momentum continues to dominate. A sustained break below 195,000 could trigger further downside towards the next major support at 190,000, with additional weakness possible below this level. On the upside, 200,000 acts as immediate resistance, followed by 206,000 and 213,000. A decisive recovery above 206,000 would be required to indicate improving momentum. Overall, the short-term outlook remains bearish, with the possibility of a temporary rebound near support.

 

Short term Research Report Call

Buy Above: 200,000 | Targets: 202,000, 204,000 | Stop-loss: 198,000

Sell Below: 196,000 | Targets: 194,000, 192,000 | Stop-loss: 198,000

 

Short term Chart