CRUDEOIL
Thursday 12 February, 2026
MCX Crude Oil is currently trading around 5,902, consolidating just below the critical 5,890 – 6,031 resistance band. The broader structure remains bullish, with price still holding above the ascending channel support and maintaining higher highs and higher lows after the rebound from 5,010.However, the recent rejection near 6,031 indicates strong supply overhead. Price is now compressing below resistance, suggesting a potential breakout attempt. A sustained move above 6,031 would confirm bullish continuation toward the upper channel extension, while failure to clear 5,890 could trigger a pullback toward mid-channel support.
Buy Above: 6,040 Targets: 6,150 – 6,250 – 6,320 Stop-Loss: 5,880
Sell Below: 5,600 Targets: 5,433 – 5,303 – 5,150 Stop-Loss: 5,750
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Validity
19/02/2026
Pivot
5900.00
Buy Above
5923.68
R1
5956.24
R2
5990.28
R3
6050.96
Stop Loss
5914.80
Pivot
5900.00
(All values are in INR)
Sell Below
5876.32
S1
5843.76
S2
5809.72
S3
5749.04
Stop Loss
5885.20
GOLD
Thursday 12 February, 2026
Natural Gas continues to trade in a broader corrective structure after the sharp breakdown from the 410–420 supply zone. Price action remains below the descending trendline, indicating sustained bearish pressure despite minor intraday pullbacks. The recent consolidation near the 285–290 region suggests temporary base formation; however, the structure still reflects lower highs and lower lows. The strong rejection from the 380–400 zone earlier confirms heavy overhead supply, and unless price decisively reclaims 313–320 zone, upside remains capped. Momentum is neutral-to-bearish in the short term, with price hovering near immediate support and volatility contracting, hinting at an impending breakout move.
Buy Above: 296 Target: 308 / 320 Stop-Loss: 286
Sell Below: 280 Target: 268 / 256 Stop-Loss: 292
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Validity
02/04/2026
Pivot
158835.00
Buy Above
159275.00
R1
159880.00
R2
160512.50
R3
161640.00
Stop Loss
159110.00
Pivot
158835.00
(All values are in INR)
Sell Below
158395.00
S1
157790.00
S2
157157.50
S3
156030.00
Stop Loss
158560.00
NATURALGAS
Thursday 12 February, 2026
Natural Gas continues to trade in a broader corrective structure after the sharp breakdown from the 410–420 supply zone. Price action remains below the descending trendline, indicating sustained bearish pressure despite minor intraday pullbacks. The recent consolidation near the 285–290 region suggests temporary base formation; however, the structure still reflects lower highs and lower lows. The strong rejection from the 380–400 zone earlier confirms heavy overhead supply, and unless price decisively reclaims 313–320 zone, upside remains capped. Momentum is neutral-to-bearish in the short term, with price hovering near immediate support and volatility contracting, hinting at an impending breakout move.
Buy Above: 296 Target: 308 / 320 Stop-Loss: 286
Sell Below: 280 Target: 268 / 256 Stop-Loss: 292
Click here to view PDF
Validity
24/02/2026
Pivot
285.87
Buy Above
287.93
R1
290.77
R2
293.74
R3
299.02
Stop Loss
287.16
Pivot
285.87
(All values are in INR)
Sell Below
283.80
S1
280.96
S2
278.00
S3
272.71
Stop Loss
284.58
SILVER
Thursday 12 February, 2026
Silver is currently trading within a corrective recovery phase after the sharp breakdown seen earlier this month. The price rebounded strongly from the lower demand zone and is now consolidating just below a descending trendline resistance. Structurally, the broader bias remains sideways to mildly bearish unless price sustains above the falling supply trendline. The recent candles indicate compression near resistance, suggesting a potential breakout attempt. A decisive move above the short-term supply band could extend recovery, while rejection near the trendline may resume downward pressure toward the demand base.
Buy Above: 268,000 Target: 276,000 / 284,000 Stop-Loss: 262,000
Sell Below: 258,000 Target: 248,000 / 238,000 Stop-Loss: 264,000
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Validity
05/03/2026
Pivot
263443.00
Buy Above
265272.60
R1
267788.30
R2
270418.35
R3
275106.70
Stop Loss
264586.50
Pivot
263443.00
(All values are in INR)
Sell Below
261613.40
S1
259097.70
S2
256467.65
S3
251779.30
Stop Loss
262299.50
Market Commentary
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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.
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