Short term - Technical Outlook

Crude oil prices continue to trade within a descending channel, indicating persistent selling pressure. The price has repeatedly failed to sustain above the upper trendline resistance, suggesting that short-term sentiment remains bearish unless a breakout occurs. The immediate resistance is placed near 5,350–5,400, aligned with the upper channel, while strong supply exists at 5,511. On the downside, the lower channel support near 5,050–5,000 remains a key demand zone. A breakdown below this zone could trigger further downside, while intraday bounce trades are possible only near support with strict stop-losses.Despite mild demand improvements from global inventory expectations, the technical structure stays weak, favoring sell on rise as long as prices stay below the upper channel. Traders should remain cautious and follow strict levels with risk management.

 

Short term Research Report Call

Buy Above: 5020 | Targets: 5120 , 5200 | Stop-loss: 4950.
Sell Below: 4920 | Targets: 4800 , 4750 | Stop-loss: 5010.

 

Short term Chart

Short term - Technical Outlook

Gold on MCX is currently trading near 1,22,600, holding firm within a rising ascending channel, signaling continued strength in the short term. After a mild pullback from the upper trendline, prices are now consolidating near support levels, suggesting a buy-on-dips opportunity as long as the lower channel holds.The broader outlook remains constructive, supported by expectations of a weaker US dollar and persistent geopolitical uncertainty. However, traders should watch for heightened volatility ahead of the 1,25,000 resistance zone, where supply pressure may emerge.Overall, the trend remains upward, and dips towards the support zone could offer favorable risk-reward setups. Caution is advised only if prices break below 1,21,600, which may hint at a short-term trend reversal.

 

Short term Research Report Call

Buy Above: 122620 | Targets: 123500 , 124000 , 124500 | Stop-loss: 121650.
Sell Below: 121650 | Targets: 121000 , 120800 , 120000 | Stop-loss: 122610.

 

Short term Chart

 

Short term - Technical Outlook

Natural Gas prices on MCX are trading near 400, continuing to move within a well-defined ascending channel pattern, reflecting a strong short-term bullish bias. After a brief correction from the upper trendline, prices have bounced back from the channel support, indicating sustained buying on dips and the likelihood of higher levels if the trend remains intact.The broader structure remains positive due to winter demand expectations and tightening supply concerns. However, some volatility may persist near the 408–412 resistance zone, where the upper channel trendline is placed. A breakout above this zone could accelerate an upside move, while failure to sustain above the support trendline may invite corrective declines.

 

Short term Research Report Call

Buy Above: 400 | Targets: 408 , 415 | Stop-loss: 385.
Sell Below: 380 | Targets: 372 , 360  | Stop-loss: 400.

 

Short term Chart