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Daily Commodity Reports

CRUDEOIL

Thursday 12 February, 2026

Technical Outlook – MCX Crude Oil 

MCX Crude Oil is currently trading around 5,902, consolidating just below the critical 5,890 – 6,031 resistance band. The broader structure remains bullish, with price still holding above the ascending channel support and maintaining higher highs and higher lows after the rebound from 5,010.However, the recent rejection near 6,031 indicates strong supply overhead. Price is now compressing below resistance, suggesting a potential breakout attempt. A sustained move above 6,031 would confirm bullish continuation toward the upper channel extension, while failure to clear 5,890 could trigger a pullback toward mid-channel support.

 

Short-Term Research Report Call

Buy Above: 6,040    Targets: 6,150 – 6,250 – 6,320    Stop-Loss: 5,880

Sell Below: 5,600     Targets: 5,433 – 5,303 – 5,150    Stop-Loss: 5,750



 

Validity

19/02/2026

Pivot

5900.00

Buy Above

5923.68

R1

5956.24

R2

5990.28

R3

6050.96

Stop Loss

5914.80

Pivot

5900.00

(All values are in INR)

Sell Below

5876.32

S1

5843.76

S2

5809.72

S3

5749.04

Stop Loss

5885.20

GOLD

Thursday 12 February, 2026

Technical Outlook – Natural Gas 

Natural Gas continues to trade in a broader corrective structure after the sharp breakdown from the 410–420 supply zone. Price action remains below the descending trendline, indicating sustained bearish pressure despite minor intraday pullbacks. The recent consolidation near the 285–290 region suggests temporary base formation; however, the structure still reflects lower highs and lower lows. The strong rejection from the 380–400 zone earlier confirms heavy overhead supply, and unless price decisively reclaims 313–320 zone, upside remains capped. Momentum is neutral-to-bearish in the short term, with price hovering near immediate support and volatility contracting, hinting at an impending breakout move.

 

Short-Term Research Report Call

Buy Above: 296   Target: 308 / 320   Stop-Loss: 286

Sell Below: 280    Target: 268 / 256   Stop-Loss: 292




Validity

02/04/2026

Pivot

158835.00

Buy Above

159275.00

R1

159880.00

R2

160512.50

R3

161640.00

Stop Loss

159110.00

Pivot

158835.00

(All values are in INR)

Sell Below

158395.00

S1

157790.00

S2

157157.50

S3

156030.00

Stop Loss

158560.00

NATURALGAS

Thursday 12 February, 2026

Technical Outlook – Natural Gas 

Natural Gas continues to trade in a broader corrective structure after the sharp breakdown from the 410–420 supply zone. Price action remains below the descending trendline, indicating sustained bearish pressure despite minor intraday pullbacks. The recent consolidation near the 285–290 region suggests temporary base formation; however, the structure still reflects lower highs and lower lows. The strong rejection from the 380–400 zone earlier confirms heavy overhead supply, and unless price decisively reclaims 313–320 zone, upside remains capped. Momentum is neutral-to-bearish in the short term, with price hovering near immediate support and volatility contracting, hinting at an impending breakout move.
 

Short-Term Research Report Call

Buy Above: 296  Target: 308 / 320   Stop-Loss: 286

Sell Below: 280   Target: 268 / 256   Stop-Loss: 292

 



Validity

24/02/2026

Pivot

285.87

Buy Above

287.93

R1

290.77

R2

293.74

R3

299.02

Stop Loss

287.16

Pivot

285.87

(All values are in INR)

Sell Below

283.80

S1

280.96

S2

278.00

S3

272.71

Stop Loss

284.58

SILVER

Thursday 12 February, 2026

Technical Outlook – Silver 

Silver is currently trading within a corrective recovery phase after the sharp breakdown seen earlier this month. The price rebounded strongly from the lower demand zone and is now consolidating just below a descending trendline resistance. Structurally, the broader bias remains sideways to mildly bearish unless price sustains above the falling supply trendline. The recent candles indicate compression near resistance, suggesting a potential breakout attempt. A decisive move above the short-term supply band could extend recovery, while rejection near the trendline may resume downward pressure toward the demand base.

 

Short-Term Research Report Call

Buy Above: 268,000   Target: 276,000 / 284,000   Stop-Loss: 262,000

Sell Below: 258,000    Target: 248,000 / 238,000   Stop-Loss: 264,000



Validity

05/03/2026

Pivot

263443.00

Buy Above

265272.60

R1

267788.30

R2

270418.35

R3

275106.70

Stop Loss

264586.50

Pivot

263443.00

(All values are in INR)

Sell Below

261613.40

S1

259097.70

S2

256467.65

S3

251779.30

Stop Loss

262299.50

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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