Daily Commodity Reports

Short term - Technical Outlook

Crude Oil is trading near 7,835, opening the session at 7,860 and slipping to a low of 7,780 before stabilizing. The pullback follows a recent push through the 8,000s, with today's mild red candle continuing a broader corrective phase rather than marking a fresh breakdown.

The broader trend has cooled after an extended climb in recent sessions. That advance has since faded, with price now trading beneath every short-term moving average, from the nearest hurdle near 7,880 up through resistance closer to 8,085. Support at 7,795 is the level buyers need to defend to keep the broader structure intact, with firmer demand waiting near 7,735 underneath that.

A recovery back above 7,955 would ease the pressure and open a path toward 8,000 and 8,045. A slip below 7,795 would extend the decline toward 7,750 and 7,705, and until either level gives way, price is likely to keep drifting inside this band.

 

Short term Research Report Call

Buy Above: 7,955 | Targets: 8,000, 8,045 | Stop-loss: 7,910

Sell Below: 7,795 | Targets: 7,750, 7,705 | Stop-loss: 7,840

 

 

Short term - Technical Outlook

Gold is trading near 163,030, opening the session at 162,750 and reaching a high of 163,350 before easing back as the earlier rally paused for breath. The retracement follows a strong advance through recent sessions, and the shallow size of today's pullback points to digestion rather than any change in the underlying trend.

The broader structure remains firmly bullish, with the climb from lower levels still intact and no meaningful break yet in the pattern of higher highs and higher lows. Resistance near 163,320 sits just above current price and marks the first hurdle ahead of the more significant level above it, while support at 162,130 is the line buyers need to hold for the uptrend to stay technically sound, with firmer demand near 161,310 underneath that.

A close above 164,180 would reignite the advance and open a path toward 165,680 and 167,180. A break below 162,130 would shift the near-term picture and expose 160,630 and 159,130 beneath it.

 

Short term Research Report Call

Buy Above: 164,180 | Targets: 165,680, 167,180 | Stop-loss: 162,680

Sell Below: 162,130 | Targets: 160,630, 159,130 | Stop-loss: 163,630

 

 

Natural Gas (MCX)

Short term - Technical Outlook

Natural Gas is trading near 265.0, opening the session at 262.5 and climbing to a high of 266.0 as buyers pushed back after a sharp swing lower from levels near 270.0. Today's advance marks the first real recovery attempt following several sessions of failed rallies capped near that same resistance.

The wider pattern has been volatile rather than trending, with sharp rallies off the base near 256.0 giving way to equally fast reversals. Price is now oscillating below the longer moving averages, which are still sloping down from levels near 274.5 and continue to cap the bigger-picture trend, even as the shorter averages near 264.0 to 264.5 sit just beneath current price and reflect an improving near-term tone. Resistance near 267.5 sits between current price and the more significant supply overhead, while deeper support lies near 261.0 if the recovery stalls.

A close above 270.0 would tip the balance toward buyers and open a path toward 272.0 and 274.0. A break back below 264.5 would undercut today's bounce and expose 262.5 and 260.5 beneath it.

 

Short term Research Report Call

Buy Above: 270 | Targets: 272, 274 | Stop-loss: 268

Sell Below: 264.5 | Targets: 262.5, 260.5 | Stop-loss: 266.5

 

 

Short term - Technical Outlook

Silver is trading near 244,440, opening the session at 243,030 and pushing to a high of 244,500 as buyers stepped back in following a steep pullback from recent highs above 247,000. Today's advance follows several sessions of heavy selling that briefly dragged price down toward its shorter moving averages, and the bounce suggests buyers are willing to defend the broader uptrend rather than let it unwind further.

The larger structure remains firmly higher, having advanced in a series of sharp moves with only shallow pullbacks along the way. The recent decline tested that pattern more seriously than usual, but today's recovery keeps the higher-low sequence alive for now, provided support at 242,380 continues to hold. Resistance near 246,170 stands between current price and the key overhead level, with deeper demand near 240,690 in reserve if the bounce fails.

A close back above 247,370 would confirm the uptrend remains the dominant force and open a path toward 249,870 and 252,370. A break below 242,380 would undermine that structure and expose 239,880 and 237,380 beneath it.

 

Short term Research Report Call

Buy Above: 247,370 | Targets: 249,870, 252,370 | Stop-loss: 244,870

Sell Below: 242,380 | Targets: 239,880, 237,380 | Stop-loss: 244,880