Daily Commodity Reports

Short term - Technical Outlook

Crude Oil Futures are trading around 8,800, with price remaining under pressure after breaking below the rising channel and the 9,000 support-turned-resistance. The structure remains bearish, with immediate resistance at 9,000, followed by 9,500, while 8,500-8,400 is the immediate support. A sustained break below 8,400 could accelerate the downside toward the next major support at 7,700. Overall, the bias remains bearish below 9,000, with recovery attempts likely to face selling pressure.

 

Short term Research Report Call

Buy Above: 8,800 | Targets: 8,900, 9,000 | Stop-loss: 8,700

Sell Below: 8,600 | Targets: 8,500, 8,400 | Stop-loss: 8,700

Short term Chart

Short term - Technical Outlook

Gold Futures are trading around 1,51,360, with price continuing to consolidate below the 1,55,000 resistance after failing to sustain the recent recovery. The broader structure remains range-bound with 1,50,000 acting as the immediate support, while a break below this level could extend the decline toward 1,46,000. On the upside, a sustained breakout above 1,55,000 would improve the near-term outlook and could open the way toward 1,57,000. Overall, the bias remains cautious below 1,55,000.

 

Short term Research Report Call

Buy Above: 153,000 | Targets: 154,000, 155,000 | Stop-loss: 152,000

Sell Below: 151,000 | Targets: 150,000, 149,000 | Stop-loss: 152,000

 

Short term Chart

Short term - Technical Outlook

Natural Gas Futures are trading around 288.2, after rising sharply from the 270 support and testing the upper boundary of the broader rising channel. Price has faced some profit-taking near the 295 resistance, keeping the immediate setup mildly cautious despite the broader higher-low structure. A sustained breakout above 295 would strengthen the bullish momentum, while 284 remains the immediate support, followed by 270. Overall, the bias remains bullish above 284, with a breakout above 295 likely to reinforce the upside.

 

Short term Research Report Call

Buy Above: 290 | Targets: 295, 300 | Stop-loss: 285

Sell Below: 280 | Targets: 275, 260 | Stop-loss: 285

Short term Chart

Short term - Technical Outlook

Silver Futures are trading around 2,35,983, with price consolidating below the key 2,44,000 resistance after recovering from the 2,30,000 support. The broader structure remains range-bound, with ?2,30,000 providing immediate downside support and 2,15,000 as the next major support. A sustained move above 2,44,000 would strengthen the bullish setup and could trigger a retest of the previous high near ?2,48,000. Overall, the bias remains neutral to mildly cautious above 2,30,000, while a break below 2,30,000 would weaken the setup.

 

Short term Research Report Call

Buy Above: 236,000 | Targets: 238,000, 240,000 | Stop-loss: 234,000

Sell Below: 232,000 | Targets: 230,000, 228,000 | Stop-loss: 234,000

 

Short term Chart