Daily Commodity Reports

Short term - Technical Outlook

Crude oil futures are trading around 8,957, continuing to consolidate near the crucial 9,000 resistance level after recovering from the recent lows around 8,400–8,500. The price has witnessed repeated buying interest at lower levels, indicating improving near-term sentiment, although upside momentum remains restricted below 9,000–9,200. A sustained breakout above 9,000 could strengthen recovery momentum and push prices towards 9,200, followed by the major resistance at 9,500. On the downside, immediate support is placed near 8,700, followed by 8,400 and 7,700. Overall, the short-term outlook remains neutral to cautiously positive, with a decisive breakout above 9,000 required to confirm further upside momentum.

 

Short term Research Report Call

Buy Above: 9,000 | Targets: 9,100, 9,200 | Stop-loss: 8,900

Sell Below: 8,800 | Targets: 8,700, 8,600 | Stop-loss: 8,900

Short term Chart

Short term - Technical Outlook

Gold futures are trading around 148,290, witnessing renewed selling pressure after failing to sustain the recent recovery towards the 151,500–152,000 resistance zone. The price continues to form lower highs and remains below the crucial 152,000 level, indicating persistent weakness in the broader technical structure following the earlier breakdown from the rising channel. Immediate support is placed near 148,000, followed by the major support at 146,000 and 140,000. On the upside, 150,000–152,000 remains the key resistance zone, and a sustained breakout above 152,000 could trigger a recovery towards 154,000–156,000. Overall, the short-term outlook remains cautiously bearish, with a break below 148,000 likely to increase selling pressure towards 146,000.

 

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 futures are trading around 313.2, witnessing a strong rebound from the recent lows near 298–300, indicating renewed buying interest after the recent correction. The price has recovered sharply and is once again approaching the crucial resistance at 318, which has repeatedly restricted upside momentum. The broader technical structure remains positive as prices continue to trade above the major breakout support at 290. On the upside, a sustained breakout above 318 could strengthen bullish momentum and open the way towards 325–332. On the downside, immediate support is placed near 305–300, followed by the crucial support at 290 and 270. Overall, the short-term outlook remains cautiously bullish, with sustained trading above 300 supporting further recovery attempts towards 318.

 

Short term Research Report Call

Buy Above: 315 | Targets: 320, 325 | Stop-loss: 310

Sell Below: 305 | Targets: 300, 295 | Stop-loss: 310

Short term Chart

Short term - Technical Outlook

Silver futures are trading around 218,800, extending their downward movement as selling pressure continues to dominate following the breakdown below 228,000. The price has been consistently forming lower highs and lower lows, indicating a sustained bearish trend, while the recent decline below 220,000 has further weakened near-term momentum. Immediate support is placed at 216,000, followed by the major support at 210,000. On the upside, 220,000–224,000 acts as the immediate resistance zone, followed by the stronger resistance at 228,000 and 236,000. A sustained break below 216,000 could accelerate selling pressure towards 210,000, whereas a recovery above 228,000 would be required to signal a meaningful improvement in momentum. Overall, the short-term outlook remains bearish, with downside risks persisting as long as prices remain below 228,000.

 

Short term Research Report Call

Buy Above: 222,000 | Targets: 224,000, 226,000 | Stop-loss: 220,000

Sell Below: 218,000 | Targets: 216,000, 214,000 | Stop-loss: 220,000

 

Short term Chart