Daily Commodity Reports

CRUDEOIL

Wednesday 15 April, 2026

Short Term – Technical Outlook

Crude Oil futures are currently trading near 8,590, showing sharp corrective pressure with a prominent red candle after failing to sustain above the resistance cluster near 9,112. The price has broken below short-term consolidation support and is trading well beneath the key overhead supply band, confirming seller dominance and a bearish shift in short-term structure.

The broader setup has deteriorated with sustained selling pressure following the rejection from higher levels. The current zone near 8,590 reflects limited buyer response and continued downside drift, with each attempted bounce being met with renewed supply. A sustained trade below 8,430 would further accelerate downside momentum toward the 8,200 zone and potentially deeper structural support.

On the upside, immediate resistance lies near 8,900, followed by stronger overhead supply near 9,100. A decisive breakout and sustained close above 8,900 would be required to invalidate the current bearish structure and invite a corrective recovery, though momentum firmly favours sellers unless a clear reversal emerges.

 

Short Term Research Report Call

Buy Above: 8,900 | Targets: 9,100, 9,200 | Stop-loss: 8,430

Sell Below: 8,430 | Targets: 8,200, 8,000 | Stop-loss: 8,590

 

 

Validity

20/04/2026

Pivot

8745.00

Buy Above

8841.64

R1

8974.52

R2

9113.44

R3

9361.08

Stop Loss

8805.40

Pivot

8745.00

(All values are in INR)

Sell Below

8648.36

S1

8515.48

S2

8376.56

S3

8128.92

Stop Loss

8684.60

GOLD

Wednesday 15 April, 2026

Short Term – Technical Outlook

Gold futures are currently trading near 154,868, showing strong recovery momentum with a prominent green candle after sustained buyer support above the 152,500 demand zone. Price has continued to build bullish structure with higher closes and consistent buyer participation, trading well within the ascending recovery zone after reclaiming its broader support base.

The broader structure remains constructively bullish on the short-term timeframe, trading above the key support band near 152,500–153,500 following the recovery from lower levels. The current zone near 154,500–155,000 reflects buyer dominance with building momentum as price approaches the significant resistance near 156,500. A decisive breakout and sustained close above 156,500 could confirm renewed bullish momentum and open the path toward 159,000 and higher extension levels.

On the downside, immediate support lies near 152,500–153,000, followed by stronger structural support at 149,500. A breakdown below 152,500 would invite short-term corrective pressure toward 149,500, though the prevailing bullish bias strongly favours buyers on dips unless a sustained breakdown occurs.

 

Short Term Research Report Call

Buy Above: 156,500 | Targets: 159,000, 161,000 | Stop-loss: 152,500

Sell Below: 152,500 | Targets: 149,500, 146,000 | Stop-loss: 155,000

 

 

Validity

05/06/2026

Pivot

154152.33

Buy Above

154510.73

R1

155003.53

R2

155518.73

R3

156437.13

Stop Loss

154376.33

Pivot

154152.33

(All values are in INR)

Sell Below

153793.93

S1

153301.13

S2

152785.93

S3

151867.53

Stop Loss

153928.33

NATURALGAS

Wednesday 15 April, 2026

Short Term – Technical Outlook

Natural Gas futures are currently trading near 243, showing sustained bearish pressure with a small red candle after failing to sustain above the 250 resistance zone. The price has continued its downward drift with consistent red candle dominance and reduced buyer participation, confirming short-term seller control below the 248–250 supply band.

The recent sessions have maintained the bearish bias, with each attempted recovery being capped near overhead resistance. The sustained weakness below 250 has been accompanied by lower closes and diminishing buyer follow-through. A sustained trade below 240 could accelerate downside momentum toward the 235 level or lower extension zones.

On the upside, immediate resistance now lies near 250, followed by stronger supply at 255–260. A breakout and sustained close above 250 would be required to invalidate the current bearish structure and signal a meaningful recovery, though momentum strongly favours sellers on any rally at present.

 

Short Term Research Report Call

Buy Above: 250 | Targets: 255, 260 | Stop-loss: 240

Sell Below: 240 | Targets: 235, 230 | Stop-loss: 245

 

 

Validity

27/04/2026

Pivot

244.37

Buy Above

245.81

R1

247.79

R2

249.86

R3

253.55

Stop Loss

245.27

Pivot

244.37

(All values are in INR)

Sell Below

242.93

S1

240.95

S2

238.88

S3

235.19

Stop Loss

243.47

SILVER

Wednesday 15 April, 2026

Short Term – Technical Outlook

Silver Futures are currently trading near 252,500, showing strong bullish recovery with a prominent green candle after holding decisively above the key demand zone near 244,000. The price has reclaimed the short-term ascending structure with increasing buyer participation and building momentum, as price approaches the overhead resistance near 257,000.

The broader structure has turned constructively bullish on the short-term timeframe, with price breaking above recent consolidation and sustaining comfortably above the 244,000–246,000 support band. The current zone near 252,500 reflects strong buying conviction and renewed upside intent. A decisive breakout and sustained close above 257,000 could confirm fresh bullish momentum and open the path toward 261,000 and higher extension levels.

On the downside, immediate support lies near 244,000–246,000, followed by stronger structural demand near 237,000. A breakdown below 244,000 would shift the short-term bias back toward caution, though the current momentum strongly favours buyers on dips unless a clear and sustained reversal emerges.

 

Short Term Research Report Call

Buy Above: 257,000 | Targets: 261,000, 265,000 | Stop-loss: 244,000

Sell Below: 244,000 | Targets: 237,000, 232,000 | Stop-loss: 252,500

 

 

 

Validity

05/05/2026

Pivot

249061.67

Buy Above

250929.03

R1

253496.65

R2

256180.98

R3

260966.09

Stop Loss

250228.77

Pivot

249061.67

(All values are in INR)

Sell Below

247194.31

S1

244626.69

S2

241942.36

S3

237157.25

Stop Loss

247894.57

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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