Daily Commodity Reports

Short term - Technical Outlook

Crude oil futures are trading around 8,892, continuing to consolidate below the immediate resistance at 9,000 following the earlier decline from the 10,250 zone. The price remains within a sideways range, with repeated recovery attempts facing selling pressure near 9,000–9,200. Immediate support is placed at 8,400, followed by 7,700, while resistance stands at 9,000 and 9,500. A sustained breakout above 9,000 could improve near-term momentum and support a recovery towards 9,200–9,500, whereas a breakdown below 8,400 could accelerate downside pressure towards 7,700. Overall, the short-term outlook remains range-bound with a cautious bias until prices decisively reclaim 9,000.

 

Short term Research Report Call

Buy Above: 9,000 | Targets: 9,100, 9,200 | Stop-loss: 8,900

Sell Below: 8,800 | Targets: 8,700, 8,600 | Stop-loss: 8,900

Short term Chart

Short term - Technical Outlook

Gold futures are trading around 151,503, showing a gradual recovery after consolidating near the 149,000–150,000 zone. The price is approaching the immediate resistance at 152,000, while the broader technical structure remains cautious following the earlier decline from the 164,500 level. A sustained breakout above 152,000 could strengthen recovery momentum towards 154,000–156,000. On the downside, immediate support is placed near 149,000, followed by the major support levels at 146,000 and 140,000. Overall, the short-term outlook remains neutral to cautiously positive, with a sustained move above 152,000 required to confirm further upside.

 

Short term Research Report Call

Buy Above: 152,000 | Targets: 153,000, 154,000 | Stop-loss: 151,000

Sell Below: 150,000 | Targets: 149,000, 148,000 | Stop-loss: 151,000

 

Short term Chart

Short term - Technical Outlook

Natural gas futures are trading around 313.7, witnessing a strong recovery after finding buying support near the 300–302 zone. The price has rebounded sharply and is approaching the key resistance at 318, indicating renewed buying interest following the recent correction. The broader technical structure remains positive, with prices holding well above the previous breakout support at 290. A sustained move above 318 could extend the upward momentum towards 325–330, while failure to cross this resistance may trigger another round of profit booking. Immediate support is placed near 300, followed by 290 and 270. Overall, the short-term outlook remains cautiously bullish, with a breakout above 318 required for further upside confirmation.

 

Short term Research Report Call

Buy Above: 320 | Targets: 325, 330 | Stop-loss: 315

Sell Below: 310 | Targets: 305, 300 | Stop-loss: 315

Short term Chart

Short term - Technical Outlook

Silver futures are trading around 225,820, witnessing a modest recovery after testing the crucial support zone near 220,000. Despite the recent rebound, the broader technical structure remains weak, with prices continuing to trade below the earlier breakdown level of 230,000. Immediate resistance is placed at 230,000, followed by 236,000, while support is positioned at 220,000 and 215,000. A sustained move above 230,000 could trigger further recovery towards 236,000, whereas a break below 220,000 may renew selling pressure towards 215,000. Overall, the short-term outlook remains cautious, with recovery attempts likely to face resistance at higher levels.

 

Short term Research Report Call

Buy Above: 226,000 | Targets: 228,000, 230,000 | Stop-loss: 224,000

Sell Below: 222,000 | Targets: 220,000, 218,000 | Stop-loss: 224,000

 

Short term Chart