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Daily Commodity Reports

CRUDE OIL

Tuesday 24 February, 2026


Short term - Technical Outlook

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.

 

Short term Research Report Call

Buy Above: 6120 | Targets: 6250, 6300 | Stop-loss: 6020
Sell Below: 5900 | Targets: 5750, 5600 | Stop-loss: 6000



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

Short term - Technical Outlook

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.

 

Short term Research Report Call

Buy Above: 166500 | Targets: 170000, 175800 | Stop-loss: 161000
Sell Below: 159000 | Targets: 155000, 151500 | Stop-loss: 162500



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

Short term - Technical Outlook

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.

 

Short term Research Report Call

Buy Above: 280 | Targets: 313, 330 | Stop-loss: 270
Sell Below: 255 | Targets: 245, 240 | Stop-loss: 265



 

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

Short term - Technical Outlook

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.

 

Short term Research Report Call

Buy Above: 268000 | Targets: 275000, 284700 | Stop-loss: 262000
Sell Below: 255000 | Targets: 245000, 236000 | Stop-loss: 262500


 

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

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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