CRUDEOIL
Wednesday 14 January, 2026
Technical Outlook – Crude Oil Futures
Crude Oil has delivered a sharp bullish breakout from a falling channel, confirming a trend reversal after prolonged consolidation. Price rebounded strongly from the major demand zone near 5,010, forming a series of higher highs and higher lows. The impulsive move above 5,303 and 5,433 indicates strong buying interest and short covering. Currently, price is testing the upper resistance zone near 5,515–5,560, where minor profit booking is visible. As long as Crude Oil sustains above 5,430, the bullish momentum remains intact, with scope for continuation toward 5,600+. A failure to hold 5,303 would signal a pullback toward the breakout base near 5,200–5,120. Overall bias remains bullish with healthy retracement risk.
Short-Term Research Report Call
Buy Above: 5,560 Targets: 5,650 – 5,750 Stop-Loss: 5,430
Sell Below: 5,300 Targets: 5,180 – 5,050 Stop-Loss: 5,430
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Validity
16/01/2026
Pivot
5541.67
Buy Above
5568.07
R1
5604.37
R2
5642.32
R3
5709.97
Stop Loss
5558.17
Pivot
5541.67
(All values are in INR)
Sell Below
5515.27
S1
5478.97
S2
5441.02
S3
5373.37
Stop Loss
5525.17
GOLD
Wednesday 14 January, 2026
Technical Outlook – Gold Futures
Gold Futures continue to trade within a well-defined rising channel, indicating that the broader trend remains bullish. Price has recently retested and held above the key demand zone near 134,000, which earlier acted as a strong supply area and is now confirming a support flip. The current consolidation near 142,000–142,500 suggests temporary profit booking near the upper channel band rather than trend exhaustion. As long as Gold sustains above 140,000, the structure favors continuation toward higher levels. A decisive breakout above the 142,700–143,000 resistance zone would open the path for further upside toward 145,000+. However, failure to hold 140,000 could trigger a corrective move toward 136,500–134,000, where fresh buying interest is expected. Overall bias remains bullish with controlled consolidation.
Short-Term Research Report Call
Buy Above: 142,700 Targets: 144,500 – 146,000 Stop-Loss: 140,900
Sell Below: 139,800 Targets: 137,000 – 134,500 Stop-Loss: 141,600
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Validity
05/02/2026
Pivot
142414.00
Buy Above
142908.24
R1
143587.82
R2
144298.29
R3
145564.78
Stop Loss
142722.90
Pivot
142414.00
(All values are in INR)
Sell Below
141919.76
S1
141240.18
S2
140529.71
S3
139263.22
Stop Loss
142105.10
NATURAL GAS
Wednesday 14 January, 2026
Technical Outlook – Natural Gas Futures
Natural Gas remains in a broader bearish structure after a sharp rejection from the upper rising channel near the 470–490 zone. Price has formed a well-defined falling channel, indicating sustained selling pressure. The recent bounce from the 280 demand zone has pushed prices back toward the 310–313 resistance area, which also aligns with prior breakdown support. As long as Natural Gas trades below 313, the structure favors sell-on-rise setups. Any rejection from the falling channel resistance can drag prices back toward 295, followed by a retest of 280. A decisive breakout and sustained move above 320 would be the first sign of trend stabilization, opening room for a recovery toward 340–360. Overall bias remains bearish to neutral, with short-term direction dependent on price behavior near the 310–313 zone.
Short-Term Research Report Call
Buy Above: 320 Targets: 340 – 360 Stop-Loss: 305
Sell Below: 305 Targets: 295 – 280 Stop-Loss: 320
Click here to view PDF
Validity
27/01/2026
Pivot
290.17
Buy Above
295.53
R1
302.90
R2
310.60
R3
324.34
Stop Loss
293.52
Pivot
290.17
(All values are in INR)
Sell Below
284.81
S1
277.44
S2
269.73
S3
256.00
Stop Loss
286.82
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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