Daily Commodity Reports

CRUDEOIL

Wednesday 14 January, 2026

Technical Outlook – Crude Oil Futures 

Crude Oil has delivered a sharp bullish breakout from a falling channel, confirming a trend reversal after prolonged consolidation. Price rebounded strongly from the major demand zone near 5,010, forming a series of higher highs and higher lows. The impulsive move above 5,303 and 5,433 indicates strong buying interest and short covering. Currently, price is testing the upper resistance zone near 5,515–5,560, where minor profit booking is visible. As long as Crude Oil sustains above 5,430, the bullish momentum remains intact, with scope for continuation toward 5,600+. A failure to hold 5,303 would signal a pullback toward the breakout base near 5,200–5,120. Overall bias remains bullish with healthy retracement risk.

Short-Term Research Report Call 

Buy Above: 5,560  Targets: 5,650 – 5,750   Stop-Loss: 5,430

Sell Below: 5,300   Targets: 5,180 – 5,050   Stop-Loss: 5,430


Validity

16/01/2026

Pivot

5541.67

Buy Above

5568.07

R1

5604.37

R2

5642.32

R3

5709.97

Stop Loss

5558.17

Pivot

5541.67

(All values are in INR)

Sell Below

5515.27

S1

5478.97

S2

5441.02

S3

5373.37

Stop Loss

5525.17

GOLD

Wednesday 14 January, 2026

Technical Outlook – Gold Futures 

Gold Futures continue to trade within a well-defined rising channel, indicating that the broader trend remains bullish. Price has recently retested and held above the key demand zone near 134,000, which earlier acted as a strong supply area and is now confirming a support flip. The current consolidation near 142,000–142,500 suggests temporary profit booking near the upper channel band rather than trend exhaustion. As long as Gold sustains above 140,000, the structure favors continuation toward higher levels. A decisive breakout above the 142,700–143,000 resistance zone would open the path for further upside toward 145,000+. However, failure to hold 140,000 could trigger a corrective move toward 136,500–134,000, where fresh buying interest is expected. Overall bias remains bullish with controlled consolidation.

 

Short-Term Research Report Call 

Buy Above: 142,700   Targets: 144,500 – 146,000   Stop-Loss: 140,900

Sell Below: 139,800    Targets: 137,000 – 134,500   Stop-Loss: 141,600

 

Validity

05/02/2026

Pivot

142414.00

Buy Above

142908.24

R1

143587.82

R2

144298.29

R3

145564.78

Stop Loss

142722.90

Pivot

142414.00

(All values are in INR)

Sell Below

141919.76

S1

141240.18

S2

140529.71

S3

139263.22

Stop Loss

142105.10

NATURAL GAS

Wednesday 14 January, 2026

Technical Outlook – Natural Gas Futures

Natural Gas remains in a broader bearish structure after a sharp rejection from the upper rising channel near the 470–490 zone. Price has formed a well-defined falling channel, indicating sustained selling pressure. The recent bounce from the 280 demand zone has pushed prices back toward the 310–313 resistance area, which also aligns with prior breakdown support. As long as Natural Gas trades below 313, the structure favors sell-on-rise setups. Any rejection from the falling channel resistance can drag prices back toward 295, followed by a retest of 280. A decisive breakout and sustained move above 320 would be the first sign of trend stabilization, opening room for a recovery toward 340–360. Overall bias remains bearish to neutral, with short-term direction dependent on price behavior near the 310–313 zone.

Short-Term Research Report Call

Buy Above: 320  Targets: 340 – 360   Stop-Loss: 305

Sell Below: 305   Targets: 295 – 280   Stop-Loss: 320


Validity

27/01/2026

Pivot

290.17

Buy Above

295.53

R1

302.90

R2

310.60

R3

324.34

Stop Loss

293.52

Pivot

290.17

(All values are in INR)

Sell Below

284.81

S1

277.44

S2

269.73

S3

256.00

Stop Loss

286.82

Market Commentary

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.

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