CRUDEOIL
Monday 16 March, 2026
Short term - Technical Outlook
Crude Oil futures are currently trading near 9080, showing a strong impulsive green candle after recent volatility. The price has formed a prominent green candle with increased volatility, indicating short-term buying momentum or acceptance near the upper levels following the breakout from the 8970-9000 zone.
The overall structure remains strongly bullish on the higher timeframe, supported by the ascending trendline from the 7,230 base. The recent advance has been impulsive with multiple higher highs, and the latest session's strength suggests continuation after the previous consolidation. A sustained close above 9,100–9,200 could resume upside acceleration toward 9,300–9700 or higher targets.
On the downside, immediate support lies near 8,970–8950, followed by stronger levels near 8,500–7,229. A breakdown below 8,969 may invite deeper corrective pressure toward 8,650–8300, though the dominant bullish trend favors buyers on dips unless clear rejection persists.
Short term Research Report Call
Buy Above: 9200 | Targets: 9240, 9280 | Stop-loss: 9160
Sell Below: 8950 | Targets: 8940, 8900 | Stop-loss: 9010
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Validity
19/03/2026
Pivot
8897.00
Buy Above
8986.76
R1
9110.18
R2
9239.21
R3
9469.22
Stop Loss
8953.10
Pivot
8897.00
(All values are in INR)
Sell Below
8807.24
S1
8683.82
S2
8554.79
S3
8324.78
Stop Loss
8840.90
GOLD
Monday 16 March, 2026
Short term - Technical Outlook
Gold futures are currently trading near 157,200, showing a pullback with a small red candle after testing higher levels around 158,530. The price is below the previous consolidation zone near 163,000–158,000, preserving the short-term bullish structure despite the recent corrective move and reduced momentum in the latest session.
The current zone around 158,400–159,000 displays smaller candles and lower volatility, reflecting indecision and equilibrium between buyers and sellers near the upper part of the recent range. The area near 159,953–160,000 continues to act as a near-term supply zone with prior resistance tests. A decisive breakout and sustained close above 159,953–160,000 could confirm fresh bullish strength and target 161,000–163,464 or higher toward 164,000 levels.
On the downside, immediate support lies near 157,000–156,950, followed by stronger structural support at 155,000–156,000. A breakdown below 156,900 may trigger short-term corrective pressure toward 150,000–154,000 levels, though the dominant uptrend favors buyers on dips unless a clear break occurs.
Short term Research Report Call
Buy Above: 159,000 | Targets: 160,500, 162,000 | Stop-loss: 157,500
Sell Below: 156,000 | Targets: 154,500, 152,000 | Stop-loss: 157,500
Click here to view PDF
Validity
02/04/2026
Pivot
158893.00
Buy Above
159394.28
R1
160083.54
R2
160804.13
R3
162088.66
Stop Loss
159206.30
Pivot
158893.00
(All values are in INR)
Sell Below
158391.72
S1
157702.46
S2
156981.87
S3
155697.34
Stop Loss
158579.70
NATURALGAS
Monday 16 March, 2026
Short term - Technical Outlook
Natural Gas futures are currently trading near 288, showing negative momentum with a small red candle after recent volatility. The price is holding above the ascending trendline connecting higher lows from the base near 270–273, maintaining a short-term bullish structure despite the consolidation and lack of strong follow-through in the latest sessions.
The current zone around 292–295 displays smaller candles and reduced volatility, indicating hesitation and balance between buyers and sellers near the upper boundary of the recent advance. The area near 305 continues to act as a persistent supply barrier with prior rejection tests. A decisive breakout and sustained close above 295-297 could confirm renewed bullish momentum and target 300–305 or higher toward 310 levels.
On the downside, immediate support lies near 290–288, followed by stronger structural support at 280-270. A breakdown below 286 may invite short-term corrective pressure toward 280–270 levels, though the dominant uptrend favors buyers on dips unless a clear break occurs.
Short term Research Report Call
Buy Above: 295 | Targets: 297, 300 | Stop-loss: 293
Sell Below: 285 | Targets: 283, 280 | Stop-loss: 287
Click here to view PDF
Validity
26/03/2026
Pivot
296.13
Buy Above
299.22
R1
303.47
R2
307.91
R3
315.82
Stop Loss
298.06
Pivot
296.13
(All values are in INR)
Sell Below
293.05
S1
288.80
S2
284.36
S3
276.45
Stop Loss
294.20
SILVER
Monday 16 March, 2026
Short term - Technical Outlook
Silver futures are currently trading near 255,200, showing a corrective pullback with a small green candle after failing to sustain above the 255,000–260,000 zone. The price remains in a short-term downtrend channel, respecting the descending trendline connecting lower highs from the peak near 279,050, with consistent seller pressure limiting upside attempts despite occasional green candles.
The broader structure is range-bound to bearish-biased between the overhead supply at 260,954–268,688 and the key demand base near 252,500–253,00. The current consolidation near 259,000–260,000 is acting as short-term resistance, with the latest session displaying controlled selling and hesitation near the upper channel boundary. A decisive breakout and sustained close above 260,000 could signal short-term relief rally toward 264,000–268,688 and potentially challenge higher levels near 270,000.
On the downside, immediate support lies near 252,000–253,000, followed by stronger structural demand at 243,000 levels if breakdown occurs. A clear break below 252,000 would confirm renewed bearish momentum and invite deeper corrective pressure toward lower extensions.
Short term Research Report Call
Buy Above: 260,000 | Targets: 263,000, 266,000 | Stop-loss: 257000
Sell Below: 254,000 | Targets: 252,000, 249000 | Stop-loss: 257,000
Click here to view PDF
Validity
05/05/2026
Pivot
261031.67
Buy Above
263385.59
R1
266622.23
R2
270005.99
R3
276037.91
Stop Loss
262502.87
Pivot
261031.67
(All values are in INR)
Sell Below
258677.75
S1
255441.11
S2
252057.35
S3
246025.43
Stop Loss
259560.47
Market Commentary
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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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