Daily Commodity Reports

Short term - Technical Outlook

Crude oil futures are trading around 9,698, witnessing a recovery after finding buying interest near the 9,500 region. The broader short-term price structure remains positive, supported by the formation of higher highs and higher lows following the rebound from 8,500. However, prices continue to face selling pressure near the crucial resistance at 9,800, resulting in consolidation within the 9,500–9,800 range. A decisive breakout above 9,800 could strengthen bullish momentum towards 10,000–10,200. On the downside, 9,200 remains the immediate major support, and a sustained breakdown below this level could weaken the recovery structure and trigger a decline towards 8,800–8,500. Overall, the short-term outlook remains cautiously bullish, although a breakout above 9,800 is necessary to confirm further upside momentum.

 

Short term Research Report Call

Buy Above: 9,800 | Targets: 9,900, 10,000 | Stop-loss: 9,700

Sell Below: 9,600 | Targets: 9,500, 9,400 | Stop-loss: 9,700

Short term Chart

 

Disclaimer: Investment in securities/commodities market subject to market risk, read all the related documents carefully before investing/trading.

Analyst Certification: I/We, Ajith Kamti 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-202500242249.

Short term - Technical Outlook

Natural gas futures are trading around 282.5, witnessing profit booking after a sharp recovery from the recent low near 237.5. Prices had successfully broken above the descending channel, indicating improving buying momentum and a potential short-term trend reversal. However, the recent rejection near the crucial resistance at 295 has triggered selling pressure, bringing prices back towards the 280 region. A sustained breakout above 295 could strengthen bullish momentum towards 305–318, while failure to regain this level may result in further consolidation. On the downside, 270 remains the immediate support, and a breakdown below this level could trigger a deeper correction towards 260–250. Overall, the short-term outlook remains cautiously positive following the channel breakout, although the recent pullback indicates weakening momentum near higher levels.

 

Short term Research Report Call

Buy Above: 290 | Targets: 295, 300 | Stop-loss: 285

Sell Below: 280 | Targets: 275, 270 | Stop-loss: 285

Short term Chart

 

 

Disclaimer: Investment in securities/commodities market subject to market risk, read all the related documents carefully before investing/trading.

Analyst Certification: I/We, Ajith Kamti 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-202500242249.

Short term - Technical Outlook

Silver futures are trading around 188,943, extending their downward movement after failing to sustain the recent recovery near 197,000. The broader trend remains strongly bearish, with prices continuing to form lower highs and lower lows within a descending structure. The latest decline has brought prices towards the crucial 188,000 support level, and a sustained breakdown below this region could accelerate selling pressure towards 185,000, followed by 180,000. On the upside, 197,000 acts as immediate resistance, while 206,000 remains the next major hurdle. A sustained move above 197,000 could trigger a short-term recovery, although the broader bearish structure would remain intact below 206,000. Overall, the short-term outlook remains bearish, with persistent selling pressure indicating further downside risk.

 

Short term Research Report Call

Buy Above: 192,000 | Targets: 194,000, 196,000 | Stop-loss: 190,000

Sell Below: 188,000 | Targets: 186,000, 184,000 | Stop-loss: 190,000

 

Short term Chart

 

Disclaimer: Investment in securities/commodities market subject to market risk, read all the related documents carefully before investing/trading.

Analyst Certification: I/We, Ajith Kamti 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-202500242249.