Daily Commodity Reports

Short term - Technical Outlook

Crude oil futures are trading around 8,980, showing renewed recovery momentum after finding buying support near the 8,400–8,500 zone. The price has gradually moved higher and is now approaching the immediate resistance at 9,000, which has repeatedly restricted upside attempts. A sustained breakout above 9,000 could strengthen bullish momentum and open the way towards 9,200–9,500. On the downside, immediate support is placed near 8,700, followed by the crucial support at 8,400 and 7,700. Overall, the short-term outlook remains neutral to cautiously positive, with a decisive move above 9,000 required to confirm further recovery.

 

Short term Research Report Call

Buy Above: 9,000 | Targets: 9,100, 9,200 | Stop-loss: 8,900

Sell Below: 8,800 | Targets: 8,700, 8,600 | Stop-loss: 8,900

Short term Chart

Short term - Technical Outlook

Gold futures are trading around 149,540, witnessing renewed selling pressure after failing to sustain the recent recovery towards the 151,500–152,000 resistance zone. The price continues to consolidate below the crucial 152,000 level, while the broader technical structure remains weak following the earlier breakdown from the rising channel. Immediate support is placed near 148,000, followed by the major support levels at 146,000 and 140,000. On the upside, 152,000 remains the key resistance, and a sustained breakout above this level could trigger a recovery towards 154,000–156,000. Overall, the short-term outlook remains neutral to cautious, with sustained trading below 152,000 keeping upside momentum restricted.

 

Short term Research Report Call

Buy Above: 150,000 | Targets: 151,000, 152,000 | Stop-loss: 149,000

Sell Below: 148,000 | Targets: 147,000, 146,000 | Stop-loss: 149,000

 

Short term Chart

Short term - Technical Outlook

Natural gas futures are trading around 302.3, witnessing renewed selling pressure after failing to sustain the recent rally towards the crucial resistance at 318. The price has formed another rejection near this resistance zone, followed by a sharp decline towards 300, indicating increased profit booking at higher levels. Despite the correction, the broader technical structure remains relatively positive as prices continue to trade above the major breakout support at 290. On the upside, 310–318 remains the immediate resistance zone, and a sustained breakout above 318 could trigger further upside towards 325–330. On the downside, a break below 300 could extend the correction towards 290, followed by 270. Overall, the short-term outlook remains cautious, with near-term selling pressure persisting below 318.

 

Short term Research Report Call

Buy Above: 310 | Targets: 315, 320 | Stop-loss: 305

Sell Below: 300 | Targets: 295, 290 | Stop-loss: 305

Short term Chart

Short term - Technical Outlook

Silver futures are trading around 223,039, continuing to witness selling pressure after the recent recovery failed to sustain above 228,000. The price remains in a broader downtrend, with a series of lower highs and lower lows indicating persistent weakness. Immediate support is placed at 220,000, followed by 215,000, while resistance stands at 230,000 and 236,000. A sustained break below 220,000 could accelerate selling pressure towards 215,000, whereas a recovery above 230,000 would be required to improve near-term momentum. Overall, the short-term outlook remains cautious, with prices approaching the crucial 220,000 support zone.

 

Short term Research Report Call

Buy Above: 224,000 | Targets: 226,000, 228,000 | Stop-loss: 222,000

Sell Below: 220,000 | Targets: 218,000, 216,000 | Stop-loss: 222,000

 

Short term Chart