Daily Commodity Reports

Short term - Technical Outlook

Crude Oil futures are trading near 9,662, with the broader uptrend still intact as price remains within the rising channel. However, the recent rejection from the 10,200 resistance has resulted in a pullback, and price is now testing the 9,500 support and lower trendline area. Holding 9,500 would keep the broader structure intact and could lead to a recovery toward 10,200, while a decisive break below 9,500 would weaken the setup. Overall, the bias remains cautiously weak above 9,500, but momentum is currently consolidating after the recent correction.

 

Short term Research Report Call

Buy Above: 9,700 | Targets: 9,800, 9,900 | Stop-loss: 9,600

Sell Below: 9,500 | Targets: 9,400, 9,300 | Stop-loss: 9,600

Short term Chart

Short term - Technical Outlook

Gold futures are trading near 154,263, showing a recovery from the 150,000 support and gradually forming higher lows. Price is currently approaching the key 156,000 resistance, which remains the major hurdle for a stronger recovery. Supports are placed at 150,000 and 146,000. A decisive breakout above 156,000 would improve the short-term structure and could extend the upside, while failure to clear this resistance may keep gold range-bound. Overall, the bias remains cautiously positive above 150,000, with 156,000 being the key breakout level.

 

Short term Research Report Call

Buy Above: 155,000 | Targets: 156,000, 157,000 | Stop-loss: 154,000

Sell Below: 153,000 | Targets: 152,000, 151,000 | Stop-loss: 154,000

 

Short term Chart

Short term - Technical Outlook

Natural Gas futures are trading near 279.7, with price continuing to hold above the rising trendline and the 272 support, keeping the broader short-term structure constructive despite recent consolidation. Immediate resistance is placed at 285, while immediate support remains at 272 with next support at 265. A sustained breakout above 285 could strengthen the upside momentum toward the higher trendline, whereas a break below 272 would weaken the setup and expose 265. Overall, the bias remains mildly positive above 272, with 285 acting as the key breakout level.

 

Short term Research Report Call

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

Sell Below: 270 | Targets: 265, 260 | Stop-loss: 275

Short term Chart

Short term - Technical Outlook

Silver futures are trading near 242,000, maintaining the recent recovery from the 230,000 support. Price has moved back above the 240,000 area and is now approaching the major 248,000 resistance. The broader chart structure remains constructive while price holds above 240,000, with the next major support at 230,000. A sustained breakout above 248,000 could signal further upside, while rejection from this level could lead to renewed consolidation. Overall, the short-term bias remains cautiously positive above 240,000.

 

Short term Research Report Call

Buy Above: 242,000 | Targets: 244,000, 246,000 | Stop-loss: 240,000

Sell Below: 238,000 | Targets: 236,000, 234,000 | Stop-loss: 240,000

 

Short term Chart