Daily Commodity Reports

Short term - Technical Outlook

Crude oil futures are trading around 9,484, showing renewed buying interest after successfully holding above the crucial 9,200 support region. The recent recovery from the 8,500–8,800 zone has strengthened short-term momentum, with prices gradually forming higher lows. However, the index continues to face resistance near 9,800, where previous recovery attempts encountered selling pressure. A sustained move above 9,800 could strengthen bullish momentum and open the way towards the next major resistance at 10,200. On the downside, 9,200 remains immediate support, followed by 8,800. A decisive break below 9,200 could weaken the recovery and trigger renewed selling pressure. Overall, the short-term outlook remains cautiously bullish, with sustained trading above 9,200 supporting further upside potential.

 

Short term Research Report Call

Buy Above: 9,500 | Targets: 9,600, 9,700 | Stop-loss: 9,400

Sell Below: 9,300 | Targets: 9,200, 9,100 | Stop-loss: 9,400

Short term Chart

Short term - Technical Outlook

Natural gas futures are trading around 268.8, witnessing a modest recovery after a sharp decline from the 318 resistance region towards the crucial 260 support level. The recent breakdown below 290 and 280 has significantly weakened the technical structure, with prices forming lower highs and lower lows, indicating sustained bearish momentum. However, buying interest has emerged near 260, resulting in a minor technical rebound. On the upside, 275–280 acts as immediate resistance, followed by 290, while the major resistance remains at 310. On the downside, 260 continues to serve as crucial support, and a sustained break below this level could extend the decline towards 250–240. Overall, the short-term outlook remains bearish, although the recent recovery from support suggests the possibility of temporary consolidation.

 

Short term Research Report Call

Buy Above: 270 | Targets: 275, 280 | Stop-loss: 265

Sell Below: 260 | Targets: 255, 250 | Stop-loss: 265

 

Short term Chart

Short term - Technical Outlook

Silver futures are trading around 199,840, extending their sharp decline within a well-defined descending channel. The price continues to form lower highs and lower lows, indicating persistent bearish momentum, while the recent breakdown below the crucial 206,000 support level has further strengthened selling pressure. Prices are now approaching the lower boundary of the descending channel near 195,000, which acts as immediate support, followed by 190,000. A sustained break below 195,000 could accelerate the decline towards 190,000. On the upside, 206,000 now acts as immediate resistance, followed by 213,000, while the descending trendline continues to restrict recovery attempts. Overall, the short-term outlook remains strongly bearish, although proximity to the lower channel boundary could trigger a temporary technical rebound.

 

Short term Research Report Call

Buy Above: 200,000 | Targets: 202,000, 204,000 | Stop-loss: 198,000

Sell Below: 196,000 | Targets: 194,000, 192,000 | Stop-loss: 198,000

 

Short term Chart