Short term - Technical Outlook

MCX Crude Oil opened the day with a mildly negative bias, trading near 5,319 per barrel after dropping 0.43% amid ongoing global oversupply concerns and recent weakness triggered by rising US inventories and cautious OPEC+ forecasts. Technically, the short-term trend remains bearish with oil prices consolidating near the lower end of the range and showing limited momentum on the upside.For active traders, any bounce toward 5,350–5,370 may be used to initiate short positions, with a recommended entry near 5,340. Set the stoploss above resistance at 5,385. On the downside, the first target is 5,260, with a further downside level at 5,200 if bearish momentum persists. If prices break and close below 5,200, expect momentum to accelerate toward 5,000 in the coming sessions.Conversely, if crude oil finds support and stabilizes above 5,350, a short-covering rally could push prices to 5,400, but this is likely to face strong supply and profit booking. In summary, sentiment remains cautious and the bias favors selling on rallies unless broader commodity trends reverse decisively.

 

Short term Research Report Call

Buy Above: 5310 | Targets: 5350, 5400 | Stop-loss: 5275
Sell Below: 5270 | Targets: 5230, 5220 | Stop-loss: 5310.

 

Short term Chart

 

 

Short term - Technical Outlook

MCX Gold for today's session is showing signs of consolidation near key support and resistance levels. The price opened around 1,23400 per 10 grams and is hovering near resistance near 1,24400. The immediate support is seen around 1,21800, while broader support zones lie between 1,19500 and 1,17600.The overall bias remains cautiously bullish as long as MCX Gold trades above its key supports. Traders should be alert for any breakout above 1,25000 that can lead to a new upward leg or a breakdown below 1,21500, which can trigger a short-term cooling phase. Risk management with tight stops is advisable due to expected volatility in the commodity.

 

Short term Research Report Call

Buy Above: 122000 | Targets: 123500, 124000 | Stop-loss: 121500
Sell Below: 121300 | Targets: 121000, 120500 | Stop-loss: 122050

 

Short term Chart

 

Short term - Technical Outlook

MCX Natural Gas is expected to trade with a slightly bullish-to-rangebound bias, supported by firm global prices and steady winter-driven demand cues. Price action continues to hold above immediate support levels, indicating that buyers remain active on dips. Momentum indicators such as RSI and MACD show mild upward traction, suggesting that any intraday decline could attract fresh buyingNatural Gas is currently consolidating near short-term resistance but maintains a higher-low structure on the intraday chart, keeping the near-term view positive as long as key supports hold.

 

Short term Research Report Call

Buy Above: 390 | Targets: 400, 410 | Stop-loss: 375
Sell Below: 370 | Targets: 360, 345 | Stop-loss: 390

 

Short term Chart