CRUDEOIL
Friday 13 March, 2026
Short term - Technical Outlook
Crude Oil futures are currently trading near 8766, showing a sharp corrective pullback after the strong impulsive rally toward the 9607 extension area. The price has formed a prominent red candle with increased volatility, indicating short-term profit booking or rejection near the upper levels following the breakout from the 6800–8300 zone.
The overall structure remains strongly bullish on the higher timeframe, supported by the ascending trendline from the 5901–6000 base. The recent advance has been impulsive with multiple higher highs, but the latest session's rejection suggests temporary exhaustion or consolidation after the parabolic move. A sustained close above 9000–9607 could resume upside acceleration toward 9500–10000 or higher targets.
On the downside, immediate support lies near 8300–8500, followed by stronger levels near 7999–7402. A breakdown below 8300 may invite deeper corrective pressure toward 7999–7402, though the dominant bullish trend favors buyers on dips unless clear rejection persists.
Short term Research Report Call
Buy Above: 9000 | Targets: 9500, 10000 | Stop-loss: 8300
Sell Below: 8300 | Targets: 7999, 7402 | Stop-loss: 8500
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Validity
19/03/2026
Pivot
8063.00
Buy Above
8256.60
R1
8522.80
R2
8801.10
R3
9297.20
Stop Loss
8184.00
Pivot
8063.00
(All values are in INR)
Sell Below
7869.40
S1
7603.20
S2
7324.90
S3
6828.80
Stop Loss
7942.00
GOLD
Friday 13 March, 2026
Short term - Technical Outlook
Gold futures are currently trading near 160185, consolidating just below the immediate resistance zone around 161000–162000. Price continues to respect the ascending trendline connecting higher lows from the strong demand base near 150523–152000, maintaining a short-term bullish structure despite the mild pullback in the latest session.
The current zone around 160185–161000 shows small-bodied candles and reduced volatility, indicating hesitation and balance between buyers and sellers near the upper boundary of the recent advance. The area near 161967–162000 remains a persistent supply barrier with multiple tests showing rejection. A decisive breakout and sustained close above 162000 could confirm renewed bullish momentum and target 164000–166400 or further toward 168000–169879 levels.
On the downside, immediate support lies near 158902–158000, followed by stronger structural support at 150523–152000. A breakdown below 158902 may invite short-term corrective pressure toward 156000–150523 levels.
Short term Research Report Call
Buy Above: 162000 | Targets: 164000, 166400 | Stop-loss: 158500
Sell Below: 158902 | Targets: 156000, 150523 | Stop-loss: 160000
Click here to view PDF
Validity
02/04/2026
Pivot
161155.33
Buy Above
161666.05
R1
162368.29
R2
163102.45
R3
164411.17
Stop Loss
161474.53
Pivot
161155.33
(All values are in INR)
Sell Below
160644.61
S1
159942.37
S2
159208.21
S3
157899.49
Stop Loss
160836.13
NATURAL GAS
Friday 13 March, 2026
Short term - Technical Outlook
Natural Gas futures are currently trading near 297.6, showing strong bullish momentum after breaking and sustaining above the key resistance zone around 290–307.9. The price has formed a clear higher high and higher low structure, with the latest green candle closing near highs and confirming follow-through buying following the reversal from the 257.9–260 demand base.
The descending trendline from February highs has been decisively broken, shifting the short-term bias firmly bullish and validating the breakout from the multi-week downtrend channel. The advance above 290–307.9 has been supported by increased volatility and buyer aggression, though the current level near 297 is seeing some consolidation after the sharp move. A sustained close above 307.9–310 could accelerate upside momentum toward 320–330 or higher extension levels.
On the downside, immediate support now lies near 290–295, followed by stronger demand at 270–274 and deeper levels near 257.9–260. A breakdown below 290 would be required to challenge the current bullish shift and invite corrective pullback toward 270–260, though momentum strongly favors continuation at present.
Short term Research Report Call
Buy Above: 307.9 | Targets: 320, 330 | Stop-loss: 290
Sell Below: 290 | Targets: 270, 260 | Stop-loss: 297
Click here to view PDF
Validity
26/03/2026
Pivot
288.70
Buy Above
292.97
R1
298.85
R2
304.99
R3
315.93
Stop Loss
291.37
Pivot
288.70
(All values are in INR)
Sell Below
284.43
S1
278.55
S2
272.41
S3
261.47
Stop Loss
286.03
SILVER
Friday 13 March, 2026
Short term - Technical Outlook
Silver futures are currently trading near 268160, consolidating in the upper portion of the recovery range after a modest pullback from the 270000 area. Price continues to hold firmly above the ascending trendline connecting higher lows from the major demand base near 231368–257971, preserving the short-term bullish structure with consistent buyer support on dips.
The broader structure remains range-bound between the strong demand zone at 231000–240000 and the persistent supply/resistance area around 270000–291941. The current consolidation near 267000–269000 acts as short-term support, with the latest small red candle showing controlled profit booking and hesitation near the upper channel boundary. A decisive breakout and sustained close above 270000 could trigger fresh bullish momentum toward 280000–291941 and potentially open the path to 305000 and 333278 levels.
On the downside, immediate support lies at 266000–267000, followed by stronger demand near 260000 and the major zone at 257971–231368. A breakdown below 266000 may invite short-term corrective pressure toward 260000–231000.
Short term Research Report Call
Buy Above: 270000 | Targets: 280000, 291941 | Stop-loss: 265000
Sell Below: 266000 | Targets: 260000, 231000 | Stop-loss: 269000
Click here to view PDF
Validity
05/05/2026
Pivot
266531.33
Buy Above
268081.89
R1
270213.91
R2
272442.84
R3
276416.15
Stop Loss
267500.43
Pivot
266531.33
(All values are in INR)
Sell Below
264980.77
S1
262848.75
S2
260619.82
S3
256646.51
Stop Loss
265562.23
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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