Short term - Technical Outlook

MCX Crude Oil the chart shows a clear downtrend, with prices consistently forming lower highs and lower lows since the early-September peak. The recent price action has broken below key support levels, confirming continued selling pressure. This is a strong overhead resistance level where previous rallies failed to sustain. Around 5,400–5,450, previously a support zone, now turned into resistance after breakdown. 5,170 (current) and next major support near 5,050–5,000 zone. The structure suggests weak demand and dominant seller control.

 

Short term Research Report Call

Buy Above: 5185 | Targets: 5200, 5220, 5240 | Stop-loss: 5160
Sell Below: 5160 | Targets: 5130, 5100, 5040 | Stop-loss: 5200.

 

Short term Chart

Short term - Technical Outlook

 

Gold on MCX continues to exhibit a bullish bias, holding firm above key short- and medium-term moving averages (SMAs/EMAs). Momentum indicators reinforce this strength the RSI remains elevated in the overbought zone, while the MACD stays positive, confirming upward momentum. However, these overbought readings also signal the potential for a short-term pullback or sideways consolidation.Intraday charts indicate support around 1,26,834–1,28,000 and resistance near 1,27,500–1,27,800. Given the prevailing uptrend, trend-following positions above support remain favorable, though traders should stay alert for corrections from higher levels. Global factors such as U.S. bond yields, dollar movement, and Federal Reserve commentary will continue to guide price direction. Should momentum ease, range-bound strategies buying near support and selling near resistance may offer better opportunities than aggressive directional trades.

 

Short term Research Report Call

Buy Above: 127700 | Targets: 128400 , 128800 | Stop-loss: 126850
Sell Below: 126850 | Targets: 126300 , 126000 | Stop-loss: 121698.

 

Short term Chart

 

Short term - Technical Outlook

Natural gas prices are currently in a downtrend after failing to sustain the strong rally seen earlier this month. The recent breakdown below key support levels confirms a loss of bullish momentum. 272.3 – This level acted as a major breakdown point and now serves as strong resistance. 248.3 – A crucial horizontal support where previous rebounds occurred. The structure indicates that bears are regaining control, though prices are approaching a potential base zone (248–255) where short-covering could emerge.

 

Short term Research Report Call

Buy Above: 270 | Targets: 275, 280, 288 | Stop-loss: 260
Sell Below: 260 | Targets: 252, 245, 239 | Stop-loss: 270

 

Short term Chart