Daily Commodity Reports

Short term - Technical Outlook

Crude Oil Futures are trading near 10,216, maintaining a strong bullish structure after decisively moving above the 10,000 support. The sharp upward move within the rising channel indicates sustained buying interest, although the recent advance has brought price closer to the next resistance levels. 10,400 is the immediate resistance, followed by 10,800, while 10,000 has now emerged as an important support. A sustained hold above 10,000 keeps the broader upside structure intact, whereas a break below this level could trigger a deeper correction toward 9,500. Overall bias remains bullish, with momentum favouring further upside while price holds above 10,000.

Short term Research Report Call

Buy Above: 10,200 | Targets: 10,300, 10,400 | Stop-loss: 10,100

Sell Below: 10,000 | Targets: 9,900, 9,800 | Stop-loss: 10,100

Short term Chart

Short term - Technical Outlook

Natural Gas Futures are trading around 280, consolidating below the key 285 resistance after recovering from the 272–265 support zone. The price continues to hold within a broader rising channel, with the recent rebound from the lower channel support keeping the near-term structure positive. A sustained breakout above 285 would strengthen the bullish setup and open the possibility of a move toward the upper channel, while failure to clear 285 could result in another consolidation phase. On the downside, 272 remains the immediate support, followed by 265 and the rising channel support. Overall bias remains mildly bullish above 272, with stronger momentum expected only above 285.

Short term Research Report Call

Buy Above: 280 | Targets: 285, 290 | Stop-loss: 275

Sell Below: 265 | Targets: 260, 255 | Stop-loss: 270

Short term Chart