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Daily Commodity Reports

CRUDEOIL

Friday 13 February, 2026

Technical Outlook – Crude Oil 

Crude Oil has slipped sharply from the 5,890–6,030 supply cluster and is now trading back below the mid-channel support region. The structure shows a rejection from the upper boundary of the rising channel followed by strong bearish momentum, indicating distribution at higher levels. Price is currently hovering near the 5,680–5,700 zone, and sustained trading below 5,700 keeps short-term bias negative. If selling pressure continues, the market is likely to test the horizontal demand base near 5,600, and a breakdown below that could accelerate further downside. Only a recovery above 5,890 would negate immediate bearish pressure and re-open the path toward the upper supply zone."


 

Short-Term Research Report Call

Buy Above: 5,900   Target: 5,980 / 6,050   Stop-Loss: 5,820

Sell Below: 5,650    Target: 5,580 / 5,500    Stop-Loss: 5,730




Validity

19/02/2026

Pivot

5755.00

Buy Above

5791.64

R1

5842.02

R2

5894.69

R3

5988.58

Stop Loss

5777.90

Pivot

5755.00

(All values are in INR)

Sell Below

5718.36

S1

5667.98

S2

5615.31

S3

5521.42

Stop Loss

5732.10

GOLD

Friday 13 February, 2026

Technical Outlook:
Gold Futures  has witnessed a sharp bearish rejection from the 159,400 supply zone and is currently trading near 152,250 after a strong impulsive red candle breakdown. Price has failed to sustain above the mid-range resistance and is now approaching the 151,960 support area. The broader structure shows lower highs forming after the major rejection from 175,817, indicating short-term distribution. Momentum has shifted negative, and unless price reclaims 159,464 decisively, downside pressure may extend toward the demand cluster around 145,000–140,000.

 

Short-Term Research Report Call

Buy Above: 159500   Target: 166400 / 175800   Stop-Loss: 151900

Sell Below: 151900   Target: 145000 / 140000   Stop-Loss: 159500



Validity

02/04/2026

Pivot

153840.33

Buy Above

155249.77

R1

157187.75

R2

159213.82

R3

162825.51

Stop Loss

154721.23

Pivot

153840.33

(All values are in INR)

Sell Below

152430.89

S1

150492.91

S2

148466.84

S3

144855.15

Stop Loss

152959.43

NATURALGAS

Friday 13 February, 2026

Technical Outlook – Natural Gas 

Natural Gas continues to trade under a well-defined descending trendline, indicating sustained bearish control on the higher time frame. After the sharp breakdown from the 410–420 rejection zone, price formed a lower high and resumed its decline, confirming continuation of the downtrend. Currently trading near 293, the structure reflects weak pullbacks and compression near immediate support. The zone around 280 remains a critical demand base; a decisive breakdown below this level could extend the decline toward the lower structural support near 255. On the upside, only a sustained breakout and close above the descending trendline would signal short-covering and shift short-term momentum positive. Until then, rallies are likely to face selling pressure.

 

Short-Term Research Report Call

Buy Above: 305   Target: 320 / 335   Stop-Loss: 295

Sell Below: 285    Target: 270 / 255   Stop-Loss: 295


Validity

24/02/2026

Pivot

294.57

Buy Above

296.57

R1

299.32

R2

302.19

R3

307.32

Stop Loss

295.82

Pivot

294.57

(All values are in INR)

Sell Below

292.57

S1

289.82

S2

286.94

S3

281.82

Stop Loss

293.32

SILVER

Friday 13 February, 2026

Technical Outlook:
Silver Futures  has registered a sharp bearish breakdown with a high-momentum sell candle slicing through the 266,683 support and accelerating toward the 237,000 demand zone. The structure confirms a lower high formation below 284,709 after a strong rejection from 408,765, indicating a clear shift from bullish channel to distribution phase. The trendline breakdown and inability to sustain above 266k reflect persistent selling pressure. As long as price trades below 266,683, the bias remains negative, with downside extension possible toward the broader demand band near 230,000–220,000.

 

Short-Term Research Report Call

Buy Above: 266700   Target: 284700 / 292200  Stop-Loss: 255000

Sell Below: 237000   Target: 230000 / 220000   Stop-Loss: 255000


Validity

05/03/2026

Pivot

244644.00

Buy Above

249132.48

R1

255304.14

R2

261756.33

R3

273258.06

Stop Loss

247449.30

Pivot

244644.00

(All values are in INR)

Sell Below

240155.52

S1

233983.86

S2

227531.67

S3

216029.94

Stop Loss

241838.70

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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