Daily Commodity Reports

Short term - Technical Outlook

Crude Oil is trading at 8,715, maintaining a weak structure after slipping below the 9,200 resistance and remaining well below the higher resistance at 9,800. The price is currently holding above the immediate support at 8,400, while a break below this level could accelerate the downside toward 7,700. On the upside, 9,200 remains the first key hurdle, followed by 9,800. The overall bias remains bearish, with the trend favouring further weakness unless 9,200 is reclaimed decisively.

 

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 is trading at 149,092, continuing to remain under pressure after breaking below the 152,000 resistance and the earlier rising channel structure. The immediate support is placed at 146,000, while a sustained break below this level could extend the decline toward 140,000. On the upside, 152,000 remains the key resistance, followed by the 154,000–155,000 area. The overall bias remains cautious, with recovery strength likely only on a sustained move above 152,000.

 

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 is trading at 290.8, consolidating around the 290 support after retreating from the recent high near 315. The broader chart continues to show an upward-sloping channel, but near-term momentum has weakened following the pullback. Holding above 290 can keep the possibility of a recovery alive, while the next major resistance is placed at 320. A break below 290 would weaken the structure and expose the next support at 270. The overall bias is neutral to cautious above 290, but a decisive breakout above 320 would strengthen the upside momentum.

 

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 is trading at 223,740, with the recent price action showing a clear deterioration after breaking below the 232,000 support-turned-resistance zone. The metal is now testing the immediate support at 222,000, and a sustained break below this level could open the way toward the next major support at 215,000. On the upside, 232,000 is the first hurdle, followed by 240,000. The overall bias remains cautious as long as the price stays below 232,000.

 

Short term Research Report Call

Buy Above: 226,000 | Targets: 228,000, 230,000 | Stop-loss: 224,000

Sell Below: 222,000 | Targets: 220,000, 218,000 | Stop-loss: 224,000

 

Short term Chart