Daily Commodity Reports

Short term - Technical Outlook

Crude oil futures have continued to hold a positive tone, with the contract trading near the 8,760 level after recovering from the recent pullback from the 8,800 zone. On the upside, 8,770 remains the immediate resistance, followed by the stronger 8,800 zone. A sustained breakout and close above 8,800 could strengthen the bullish structure and open the way towards the 8,900 level. A decisive move above 8,900 could further extend the upside momentum.  

On the downside, 8,644 remains the immediate support, followed by the stronger 8,595 zone. Holding above these levels would help maintain the current recovery structure. However, a decisive break below 8,595 could trigger corrective pressure towards 8,470–8,420. Momentum indicators remain positive, with RSI around 65, indicating strong buying momentum while still remaining below the overbought zone. Overall, the near-term outlook remains bullish with a cautious undertone near resistance.    

 

Short term Research Report Call

Buy Above: 8,800 | Targets: 8,900, 9,000 | Stop-loss: 8,700

Sell Below: 8,500 | Targets: 8,400, 8,300 | Stop-loss: 8,600

Short term Chart

Short term - Technical Outlook

Gold futures are currently trading near 152,700 zone, continuing to consolidate around the 152,800–152,000 zone after the recent sharp corrective move. The price has managed to hold above the 152,000 support, while it is just trading above the 50-day EMA, making this level an important near-term reference. However, the lack of strong follow-through on the upside suggests that buying momentum remains limited. On the upside, 153,300–153,700 remains the immediate resistance zone. A sustained move above 153,800 could strengthen the recovery and push prices towards 154,800–155,200. 

On the downside, 152,000 remains the key support, and a decisive break below this level could extend the correction towards 151,000, followed by 150,000. The daily RSI is currently at 48, indicating neutral-to-slightly weak momentum and showing that the earlier oversold conditions have eased. Overall, the short-term bias remains cautious to bearish, with the 50-day EMA providing some support. A sustained move above 153,800 would improve the technical setup, while a break below 152,000 could reinforce downside pressure.

 

Short term Research Report Call

Buy Above: 153,800 | Targets: 154,800, 155,700 | Stop-loss: 153,000

Sell Below: 152,000 | Targets: 151,000, 150,000 | Stop-loss: 153,000

 

Short term Chart

Short term - Technical Outlook

Natural Gas futures are currently trading near 281.4, maintaining the broader rising trend and holding above the ascending trendline support. The price is consolidating below the key 285 resistance, with the near-term structure remaining mildly bullish as long as prices sustain above the 280–278 support zone. A decisive breakout above 285 could strengthen buying momentum and open the way towards 290, followed by 295.

On the downside, 278 is the immediate support, while 272 remains the key support level. A sustained break below 272 could weaken the structure and extend the decline towards 265, followed by the major support near 252. Overall, the short-term bias remains mildly bullish, with a breakout above 285 required for stronger upside momentum.

Short term Research Report Call

Buy Above: 285 | Targets: 290, 295 | Stop-loss: 280

Sell Below: 275 | Targets: 270, 265 | Stop-loss: 280

Short term Chart

Short term - Technical Outlook

Silver futures have shown a recovery from the recent correction, with the contract finding support around the 236,000 zone and rebounding towards 239,000. The latest price action indicates that buyers have emerged from lower levels, although the contract is now consolidating near 239,000 after facing some selling pressure at higher levels. On the upside, 240,500 remains the immediate resistance, followed by the stronger 242,000–242,500 zone. A sustained breakout above 240,500 could strengthen the recovery and open the way towards 242,000–242,500. The 242,000 region remains an important hurdle given the previous selling pressure witnessed around these levels.

On the downside, 238,500 remains the immediate support, followed by the crucial 236,000 zone. The 50-day and 100-day EMAs are currently providing underlying support to the price structure, making the 236,000 region important for maintaining the broader recovery setup. A decisive break below this support zone could revive selling pressure and expose silver towards 235,000 and subsequently 233,000. Momentum indicators have improved, with RSI around 53, indicating a neutral-to-positive momentum profile. This suggests that buying interest has improved from the recent correction, although momentum is not yet strong enough to confirm a decisive bullish breakout. Overall, the near-term outlook has improved to cautiously positive as silver stabilises above the 236,000 support zone and holds above its 50-day and 100-day EMAs.   

 

Short term Research Report Call

Buy Above: 239,000 | Targets: 241,000, 243,000 | Stop-loss: 237,000

Sell Below: 236,000 | Targets: 234,000, 232,000 | Stop-loss: 238,000

 

Short term Chart