Short term - Technical Outlook

MCX Crude Oil on the 4-hour chart is hovering near 5,145 after breaking down from a rising channel and sliding steadily towards the horizontal support around 5,108. The post-breakdown stretch of lower highs and lower lows keeps the near-term trend weak, with intraday bias favouring sellers as long as prices remain below recent swing highs.Key support now sits in the 5,120–5,100 band, a demand zone where prices had previously bounced and which is currently being retested. A decisive move beneath 5,100 could pave the way for further downside towards 5,050 and then the psychologically important 5,000 mark in the coming sessions. If the 5,100 area holds instead, price action is likely to stay range-bound between roughly 5,100 and 5,230, while a breakdown would quickly extend the decline towards 5,050–5,000.

Short term Research Report Call

Buy Above: 5110 | Targets: 5190 , 5230 | Stop-loss: 5070
Sell Below: 5050 | Targets: 5000 , 4980 | Stop-loss: 5100.

Short term Chart

Short term - Technical Outlook

MCX Gold continues to trade within a well-defined rising channel on the 4-hour chart, maintaining a strong medium-term bullish structure despite mild intraday consolidation near higher levels. After the recent sharp rally, prices are currently stabilizing around 134,000–134,200, indicating healthy consolidation rather than distribution. The ability of Gold to hold above the prior breakout zone of 132,400–132,500 reinforces the positive bias for the session.From a technical standpoint, the trend remains bullish as long as prices stay within the channel and above key supports. The upper channel resistance is placed near 135,200–135,500, while immediate support is seen around 133,200–132,800.

Short term Research Report Call

Buy Above: 134600 | Targets: 135300 , 136000 | Stop-loss: 134050
Sell Below: 132900 | Targets: 131900 , 130800 | Stop-loss: 133450.

Short term Chart

Short term - Technical Outlook

MCX Natural Gas has transitioned into a corrective-to-consolidative phase after decisively breaking down from its rising channel on the 4-hour chart. The sharp rejection from the 480–490 zone confirmed trend exhaustion at higher levels, and prices have since retraced steadily. The recent decline has now brought the contract toward the critical support zone of 368–375, which aligns with a prior demand area and a key horizontal support visible on the chart.Price action near 370 suggests short-term stabilization, but the broader structure remains bearish-to-neutral unless the price reclaims the broken channel zone. Momentum remains subdued, indicating that today’s session is likely to be range-bound with volatility around support.

Short term Research Report Call

Buy Above: 370 | Targets: 385 , 395 | Stop-loss: 360
Sell Below: 360 | Targets: 345 , 330 | Stop-loss: 370.

Short term Chart