CRUDEOIL
Friday 13 February, 2026
Crude Oil has slipped sharply from the 5,890–6,030 supply cluster and is now trading back below the mid-channel support region. The structure shows a rejection from the upper boundary of the rising channel followed by strong bearish momentum, indicating distribution at higher levels. Price is currently hovering near the 5,680–5,700 zone, and sustained trading below 5,700 keeps short-term bias negative. If selling pressure continues, the market is likely to test the horizontal demand base near 5,600, and a breakdown below that could accelerate further downside. Only a recovery above 5,890 would negate immediate bearish pressure and re-open the path toward the upper supply zone."
Buy Above: 5,900 Target: 5,980 / 6,050 Stop-Loss: 5,820
Sell Below: 5,650 Target: 5,580 / 5,500 Stop-Loss: 5,730
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Validity
19/02/2026
Pivot
5755.00
Buy Above
5791.64
R1
5842.02
R2
5894.69
R3
5988.58
Stop Loss
5777.90
Pivot
5755.00
(All values are in INR)
Sell Below
5718.36
S1
5667.98
S2
5615.31
S3
5521.42
Stop Loss
5732.10
GOLD
Friday 13 February, 2026
Technical Outlook:
Gold Futures has witnessed a sharp bearish rejection from the 159,400 supply zone and is currently trading near 152,250 after a strong impulsive red candle breakdown. Price has failed to sustain above the mid-range resistance and is now approaching the 151,960 support area. The broader structure shows lower highs forming after the major rejection from 175,817, indicating short-term distribution. Momentum has shifted negative, and unless price reclaims 159,464 decisively, downside pressure may extend toward the demand cluster around 145,000–140,000.
Short-Term Research Report Call
Buy Above: 159500 Target: 166400 / 175800 Stop-Loss: 151900
Sell Below: 151900 Target: 145000 / 140000 Stop-Loss: 159500
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Validity
02/04/2026
Pivot
153840.33
Buy Above
155249.77
R1
157187.75
R2
159213.82
R3
162825.51
Stop Loss
154721.23
Pivot
153840.33
(All values are in INR)
Sell Below
152430.89
S1
150492.91
S2
148466.84
S3
144855.15
Stop Loss
152959.43
NATURALGAS
Friday 13 February, 2026
Natural Gas continues to trade under a well-defined descending trendline, indicating sustained bearish control on the higher time frame. After the sharp breakdown from the 410–420 rejection zone, price formed a lower high and resumed its decline, confirming continuation of the downtrend. Currently trading near 293, the structure reflects weak pullbacks and compression near immediate support. The zone around 280 remains a critical demand base; a decisive breakdown below this level could extend the decline toward the lower structural support near 255. On the upside, only a sustained breakout and close above the descending trendline would signal short-covering and shift short-term momentum positive. Until then, rallies are likely to face selling pressure.
Buy Above: 305 Target: 320 / 335 Stop-Loss: 295
Sell Below: 285 Target: 270 / 255 Stop-Loss: 295
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Validity
24/02/2026
Pivot
294.57
Buy Above
296.57
R1
299.32
R2
302.19
R3
307.32
Stop Loss
295.82
Pivot
294.57
(All values are in INR)
Sell Below
292.57
S1
289.82
S2
286.94
S3
281.82
Stop Loss
293.32
SILVER
Friday 13 February, 2026
Technical Outlook:
Silver Futures has registered a sharp bearish breakdown with a high-momentum sell candle slicing through the 266,683 support and accelerating toward the 237,000 demand zone. The structure confirms a lower high formation below 284,709 after a strong rejection from 408,765, indicating a clear shift from bullish channel to distribution phase. The trendline breakdown and inability to sustain above 266k reflect persistent selling pressure. As long as price trades below 266,683, the bias remains negative, with downside extension possible toward the broader demand band near 230,000–220,000.
Short-Term Research Report Call
Buy Above: 266700 Target: 284700 / 292200 Stop-Loss: 255000
Sell Below: 237000 Target: 230000 / 220000 Stop-Loss: 255000
Click here to view PDF
Validity
05/03/2026
Pivot
244644.00
Buy Above
249132.48
R1
255304.14
R2
261756.33
R3
273258.06
Stop Loss
247449.30
Pivot
244644.00
(All values are in INR)
Sell Below
240155.52
S1
233983.86
S2
227531.67
S3
216029.94
Stop Loss
241838.70
Market Commentary
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Note: Above information is not recommending any buy or sell position, this is for your reference only and trading or investment in commodities & derivatives is subject to market risk.
Disclaimer: Investment in securities/commodities market subject to market risk, read all the related documents carefully before investing/trading.
Analyst Certification: I/We, Ayushi Jain Research Analyst, authors, and the name subscribed to this report, hereby certify that all the views expressed in this research report accurately reflect our views about the subject issuer(s) or securities. We also certify that no part of our compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or view(s) in this report. NISM Research Analyst registration number – NISM-201900015194.
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