Daily Commodity Reports

Short term - Technical Outlook

Crude Oil Futures are trading around 9,816, after a sharp rally toward the 10,200–10,250 area was followed by profit-taking. Despite the recent pullback, price continues to hold within the rising channel and remains above its lower channel support, keeping the broader trend positive. A sustained move above the recent high and the upper channel resistance would reinforce the bullish momentum, while a break below the lower channel support could trigger a deeper correction toward the 9,500 area. Overall bias remains bullish, but the price is currently undergoing consolidation after the strong upmove.

 

Short term Research Report Call

Buy Above: 9,900 | Targets: 10,000, 10,100 | Stop-loss: 9,800

Sell Below: 9,700 | Targets: 9,600, 9,500 | Stop-loss: 9,800

Short term Chart

Short term - Technical Outlook

Gold Futures are currently trading around 1,52,800, showing a modest recovery after finding support near the 1,50,000–1,50,050 zone. The earlier rising-channel structure remains broken, while price action continues to indicate consolidation with a cautious undertone. The immediate resistance is placed around 1,54,000–1,54,100, and a sustained move above this zone could open the way toward 1,56,000–1,56,100.

On the downside, 1,52,000–1,52,050 remains the immediate support zone, followed by the stronger 1,50,000–1,50,050 support. Holding above 1,52,000 could support further consolidation and a recovery toward 1,54,000. However, a decisive break below 1,50,000 would weaken the setup further and shift focus toward 1,48,000–1,46,000. Overall, the bias remains cautious below 1,54,000, with stronger recovery potential above 1,56,000.

 

Short term Research Report Call

Buy Above: 153,000 | Targets: 154,000, 155,000 | Stop-loss: 152,000

Sell Below: 152,000 | Targets: 151,000, 150,000 | Stop-loss: 153,000

 

Short term Chart

Short term - Technical Outlook

Natural Gas Futures are trading around 277.4, after facing rejection near the 285 resistance and slipping back toward the 277 level. The price continues to trade within a broader rising channel, while the recent recovery from the lower channel support keeps the structure constructive. A sustained breakout above 285 would strengthen the bullish setup and open the way toward the upper channel, whereas a break below 272 would weaken the near-term structure and expose 265. Overall bias remains mildly bullish above 272, with 285 acting as the key breakout level.

 

Short term Research Report Call

Buy Above: 280 | Targets: 285, 290 | Stop-loss: 275

Sell Below: 270 | Targets: 265, 260 | Stop-loss: 275

Short term Chart

Short term - Technical Outlook

Silver Futures are currently trading around 2,35,550, showing signs of stabilization after recovering from the 2,30,000–2,30,050 support zone. The broader structure remains range-bound, with price still trading below the key 2,39,000–2,39,100 resistance zone. A sustained move above this level could strengthen the recovery and open the way toward 2,42,000–2,42,500.

On the downside, 2,34,000–2,34,050 remains the immediate support zone, followed by the stronger 2,30,000–2,30,050 support. Holding above 2,34,000 could keep the recovery attempt intact, while a decisive break below 2,30,000 would weaken the setup and shift focus toward the next major support around 2,26,000–2,26,100. Overall, the bias remains neutral to mildly bearish below 2,39,000, with a stronger positive shift above this resistance zone.

 

Short term Research Report Call

Buy Above: 236,000 | Targets: 238,000, 240,000 | Stop-loss: 234,000

Sell Below: 234,000 | Targets: 232,000, 230,000 | Stop-loss: 236,000

 

Short term Chart