CRUDEOIL
Tuesday 15 September, 2026
Short term - Technical Outlook
Crude Oil futures are currently trading near 9,735, after a sharp rally towards the 10,000 resistance zone, although the latest candle shows some rejection from higher levels. Price continues to trade within a rising channel and remains well above the 9,400 support, keeping the broader short-term structure firmly bullish. The immediate focus is now on the psychological 10,000 resistance, followed by 10,400 as the next major resistance. A decisive breakout and sustained acceptance above 10,000 could extend the current upside momentum towards 10,400 and potentially higher levels.
On the downside, 9,400 is the immediate support, followed by 9,000 as the next important support. A sustained hold above 9,400 would keep the structure intact, while a break below this level could trigger profit-taking and increase the possibility of a deeper correction towards 9,000. Overall, the short-term bias remains bullish, although the sharp rise and proximity to 10,000 suggest scope for near-term consolidation. A decisive breakout above 10,000 would provide stronger confirmation of further upside.
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
Validity
21/09/2026
Pivot
9801.67
| Signal | Trigger level | Targets | Stop loss | ||
|---|---|---|---|---|---|
| Target 1 | Target 2 | Target 3 | |||
| Buy AboveBullish buy signal | 9865.35 | R19952.91 | R210044.45 | R310207.63 | Stop Loss9841.47 |
| Pivot | 9801.67 | (All values are in INR) | |||
| Sell BelowBearish sell signal | 9737.99 | S19650.43 | S29558.89 | S39395.71 | Stop Loss9761.87 |
GOLD
Tuesday 15 September, 2026
Short term - Technical Outlook
Gold futures are currently trading near 151,304, continuing to consolidate around the lower end of the recent range after facing selling pressure from the 156,000 resistance zone. Price has struggled to sustain higher levels and is now trading close to the key 150,000 psychological support. The broader recovery structure has weakened following the sharp correction from the earlier highs, while the recent price action indicates a lack of strong buying momentum. On the upside, 156,000 remains the immediate and key resistance. A sustained breakout above this level could improve the technical structure and open the way towards the 160,000 mark.
On the downside, 150,000 is the immediate and crucial support, followed by 146,000 as the next major support. A decisive break below 150,000 would increase selling pressure and could extend the correction towards 146,000. As long as gold holds above 150,000, some recovery or range-bound movement remains possible, but failure to reclaim 156,000 keeps the near-term setup cautious.
Short term Research Report Call
Buy Above: 154,000 | Targets: 156,000, 158,000 | Stop-loss: 152,000
Sell Below: 150,000 | Targets: 148,000, 146,000 | Stop-loss: 152,000
Short term Chart
Validity
05/10/2026
Pivot
150817.00
| Signal | Trigger level | Targets | Stop loss | ||
|---|---|---|---|---|---|
| Target 1 | Target 2 | Target 3 | |||
| Buy AboveBullish buy signal | 151085.64 | R1151455.02 | R2151841.19 | R3152529.58 | Stop Loss150984.90 |
| Pivot | 150817.00 | (All values are in INR) | |||
| Sell BelowBearish sell signal | 150548.36 | S1150178.98 | S2149792.81 | S3149104.42 | Stop Loss150649.10 |
NATURALGAS
Tuesday 15 September, 2026
Short term - Technical Outlook
Natural Gas futures are currently trading near 278.5, after recovering strongly from the recent decline towards the 265–272 support zone. Price has reclaimed the 272 support and is now moving higher within the broader rising channel, indicating that buyers have regained some control in the near term. However, 285 remains the major resistance, and price has faced repeated selling pressure around this level in recent attempts. A sustained breakout above 285 would strengthen the bullish structure and could open the way towards the upper channel region near 296.
On the downside, 272 is now the immediate support, followed by 265 as the next important support. As long as price sustains above 272 and remains within the rising channel, the recovery structure remains intact. A decisive break below 272 would weaken the current bullish setup and could lead to a retest of 265, while a break below 265 would increase downside risk further. Overall, the short-term bias remains cautious, with 285 acting as the key breakout level and 272 as the crucial support.
Short term Research Report Call
Buy Above: 275 | Targets: 280, 285 | Stop-loss: 270
Sell Below: 264 | Targets: 260, 255 | Stop-loss: 270
Short term Chart
Validity
25/09/2026
Pivot
276.63
| Signal | Trigger level | Targets | Stop loss | ||
|---|---|---|---|---|---|
| Target 1 | Target 2 | Target 3 | |||
| Buy AboveBullish buy signal | 277.99 | R1279.86 | R2281.82 | R3285.30 | Stop Loss277.48 |
| Pivot | 276.63 | (All values are in INR) | |||
| Sell BelowBearish sell signal | 275.27 | S1273.40 | S2271.45 | S3267.96 | Stop Loss275.78 |
SILVER
Tuesday 15 September, 2026
Short term - Technical Outlook
Silver futures are currently trading around 232,750, after recovering modestly from the recent decline towards the 230,000 immediate support zone. Price remains below the 245,000 resistance region and has recently experienced strong selling pressure from higher levels, indicating that buyers are yet to regain full control. The broader structure remains weaker after the rejection from the upper part of the previous rising channel. On the upside, 248,000 is the key resistance. A sustained breakout above could revive the broader upward move.
On the downside, 230,000 is the immediate and important support, followed by 215,000 as the next major support. Holding above 230,000 could encourage a recovery, whereas a decisive break below 230,000 would increase downside pressure. Overall, the short-term bias remains cautious with the price currently closer to support and below the key resistance zone.
Short term Research Report Call
Buy Above: 236,000 | Targets: 240,000, 244,000 | Stop-loss: 233,000
Sell Below: 230,000 | Targets: 226000, 222,000 | Stop-loss: 233,000
Short term Chart
Validity
04/12/2026
Pivot
231968.67
| Signal | Trigger level | Targets | Stop loss | ||
|---|---|---|---|---|---|
| Target 1 | Target 2 | Target 3 | |||
| Buy AboveBullish buy signal | 232562.91 | R1233379.99 | R2234234.21 | R3235756.95 | Stop Loss232340.07 |
| Pivot | 231968.67 | (All values are in INR) | |||
| Sell BelowBearish sell signal | 231374.43 | S1230557.35 | S2229703.13 | S3228180.39 | Stop Loss231597.27 |
Market Commentary
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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.