CRUDEOIL
Tuesday 22 September, 2026
Short term - Technical Outlook
Crude oil is trading near 9,160, having decisively slipped below the important 9,500 support, which has turned into an immediate resistance zone. The breakdown also indicates weakness in the recent rising channel, with selling pressure accelerating toward the 8,800 support. As long as price remains below 9,500. Overall, the near-term structure stays bearish, a decisive break below 8,800 could extend the weakness further toward 8,400.
Short term Research Report Call
Buy Above: 9,200 | Targets: 9,300, 9,400 | Stop-loss: 9,100
Sell Below: 9,000 | Targets: 8,900, 8,800 | Stop-loss: 9,100
Short term Chart
Validity
19/10/2026
Pivot
8895.67
| Signal | Trigger level | Targets | Stop loss | ||
|---|---|---|---|---|---|
| Target 1 | Target 2 | Target 3 | |||
| Buy AboveBullish buy signal | 8950.87 | R19026.77 | R29106.12 | R39247.57 | Stop Loss8930.17 |
| Pivot | 8895.67 | (All values are in INR) | |||
| Sell BelowBearish sell signal | 8840.47 | S18764.57 | S28685.22 | S38543.77 | Stop Loss8861.17 |
GOLD
Tuesday 22 September, 2026
Short term - Technical Outlook
Gold is trading near 153,069, holding above the key 152,000 support after a recent recovery from 150,000, but the price remains below the marked 156,000 resistance. The broader structure has shifted into consolidation, with price moving sideways between 150,000 and 156,000. A sustained breakout above 156,000 would strengthen the bullish setup, while a break below 150,000 would reopen downside toward 146,000. Overall bias: neutral to mildly bullish above 150,000.
Short term Research Report Call
Buy Above: 155,000 | Targets: 156,000, 157,000 | Stop-loss: 154,000
Sell Below: 153,000 | Targets: 152,000, 151,000 | Stop-loss: 154,000
Short term Chart
Validity
05/10/2026
Pivot
153379.67
| Signal | Trigger level | Targets | Stop loss | ||
|---|---|---|---|---|---|
| Target 1 | Target 2 | Target 3 | |||
| Buy AboveBullish buy signal | 153580.79 | R1153857.33 | R2154146.44 | R3154661.81 | Stop Loss153505.37 |
| Pivot | 153379.67 | (All values are in INR) | |||
| Sell BelowBearish sell signal | 153178.55 | S1152902.01 | S2152612.90 | S3152097.53 | Stop Loss153253.97 |
NATURALGAS
Tuesday 22 September, 2026
Short term - Technical Outlook
Natural Gas is trading near 273, after declining toward the rising trendline and the key 272 support. The broader chart continues to show a rising structure, but near-term momentum has weakened following rejection from the 285 resistance. Holding above 272 could trigger a recovery toward 285, while a decisive break below 272 would weaken the broader trend and expose the next support at 265. Overall bias stays cautious above 272, but near-term momentum remains weak.
Short term Research Report Call
Buy Above: 280 | Targets: 285, 290 | Stop-loss: 275
Sell Below: 270 | Targets: 265, 260 | Stop-loss: 275
Short term Chart
Validity
25/09/2026
Pivot
273.93
| Signal | Trigger level | Targets | Stop loss | ||
|---|---|---|---|---|---|
| Target 1 | Target 2 | Target 3 | |||
| Buy AboveBullish buy signal | 274.94 | R1276.33 | R2277.78 | R3280.36 | Stop Loss274.56 |
| Pivot | 273.93 | (All values are in INR) | |||
| Sell BelowBearish sell signal | 272.93 | S1271.54 | S2270.09 | S3267.51 | Stop Loss273.30 |
SILVER
Tuesday 22 September, 2026
Short term - Technical Outlook
Silver is trading near 239,455, consolidating below the key 244,000 resistance after recovering from the 230,000 support zone. The price has regained momentum from the recent lows but is still facing strong overhead resistance at 244,000. Holding above 230,000 keeps the broader recovery structure intact, while a breakout above 248,000 would signal renewed upside momentum. A break below 230,000 would weaken the setup and expose 215,000. Overall bias: mildly bullish while above 230,000, but upside remains capped below 248,000.
Short term Research Report Call
Buy Above: 242,000 | Targets: 244,000, 246,000 | Stop-loss: 240,000
Sell Below: 238,000 | Targets: 236,000, 234,000 | Stop-loss: 240,000
Short term Chart
Validity
04/12/2026
Pivot
240180.67
| Signal | Trigger level | Targets | Stop loss | ||
|---|---|---|---|---|---|
| Target 1 | Target 2 | Target 3 | |||
| Buy AboveBullish buy signal | 240680.67 | R1241368.17 | R2242086.92 | R3243368.17 | Stop Loss240493.17 |
| Pivot | 240180.67 | (All values are in INR) | |||
| Sell BelowBearish sell signal | 239680.67 | S1238993.17 | S2238274.42 | S3236993.17 | Stop Loss239868.17 |
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Note: Above information is not recommending any buy or sell position, this is for your reference only and trading or investment in commodities & derivatives is subject to market risk.
Disclaimer: Investment in securities/commodities market subject to market risk, read all the related documents carefully before investing/trading.
Analyst Certification: I/We, Ayushi Jain Research Analyst, authors, and the name subscribed to this report, hereby certify that all the views expressed in this research report accurately reflect our views about the subject issuer(s) or securities. We also certify that no part of our compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or view(s) in this report. NISM Research Analyst registration number – NISM-201900015194.