Short term - Technical Outlook
Crude oil is trading in an ascending channel on the 30-minute chart. The session closed 25 points higher at 6,316. Sustaining above 6,310 could be positive for crude oil. Technically, it may face resistance at the 6,358-6,370 range, and a strong momentum can be seen above this level. Intraday momentum is expected above 6,325 and below 6,245. The ascending channel support is placed at the 6,267-6,257 range, while resistance is at 6,400-6,410.
Oil prices remain volatile amid a weaker U.S. dollar and rising geopolitical tensions. The U.S. crude stockpile saw a larger-than-expected build of 4.6 million barrels, pressuring prices. However, expectations of supply disruptions due to Middle East tensions and potential tariffs on Canadian and Mexican crude have provided some support. Meanwhile, Russia’s expanding "shadow fleet" to bypass sanctions is adding uncertainty to the global oil trade.
Short term Research Report Call
Buy above: 6,325 | Targets: 6,355, 6,400, 6,425 | Stop-loss: 6,305
Sell below: 6,242 | Targets: 6,208, 6,190, 6,170 | Stop-loss: 6,260
Short term Chart

Short term - Technical Outlook
Gold prices are currently trading within an ascending channel pattern. In the last session, gold closed at 86,024, up by 114 points but failed to sustain higher levels. Global uncertainties may impact investor sentiment. Another momentum move can be expected above 86,150 or below 85,680. If gold sustains above 86,350, it could lead to new highs.
Gold recently hit a record high of $2,954.69 per ounce, driven by geopolitical tensions, rising energy costs, and speculation about a potential U.S. gold reserve revaluation.
On the other hand, Goldman Sachs raised its year-end forecast to $3,100 per ounce, citing central bank demand and policy uncertainties, while UBS increased its outlook to $2,900, with peaks potentially reaching $3,200.
Short term Research Report Call
Buy above: 86,150 | Targets: 86,350, 86,800, 87,300 | Stop-loss: 86,200
Sell below: 85,680 | Targets: 85,400, 85,200, 84,760 | Stop-loss: 85,880
Short term Chart

Short term - Technical Outlook
Natural gas prices experienced a significant surge in the last session, marking the highest momentum since 2022. However, it failed to sustain higher levels and ended in the red, down by 16 points at 352.8.
Technically, natural gas could face resistance in the 369-371.7 range. A close above this level could add more positivity, while increasing gas demand may further push prices higher. Intraday momentum can be expected above 361 and below 353.
Prices are influenced by rising energy costs, severe cold weather driving higher demand, and geopolitical uncertainties impacting supply chains.
Short term Research Report Call
Buy above: 361 | Targets: 372, 379.7, 386.5 | Stop-loss: 357
Sell below: 352 | Targets: 344, 339, 336 | Stop-loss: 355
Short term Chart