Daily Commodity Reports

Short term - Technical Outlook

Crude oil futures are trading around 9,081, showing signs of improving momentum following a gradual recovery from the recent lows near 8,400. The price has been forming higher lows over recent sessions, indicating renewed buying interest, while the sustained move above the psychological 9,000 level suggests strengthening near-term sentiment. However, the index continues to face immediate resistance at 9,200, followed by the major resistance at 9,500. A sustained breakout above 9,200 could further strengthen bullish momentum and push prices towards 9,500–9,800. On the downside, immediate support is placed at 8,800, followed by the crucial support at 8,400. Overall, the short-term outlook remains cautiously bullish, with sustained trading above 8,800 supporting further recovery attempts.

 

Short term Research Report Call

Buy Above: 9,200 | Targets: 9,300, 9,400 | Stop-loss: 9,100

Sell Below: 9,000 | Targets: 8,900, 8,800 | Stop-loss: 9,100

Short term Chart

Short term - Technical Outlook

Gold futures are trading around 145,850, witnessing strong selling pressure after breaking below the crucial 150,000 support level. The price continues to form lower highs and lower lows, indicating persistent bearish momentum following the earlier breakdown from the rising channel. The recent sharp decline has pushed prices closer to the immediate support at 145,000, while a sustained break below this level could accelerate selling pressure towards the next major support at 140,000. On the upside, 148,000–150,000 is likely to act as the immediate resistance zone, and a sustained recovery above 150,000 would be required to improve near-term sentiment and trigger a rebound towards 152,000–154,000. Overall, the short-term outlook remains bearish, with continued downside risks unless prices reclaim the 150,000 level.

 

Short term Research Report Call

Buy Above: 147,000 | Targets: 148,000, 149,000 | Stop-loss: 146,000

Sell Below: 145,000 | Targets: 144,000, 143,000 | Stop-loss: 146,000

 

Short term Chart

Short term - Technical Outlook

Natural gas futures are trading around 304.3, witnessing renewed selling pressure after another unsuccessful attempt to sustain above the 315–318 resistance zone. The recent rejection from higher levels has triggered profit booking, pushing prices back towards the psychological 300 level and indicating weakening near-term momentum. Despite the correction, the broader technical structure remains relatively positive as prices continue to trade above the important breakout support at 290. On the upside, 310–318 remains the key resistance zone, and a sustained breakout above 318 could revive bullish momentum towards 325–330. On the downside, immediate support is placed near 300, followed by the major support at 290 and 270. Overall, the short-term outlook remains neutral to cautiously positive, although repeated rejection near 318 suggests that upside momentum may remain restricted until a decisive breakout occurs.

 

Short term Research Report Call

Buy Above: 305 | Targets: 310, 315 | Stop-loss: 300

Sell Below: 295 | Targets: 290, 285 | Stop-loss: 300

Short term Chart

Short term - Technical Outlook

Silver futures are trading around 207,990, extending their sharp downward movement as sustained selling pressure continues to dominate the market. The price has decisively broken below the important support levels at 220,000 and 215,000, confirming a continuation of the broader bearish trend. The formation of successive lower highs and lower lows indicates strong downside momentum, with prices now approaching the immediate support at 205,000, followed by the major psychological support at 200,000. On the upside, 210,000–215,000 is expected to act as the immediate resistance zone, followed by stronger resistance at 220,000. A sustained recovery above 215,000 would be required to indicate some improvement in momentum. Overall, the short-term outlook remains strongly bearish, with a break below 205,000 potentially extending the decline towards 200,000.

 

Short term Research Report Call

Buy Above: 210,000 | Targets: 212,000, 214,000 | Stop-loss: 208,000

Sell Below: 206,000 | Targets: 204,000, 202,000 | Stop-loss: 208,000

 

Short term Chart