Daily Commodity Reports

Short term - Technical Outlook

Crude Oil Futures are trading at 8,675, with the price remaining below the 9,500 resistance after failing to sustain the recent recovery. The broader structure has weakened following the breakdown from the rising trend channel, and recent price action continues to show selling pressure. On the upside, 9,500 is the immediate resistance, followed by 10,000. On the downside, 8,400 remains the immediate support, while a break below this level could accelerate the decline toward 7,700. Overall bias remains bearish below 9,500.

 

Short term Research Report Call

Buy Above: 8,800 | Targets: 8,900, 9,000 | Stop-loss: 8,700

Sell Below: 8,600 | Targets: 8,500, 8,400 | Stop-loss: 8,700

Short term Chart

Short term - Technical Outlook

Gold Futures are trading at 148,797, remaining below the key 150,000 resistance, after a sharp decline toward the 146,000 support zone and a modest recovery from the lows. The broader price structure remains weak, with the earlier rising trend channel already broken. On the upside, 150,000 is the immediate resistance, followed by 152,000–154,000. On the downside, 146,000 remains the immediate support, while a break below this level could extend the decline toward 142,000. Overall bias remains bearish below 150,000, with recovery strength dependent on a sustained move above this level.

 

Short term Research Report Call

Buy Above: 148,000 | Targets: 149,000, 150,000 | Stop-loss: 147,000

Sell Below: 146,000 | Targets: 145,000, 144,000 | Stop-loss: 147,000

 

Short term Chart

Short term - Technical Outlook

Natural Gas Futures are trading at 293.0, after retreating from the recent sharp rally toward the 315–320 region. The price is now testing the 290 support, which coincides with the upper boundary of the earlier rising channel. Holding above 290 could support a recovery toward 300–310, while the major resistance remains at 320. A sustained break below 290 would weaken the structure and could drag prices toward the next support at 270. Overall bias remains cautiously bullish above 290, but momentum has weakened following the recent pullback.

 

Short term Research Report Call

Buy Above: 300 | Targets: 305, 310 | Stop-loss: 295

Sell Below: 290 | Targets: 285, 280 | Stop-loss: 295

Short term Chart

Short term - Technical Outlook

Silver Futures are trading at 225,200, hovering around the key 225,000 support after a sharp recent decline. The price has broken below the 235,000 level, which now acts as immediate resistance, keeping the short-term structure weak. On the upside, 235,000 is the immediate resistance, followed by 245,000. On the downside, 225,000 is the crucial support, and a sustained break below it could expose the next support at 215,000. Overall bias remains bearish below 235,000, while a recovery above this level would improve the near-term setup.

 

Short term Research Report Call

Buy Above: 228,000 | Targets: 230,000, 232,000 | Stop-loss: 226,000

Sell Below: 224,000 | Targets: 222,000, 220,000 | Stop-loss: 226,000

 

Short term Chart