Daily Commodity Reports

Short term - Technical Outlook

Crude oil futures are trading around 9,550, extending their recent recovery and showing strong bullish momentum after breaking above the psychological 9,000 level. The price has been forming higher highs and higher lows over recent sessions, indicating renewed buying interest following consolidation near 9,200–9,300. The latest upward movement has pushed prices towards the immediate resistance zone at 9,600, with a sustained breakout above this level potentially strengthening momentum towards the next major resistance at 9,800–10,000. On the downside, 9,300–9,200 is expected to provide immediate support, followed by stronger support at 9,000. Overall, the short-term outlook remains bullish, with sustained trading above 9,300 supporting further upside potential.

 

Short term Research Report Call

Buy Above: 9,600 | Targets: 9,700, 9,800 | Stop-loss: 9,500

Sell Below: 9,400 | Targets: 9,300, 9,200 | Stop-loss: 9,500

Short term Chart

Short term - Technical Outlook

Gold futures are trading around 148,000, witnessing a modest recovery after the sharp sell-off that pushed prices towards the 146,000 support region. Despite the rebound, the broader technical structure remains bearish, as prices continue to trade below the key resistance levels and have faced rejection near 148,800, indicating continued selling pressure at higher levels. On the upside, 148,800 remains the immediate resistance, followed by 149,500, while a sustained move above 149,500 could strengthen recovery momentum towards 150,800–151,500. On the downside, 147,500 acts as immediate support, followed by 147,200, while a decisive break below these levels could expose the 146,000 region. Overall, the short-term outlook remains cautiously bearish, with the recent rebound indicating some buying interest near lower levels, although a sustained recovery above the key resistance zone is needed to improve the technical outlook.

 

Short term Research Report Call

Buy Above: 148,000 | Targets: 149,000, 150,000 | Stop-loss: 147,000

Sell Below: 146,000 | Targets: 145,000, 144,000 | Stop-loss: 147,000

 

Short term Chart

Short term - Technical Outlook

Natural gas futures are trading around 298.3, witnessing a modest recovery after the sharp sell-off that pushed prices towards the 292 region. However, the broader short-term trend remains bearish, as prices continue to trade below the crucial 303.5–304.5 resistance zone, indicating sustained selling pressure despite the recent rebound. The breakdown from the 303–304 region has weakened the technical structure, with these levels now acting as immediate resistance. A sustained recovery above 304.5 could trigger a short-term rebound towards 311, while a decisive breakout above this level could open the way towards 316. On the downside, 296 remains the immediate support, followed by the crucial 292 level, while a sustained break below 292 could extend the correction towards 286. Overall, the short-term outlook remains cautiously bearish, with the recent recovery appearing corrective unless prices reclaim the 303.5–304.5 resistance zone.

 

Short term Research Report Call

Buy Above: 300 | Targets: 305, 310 | Stop-loss: 295

Sell Below: 290 | Targets: 285, 280 | Stop-loss: 295

 

Short term Chart

Short term - Technical Outlook

Silver futures are trading around 211,400, witnessing a modest recovery after the recent sharp sell-off that pushed prices towards the 208,000 region. However, the broader short-term trend remains bearish, as prices have faced rejection near the 213,000–214,000 resistance zone and are currently forming lower highs and lower lows, indicating continued selling pressure. The recent breakdown from the 217,500 region has weakened the technical structure, with 213,000 and 214,000 now acting as immediate resistance levels. A sustained recovery above 214,000 could trigger a short-term rebound towards 217,500, while failure to reclaim this zone may keep selling pressure intact. On the downside, 210,500 remains the immediate support, followed by 210,000, while a break below these levels could expose the 208,000 region. Overall, the short-term outlook remains cautiously bearish, with the recent recovery appearing corrective unless prices manage to reclaim the key resistance zone.

 

Short term Research Report Call

Buy Above: 214,000 | Targets: 216,000, 218,000 | Stop-loss: 212,000

Sell Below: 210,000 | Targets: 208,000, 206,000 | Stop-loss: 212,000

 

Short term Chart