Daily Commodity Reports

Short term - Technical Outlook

Crude oil futures are trading around 9,302, witnessing profit booking after a sharp upward move towards the 9,800 resistance region. The recent rally from the 8,400–8,600 support zone had strengthened bullish momentum, but the rejection near 9,800 indicates renewed selling pressure at higher levels. Prices have now retreated towards the immediate support at 9,200, which remains crucial for sustaining the recent recovery. A sustained move below 9,200 could extend the correction towards 9,000–8,600, while holding above this level may encourage renewed buying interest. On the upside, 9,500 acts as immediate resistance, followed by the major hurdle at 9,800. Overall, the short-term outlook remains cautiously bullish above 9,200, although the sharp rejection from higher levels suggests increased volatility and the possibility of further consolidation.

 

Short term Research Report Call

Buy Above: 9,700 | Targets: 9,800, 9,900 | Stop-loss: 9,400

Sell Below: 9,300 | Targets: 9,200, 9,100 | Stop-loss: 9,400

Short term Chart

Short term - Technical Outlook

Gold futures are trading around 146,482, remaining under selling pressure as the price continues to form lower highs and lower lows following the earlier breakdown from the rising channel. The recent recovery attempts have failed to sustain above 150,000, reinforcing the bearish structure. Prices are currently hovering near the crucial 145,000 support region, where some buying interest could emerge. A sustained break below 145,000 could accelerate the decline towards 142,500–140,000. On the upside, 147,500 acts as immediate resistance, followed by the major hurdle at 150,000. Only a sustained move above 150,000 could improve recovery momentum towards 152,000. Overall, the short-term outlook remains bearish, with continued selling pressure keeping the downside risk elevated.

 

Short term Research Report Call

Buy Above: 148,000 | Targets: 149,000, 150,000 | Stop-loss: 147,000

Sell Below: 146,000 | Targets: 145,000, 144,000 | Stop-loss: 147,000

 

Short term Chart

Short term - Technical Outlook

Natural gas futures are trading around 283.1, witnessing sustained selling pressure following repeated rejection near the 318 resistance level. The recent decline has pushed prices below the psychological 300 level and the intermediate support near 290, indicating weakening short-term momentum. Prices are now approaching the crucial 280 support region, which also coincides with the lower boundary of the rising channel, making it an important level to monitor. A sustained break below 280 could confirm a bearish breakdown and extend the decline towards 270–255. On the upside, 290 now acts as immediate resistance, followed by 300, while the major resistance remains at 318. Overall, the short-term outlook has turned bearish, with the ability to hold above 280 likely to determine whether prices stabilize or extend their decline.

 

Short term Research Report Call

Buy Above: 290 | Targets: 295, 300 | Stop-loss: 285

Sell Below: 280 | Targets: 275, 270 | Stop-loss: 285

 

Short term Chart

Short term - Technical Outlook

Silver futures are trading around 211,500, showing signs of stabilization after the recent sharp decline towards the 208,000 support region. Despite the modest recovery, the broader trend remains bearish, with the price continuing to form lower highs and lower lows. The recent breakdown below 224,000 and 215,000 has significantly weakened the technical structure, with 215,000 now acting as immediate resistance. A sustained move above this level could encourage a recovery towards 220,000–224,000. On the downside, 208,000 remains the immediate support, followed by the major psychological level at 200,000. A decisive break below 208,000 could trigger renewed selling pressure. Overall, the short-term outlook remains bearish, although consolidation near lower levels suggests some temporary stabilization.

 

Short term Research Report Call

Buy Above: 214,000 | Targets: 216,000, 218,000 | Stop-loss: 212,000

Sell Below: 210,000 | Targets: 208,000, 206,000 | Stop-loss: 212,000

 

Short term Chart