Daily Commodity Reports

Short term - Technical Outlook

Crude oil futures are trading around 8,875 after facing selling pressure near the 9,000 zone. The price is moving sideways within a broader corrective structure following the decline from the 10,250 high, keeping the near-term bias cautious to bearish. Immediate support is placed at 8,400, followed by 7,700, while resistance is positioned at 9,000 and 9,500. A sustained breakout above 9,000 could support a recovery towards 9,200–9,500, whereas a break below 8,400 may extend the downside towards 7,700.

 

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 149,735, consolidating after a sharp decline from the 164,500 zone. The price remains below the resistance at 152,000, indicating continued weakness, with the broader structure maintaining a bearish bias. Immediate support is placed at 146,000, followed by 140,000, while resistance stands at 152,000. A sustained move above 152,000 could improve the recovery prospects, whereas a break below 146,000 may extend the downside towards 140,000.

 

Short term Research Report Call

Buy Above: 150,000 | Targets: 151,000, 152,000 | Stop-loss: 149,000

Sell Below: 148,000 | Targets: 147,000, 146,000 | Stop-loss: 149,000

 

Short term Chart

Short term - Technical Outlook

Natural gas futures are trading around 306.0 after retreating from the 318 resistance zone, indicating profit booking following the recent sharp recovery. The broader structure remains positive as prices have moved above the earlier rising channel, but the latest pullback suggests near-term consolidation. Immediate support is placed at 290, followed by 270, while resistance stands at 318. A sustained breakout above 318 could resume the upward movement, whereas a break below 290 may weaken the setup and expose the 270 support zone.

 

Short term Research Report Call

Buy Above: 310 | Targets: 315, 320 | Stop-loss: 305

Sell Below: 300 | Targets: 295, 290 | Stop-loss: 305

Short term Chart

Short term - Technical Outlook

Silver futures are trading around 221,211 and extending their downward movement after breaking below the 230,000 support zone. The price is approaching the immediate support at 220,000, while the broader chart structure remains bearish, with lower highs and lower lows. A decisive break below 220,000 could lead to further weakness towards 215,000. On the upside, resistance is placed at 230,000, followed by 236,000. The price needs to reclaim 230,000 to ease the prevailing selling pressure.

 

Short term Research Report Call

Buy Above: 224,000 | Targets: 226,000, 228,000 | Stop-loss: 222,000

Sell Below: 220,000 | Targets: 218,000, 216,000 | Stop-loss: 222,000

 

Short term Chart