Daily Commodity Reports

Short term - Technical Outlook

Crude oil futures are trading around 9,785, maintaining a positive recovery structure after rebounding from the recent lows near 8,500. Prices have been forming higher highs and higher lows, indicating improving buying momentum, while the latest price action shows consolidation just below the crucial 9,800 resistance level. A sustained breakout above 9,800 could strengthen bullish momentum and open the way towards the next major resistance at 10,200. However, repeated failures to cross this level could trigger short-term profit booking. On the downside, 9,200 remains the immediate support, followed by the stronger support at 8,500. As long as prices sustain above 9,200, the recovery structure is likely to remain intact. Overall, the short-term outlook remains cautiously bullish, with 9,800 acting as the key breakout level for further upside.

 

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 292.6, witnessing a strong recovery after finding support near the recent low of 237.5. Prices have rebounded sharply from the 240 support region and moved above the falling channel resistance, indicating improving short-term buying momentum. The recovery has also pushed prices above the previous resistance levels at 265 and 285, suggesting a shift in near-term sentiment. Sustained trading above 285 could strengthen the recovery towards 300–310, followed by the major resistance near 318. On the downside, 285 now acts as the immediate support, followed by 265, while 240 remains the crucial support level. A sustained move below 285 could weaken the recovery momentum and trigger renewed selling pressure. Overall, the short-term outlook has turned cautiously bullish following the recent breakout, although sustained buying above 300 would provide stronger confirmation.

 

Short term Research Report Call

Buy Above: 300 | Targets: 305, 310 | Stop-loss: 295

Sell Below: 290 | Targets: 285, 280 | Stop-loss: 295

 

Short term Chart

Short term - Technical Outlook

Silver futures are trading around 194,450, continuing to exhibit weakness following a sharp decline within the broader descending channel. Prices have recently slipped below the crucial 195,000 region and are consolidating near their recent lows, indicating that selling pressure remains dominant despite occasional recovery attempts. The formation of lower highs and lower lows continues to reflect a bearish price structure, with immediate resistance emerging around 200,000, followed by the stronger resistance at 206,000. A sustained move above 206,000 could encourage recovery towards 213,000, while continued weakness below 195,000 may lead to a retest of the immediate support at 190,000. A decisive breakdown below 190,000 could extend losses towards 180,000. Overall, the short-term outlook remains bearish, with limited signs of a sustained recovery.

 

Short term Research Report Call

Buy Above: 198,000 | Targets: 200,000, 202,000 | Stop-loss: 196,000

Sell Below: 194,000 | Targets: 192,000, 190,000 | Stop-loss: 196,000

 

Short term Chart