CRUDE OIL
Tuesday 24 February, 2026
Crude Oil futures are currently trading near ?6,044, facing strong resistance in the ?6,080–?6,120 supply zone (highlighted area). Price has rallied sharply from the ?5,600 demand zone, forming higher highs and higher lows, indicating short-term bullish structure. However, multiple rejections near ?6,100 suggest selling pressure at higher levels.A decisive breakout and sustained move above ?6,120 could open upside potential toward ?6,250–?6,300. On the downside, immediate support lies at ?5,900, followed by the major demand zone around ?5,600. A breakdown below ?5,900 may trigger profit booking toward ?5,750–?5,600 levels.
Buy Above: 6120 | Targets: 6250, 6300 | Stop-loss: 6020
Sell Below: 5900 | Targets: 5750, 5600 | Stop-loss: 6000
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Validity
19/02/2026
Pivot
5691.33
Buy Above
5724.29
R1
5769.61
R2
5816.99
R3
5901.45
Stop Loss
5711.93
Pivot
5691.33
(All values are in INR)
Sell Below
5658.37
S1
5613.05
S2
5565.67
S3
5481.21
Stop Loss
5670.73
GOLD
Tuesday 24 February, 2026
Gold futures are currently trading near ?1,61,668, approaching a key horizontal resistance zone around ?1,66,400. Price has shown a steady recovery from the ?1,51,500 demand zone, forming higher lows and indicating short-term bullish momentum.The immediate resistance lies at ?1,66,400, followed by a major supply zone near ?1,75,800. A decisive breakout above ?1,66,400 could trigger fresh upside toward ?1,70,000–?1,75,800 levels.On the downside, immediate support is placed at ?1,59,500–?1,60,000, while the major demand base remains near ?1,51,500. A breakdown below ?1,59,000 may lead to corrective pressure toward ?1,55,000–?1,51,500.
Buy Above: 166500 | Targets: 170000, 175800 | Stop-loss: 161000
Sell Below: 159000 | Targets: 155000, 151500 | Stop-loss: 162500
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Validity
02/04/2026
Pivot
152035.67
Buy Above
152552.31
R1
153262.69
R2
154005.36
R3
155329.25
Stop Loss
152358.57
Pivot
152035.67
(All values are in INR)
Sell Below
151519.03
S1
150808.65
S2
150065.98
S3
148742.09
Stop Loss
151712.77
NATURALGAS
Tuesday 24 February, 2026
Natural Gas futures are currently trading near ?271.5, moving inside a well-defined descending channel, indicating sustained short-term bearish structure. Price recently faced rejection near the upper trendline and the horizontal resistance zone around ?280–?313, followed by renewed selling pressure.Immediate support is placed at ?255–?256, which is the lower horizontal demand zone. A breakdown below this level could accelerate downside momentum toward ?245–?240. On the upside, a breakout above ?280 is required to negate the bearish bias and may trigger short covering toward ?313 and ?330 levels.
Buy Above: 280 | Targets: 313, 330 | Stop-loss: 270
Sell Below: 255 | Targets: 245, 240 | Stop-loss: 265
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Validity
24/02/2026
Pivot
279.13
Buy Above
281.36
R1
284.42
R2
287.61
R3
293.31
Stop Loss
280.52
Pivot
279.13
(All values are in INR)
Sell Below
276.91
S1
273.85
S2
270.65
S3
264.96
Stop Loss
277.74
SILVER
Tuesday 24 February, 2026
Silver futures are currently trading near ?2,65,350, approaching a strong horizontal resistance zone around ?2,66,500–?2,68,000, which also aligns with the descending trendline resistance. The price has shown a sharp recovery from the ?2,24,000–?2,28,000 demand zone, forming higher lows, indicating short-term bullish momentum.However, the broader structure still respects the falling trendline, and rejection from the current resistance zone may trigger fresh selling pressure. A decisive breakout and sustained move above ?2,68,000 could open upside potential toward ?2,75,000–?2,84,700 levels.On the downside, immediate support lies at ?2,55,000, followed by the major demand zone near ?2,24,000. A breakdown below ?2,55,000 may lead to corrective decline toward ?2,45,000–?2,36,000.
Buy Above: 268000 | Targets: 275000, 284700 | Stop-loss: 262000
Sell Below: 255000 | Targets: 245000, 236000 | Stop-loss: 262500
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Validity
05/03/2026
Pivot
230859.67
Buy Above
232722.71
R1
235284.39
R2
237962.51
R3
242736.55
Stop Loss
232024.07
Pivot
230859.67
(All values are in INR)
Sell Below
228996.63
S1
226434.95
S2
223756.83
S3
218982.79
Stop Loss
229695.27
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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