CRUDEOIL
Tuesday 13 January, 2026
Technical Outlook – Crude Oil Futures
Crude Oil Futures are currently trading in a range-bound structure after recovering from lower support levels. Price has rebounded strongly from the 5,010 demand zone, indicating solid buying interest at lower levels. However, the upside remains capped near the 5,430–5,450 resistance zone, where repeated rejections are visible, highlighting strong supply pressure. The recent move shows price attempting to sustain above the 5,300 pivot zone, which acts as an immediate decision level. As long as crude trades above 5,120, the short-term bias remains mildly positive with scope for a retest of higher resistance. A failure to hold 5,120 would indicate renewed weakness and could drag prices back toward 5,010. Overall, the structure suggests range trading with high volatility, and a directional move will only emerge on a decisive breakout or breakdown from the current zone.
Short-Term Research Trade Plan – Crude Oil
Buy Above: 5,400 Targets: 5,500 – 5,500 Stop-Loss: 5,200
Sell below : 5,300 Targets: 5,200 – 5,100 Stop-Loss: 5,520
Click here to view PDF
Validity
16/01/2026
Pivot
5325.00
Buy Above
5339.08
R1
5358.44
R2
5378.68
R3
5414.76
Stop Loss
5333.80
Pivot
5325.00
(All values are in INR)
Sell Below
5310.92
S1
5291.56
S2
5271.32
S3
5235.24
Stop Loss
5316.20
GOLD
Tuesday 13 January, 2026
Technical Outlook – Gold Futures
Gold Futures continue to trade within a well-defined rising channel, maintaining a strong bullish structure on the medium-term timeframe. Price has successfully broken above the previous supply zone around 140,500–140,700 and is now sustaining above this zone, which has flipped into a strong demand/support area. The recent pullback from the channel resistance is corrective in nature and has not damaged the overall trend structure. As long as prices hold above 140,500, the bullish bias remains intact, with higher highs and higher lows still respected. Immediate resistance is placed near 142,500–143,000, where profit booking can emerge. A decisive breakdown below 140,500 would signal short-term weakness and may drag prices toward 138,500, but unless this level is violated, dips are expected to attract buying interest. Overall, trend strength remains positive with continuation bias on the upside.
Short-Term Research Report Call
Buy Above: 140,500 Targets: 142,500 – 143,200 Stop-Loss: 139,800
Sell Below: 140,000 Targets: 138,500 – 137,800 Stop-Loss: 141,000
Click here to view PDF
Validity
05/02/2026
Pivot
141377.33
Buy Above
141841.33
R1
142479.33
R2
143146.33
R3
144335.33
Stop Loss
141667.33
Pivot
141377.33
(All values are in INR)
Sell Below
140913.33
S1
140275.33
S2
139608.33
S3
138419.33
Stop Loss
141087.33
NATURALGAS
Tuesday 13 January, 2026
Technical Outlook – Natural Gas Futures
Natural Gas Futures remain in a broader corrective downtrend after a sharp breakdown from the earlier rising channel. Price is currently trading near the 300–305 support zone, which is a critical demand area and aligns with prior swing lows. The recent bounce from sub-300 levels suggests short-covering and minor demand emergence, but the overall structure still favors sell-on-rise unless price decisively reclaims higher resistance zones. Immediate upside resistance is placed near 320–330, followed by a stronger supply zone around 345–350, where previous breakdown occurred. As long as Natural Gas trades below 330, the trend bias remains bearish, and rallies are likely to face selling pressure. A sustained break below 300 would expose deeper downside toward 280–255, while only a strong close above 350 would indicate a meaningful trend reversal.
Short-Term Research Report Call – Natural Gas
Buy Above: 330 Targets: 345 – 370 Stop-Loss: 318
Sell Below: 300 Targets: 280 – 255 Stop-Loss: 312
Click here to view PDF
Validity
27/01/2026
Pivot
299.57
Buy Above
302.38
R1
306.25
R2
310.30
R3
317.52
Stop Loss
301.33
Pivot
299.57
(All values are in INR)
Sell Below
296.75
S1
292.88
S2
288.83
S3
281.61
Stop Loss
297.81
Market Commentary
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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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