Short term - Technical Outlook

MCX Crude Oil remains in a weak to bearish phase on the medium-term chart. The earlier rising trendline has been decisively broken, confirming a shift from an uptrend to a distribution-to-downtrend structure. Price has failed to reclaim the previous breakout support near 5,400, which has now turned into a strong resistance zone. The market continues to form lower highs and lower lows, indicating persistent selling pressure. The sharp fall from the 5,850–5,900 region marked a trend reversal, followed by range-bound consolidation and another leg lower. A breakdown below 5,000 could accelerate declines toward 4,900–4,850. Sustaining above 5,400 is crucial to neutralize bearish pressure. As long as crude trades below 5,400, the risk remains skewed to the downside. Only a decisive breakout above 5,400–5,450 could signal stabilization and open room for a recovery toward 5,600.

Short term Research Report Call

Buy Above: 5100 | Targets: 5115 , 5130 | Stop-loss: 5050
Sell Below: 5050 | Targets: 5030 , 5000 | Stop-loss: 4960.

Short term Chart

Short term - Technical Outlook

Gold continues to trade in a well-defined rising channel, indicating that the primary trend remains bullish, despite short-term consolidation near the upper band of the channel. Price action shows higher highs and higher lows, confirming an ongoing uptrend. The earlier correction successfully held above the key base around 120,300, reinforcing medium-term bullish structure. Immediate Support at 133,000–132,500 (channel mid / recent breakout area), whereas major Support is at 130,000–129,500 (lower channel support). Immediate Resistance at 135,000–135,600. Above 132,500–133,000: Favors continuation toward 135,500–137,000. Below 130,000: Would signal deeper corrective phase, though trend remains positive above 120,300. Dips toward channel support can be considered buy-on-decline opportunities, while aggressive longs should wait for a decisive breakout above 135,600 with volume confirmation.

Short term Research Report Call

Buy Above: 135500 | Targets: 140000 , 140500 | Stop-loss: 135000
Sell Below: 133650 | Targets: 133000 , 132750 | Stop-loss: 134150.

Short term Chart

Short term - Technical Outlook

MCX Natural Gas has seen a sharp trend reversal after failing to sustain above the rising channel, shifting the near-term structure from bullish to corrective–bearish. Price has broken down decisively below the rising channel, confirming exhaustion at higher levels near 480–490. The sequence of lower highs and lower lows since the breakdown signals increasing selling pressure. The strong up-move has been completely retraced into a distribution-to-correction phase. Immediate Support: 353–350, Major Support: 334 (critical base). A break below 334 could extend the fall toward 320–300. Major Resistance: 392–400 (previous support turned resistance). Below 392–400, the path of least resistance remains lower. Only a sustained recovery above 400 would stabilize the structure and open scope for a move back toward 430–450. Short-term traders may prefer a sell-on-rise approach near resistance, while positional traders should wait for either a base formation near 334 or a decisive reclaim of 400 before considering fresh long exposure.

Short term Research Report Call

Buy Above: 360 | Targets: 375 , 390 | Stop-loss: 350
Sell Below: 350 | Targets: 345 , 340 | Stop-loss: 355

Short term Chart