CRUDEOIL
Monday 26 October, 2026
Short term - Technical Outlook
Crude oil futures are trading around 9,782, witnessing renewed buying interest following a recovery from the crucial 9,200 support region. The recent price action indicates improving bullish momentum, with the commodity forming higher lows and gradually approaching the important 9,800 resistance level. A sustained breakout above 9,800 could strengthen the recovery and open the way towards the next major resistance at 10,200. However, failure to sustain above 9,800 could trigger profit booking towards 9,500–9,200, where buying interest may re-emerge. A decisive break below 9,200 would weaken the recovery structure and expose the next major support at 8,500. Overall, the short-term outlook remains cautiously bullish, with a sustained breakout above 9,800 required to confirm further upside momentum.
Short term Research Report Call
Buy Above: 9,800 | Targets: 9,900, 10,000 | Stop-loss: 9,700
Sell Below: 9,600 | Targets: 9,500, 9,400 | Stop-loss: 9,700
Short term Chart
Validity
19/11/2026
Pivot
9707.67
| Signal | Trigger level | Targets | Stop loss | ||
|---|---|---|---|---|---|
| Target 1 | Target 2 | Target 3 | |||
| Buy AboveBullish buy signal | 9760.95 | R19834.21 | R29910.80 | R310047.33 | Stop Loss9740.97 |
| Pivot | 9707.67 | (All values are in INR) | |||
| Sell BelowBearish sell signal | 9654.39 | S19581.13 | S29504.54 | S39368.01 | Stop Loss9674.37 |
GOLD
Monday 26 October, 2026
Short term - Technical Outlook
Gold futures are trading around 142,150, remaining under sustained selling pressure as the broader downtrend continues to dominate. The price has broken below the crucial 145,000 support level, which now acts as immediate resistance, and has extended its decline towards the important 142,000 support region. The formation of successive lower highs and lower lows reflects persistent weakness, although the recent stabilization near 142,000 suggests the possibility of a temporary technical rebound. A sustained break below 142,000 could extend the decline towards the next major support at 140,000, while a recovery above 145,000 could encourage buying interest towards 148,000–150,000. Overall, the short-term outlook remains bearish, with the 142,000 support level likely to determine the next directional move.
Short term Research Report Call
Buy Above: 144,000 | Targets: 145,000, 156,000 | Stop-loss: 142,000
Sell Below: 140,000 | Targets: 139,000, 138,000 | Stop-loss: 142,000
Short term Chart
Validity
04/12/2026
Pivot
142161.00
| Signal | Trigger level | Targets | Stop loss | ||
|---|---|---|---|---|---|
| Target 1 | Target 2 | Target 3 | |||
| Buy AboveBullish buy signal | 142447.56 | R1142841.58 | R2143253.51 | R3143987.82 | Stop Loss142340.10 |
| Pivot | 142161.00 | (All values are in INR) | |||
| Sell BelowBearish sell signal | 141874.44 | S1141480.42 | S2141068.49 | S3140334.18 | Stop Loss141981.90 |
NATURALGAS
Monday 26 October, 2026
Short term - Technical Outlook
Natural gas futures are trading around 252.2, extending their sharp decline after breaking below the crucial 285 resistance-turned-support level. The price continues to form lower highs and lower lows, indicating persistent bearish momentum, with sustained selling pressure pushing prices towards the critical 250 support region. A decisive break below 250 could accelerate the decline towards 240–230, while a recovery above 260–268 could trigger a temporary technical rebound. On the upside, 275 acts as intermediate resistance, followed by the stronger resistance at 285. A sustained move above 285 would be required to signal a meaningful improvement in momentum. Overall, the short-term outlook remains strongly bearish, although proximity to the 250 support level could encourage some buying interest.
Short term Research Report Call
Buy Above: 260 | Targets: 265, 270 | Stop-loss: 255
Sell Below: 250 | Targets: 245, 240 | Stop-loss: 255
Short term Chart
Validity
27/10/2026
Pivot
255.40
| Signal | Trigger level | Targets | Stop loss | ||
|---|---|---|---|---|---|
| Target 1 | Target 2 | Target 3 | |||
| Buy AboveBullish buy signal | 257.35 | R1260.04 | R2262.84 | R3267.84 | Stop Loss256.62 |
| Pivot | 255.40 | (All values are in INR) | |||
| Sell BelowBearish sell signal | 253.45 | S1250.76 | S2247.96 | S3242.96 | Stop Loss254.18 |
SILVER
Monday 26 October, 2026
Short term - Technical Outlook
Silver futures are trading around 196,100, remaining under significant selling pressure within a well-defined descending channel. The price continues to form lower highs and lower lows, confirming the prevailing bearish structure, while the recent decline has pushed prices towards the crucial 195,000 support region. Although some stabilization is visible near current levels, recovery attempts remain limited, suggesting that bearish momentum continues to dominate. A sustained break below 195,000 could trigger further downside towards the next major support at 190,000, with additional weakness possible below this level. On the upside, 200,000 acts as immediate resistance, followed by 206,000 and 213,000. A decisive recovery above 206,000 would be required to indicate improving momentum. Overall, the short-term outlook remains bearish, with the possibility of a temporary rebound near support.
Short term Research Report Call
Buy Above: 200,000 | Targets: 202,000, 204,000 | Stop-loss: 198,000
Sell Below: 196,000 | Targets: 194,000, 192,000 | Stop-loss: 198,000
Short term Chart
Validity
04/12/2026
Pivot
195396.00
| Signal | Trigger level | Targets | Stop loss | ||
|---|---|---|---|---|---|
| Target 1 | Target 2 | Target 3 | |||
| Buy AboveBullish buy signal | 196383.36 | R1197740.98 | R2199160.31 | R3201690.42 | Stop Loss196013.10 |
| Pivot | 195396.00 | (All values are in INR) | |||
| Sell BelowBearish sell signal | 194408.64 | S1193051.02 | S2191631.69 | S3189101.58 | Stop Loss194778.90 |
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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.