Daily Commodity Reports

CRUDEOIL

Wednesday 11 March, 2026

Short term - Technical Outlook

Crude Oil futures are currently trading near 7680, showing strong bullish continuation after the powerful breakout from the prior consolidation zone around 6000–6800. The price has formed an impulsive series of higher highs and higher lows, with the latest green candle closing near session highs and extending the rally well above the 7340–8326 levels, confirming sustained buying pressure on the higher timeframe.

The overall structure remains strongly bullish, supported by the ascending trendline from the 5438–5901 base. The sharp advance has pushed price toward the 9607 extension area, with increased volatility and follow-through momentum. Short-term consolidation or minor profit booking is possible after the parabolic move, but the trend favors buyers strongly. A sustained close above 9607 could open further upside acceleration toward 10000–11000 levels.

On the downside, immediate support has shifted to the recent breakout zone around 8300–8600, followed by stronger levels near 7340–7000. A breakdown below 8300 would be required to invite meaningful corrective pullback toward 7340–6800, though current momentum makes this less likely without clear rejection.

 

Short term Research Report Call

Buy Above: 9607 | Targets: 10000, 11000 | Stop-loss: 8300

Sell Below: 8300 | Targets: 7340, 6800 | Stop-loss: 8600

 

Validity

19/03/2026

Pivot

8063.00

Buy Above

8256.60

R1

8522.80

R2

8801.10

R3

9297.20

Stop Loss

8184.00

Pivot

8063.00

(All values are in INR)

Sell Below

7869.40

S1

7603.20

S2

7324.90

S3

6828.80

Stop Loss

7942.00

GOLD

Wednesday 11 March, 2026

Short term - Technical Outlook

Gold futures are currently trading near 162900, showing mild pullback and consolidating after testing the key resistance zone around 163000–164000. Price continues to form higher lows from the strong demand base near 150523–152000, maintaining a short-term bullish structure supported by the ascending trendline connecting recent swing lows.

The area around 162900–163149 is acting as a supply barrier, with the latest red candle indicating short-term hesitation, profit booking, and rejection near the upper levels after the prior advance. Multiple small-bodied candles in this zone suggest ongoing indecision. A decisive breakout and sustained close above 163500–164000 could confirm renewed bullish momentum and target 166400–168000 or further toward 169879 levels.

On the downside, immediate support lies near 161000–160000 (recent consolidation floor and minor swing lows), followed by stronger structural support at 158902–156000. A breakdown below 160000 may invite short-term corrective pressure toward 158902–150523 levels.

 

Short term Research Report Call

Buy Above: 163500 | Targets: 166400, 169000 | Stop-loss: 160000

Sell Below: 160000 | Targets: 158902, 156000 | Stop-loss: 161500

 

Validity

02/04/2026

Pivot

161155.33

Buy Above

161666.05

R1

162368.29

R2

163102.45

R3

164411.17

Stop Loss

161474.53

Pivot

161155.33

(All values are in INR)

Sell Below

160644.61

S1

159942.37

S2

159208.21

S3

157899.49

Stop Loss

160836.13

NATURAL GAS

Wednesday 11 March, 2026

Short term - Technical Outlook

Natural Gas futures are currently trading near 279.0, showing continued recovery strength and consolidating in the upper part of the recent breakout range after bouncing from the 257.9–260 demand zone. The price has formed a clear higher low structure, with the latest green candle indicating renewed buying interest and successful defense of the breakout origin around 270–274.

The descending trendline from February highs has been decisively violated, shifting the short-term bias firmly bullish and confirming a trend reversal from the multi-week downtrend. Momentum is building with increased volatility on the upside, though the current zone near 279–290 is seeing some consolidation after the sharp move higher. A sustained close above 300 could confirm further acceleration toward 320–330 or higher extension levels.

On the downside, immediate support now lies near 274–270, followed by stronger demand at 257.9–260. A breakdown below 270 would be required to question the current bullish shift and invite corrective pullback toward 260–257.9, though momentum strongly favors buyers at present.

 

Short term Research Report Call

Buy Above: 300 | Targets: 320, 330 | Stop-loss: 274

Sell Below: 270 | Targets: 260, 257.9 | Stop-loss: 278

 

Validity

26/03/2026

Pivot

288.70

Buy Above

292.97

R1

298.85

R2

304.99

R3

315.93

Stop Loss

291.37

Pivot

288.70

(All values are in INR)

Sell Below

284.43

S1

278.55

S2

272.41

S3

261.47

Stop Loss

286.03

SILVER

Wednesday 11 March, 2026

Short term - Technical Outlook

Silver futures are currently trading near 276150, consolidating in the mid-to-upper part of the recovery range after a minor pullback from the 280000 area. Price remains firmly supported by the ascending trendline connecting higher lows from the major demand base near 231368–257971, preserving the short-term bullish structure with consistent buyer defense on dips.

The broader structure continues to be range-bound between the strong demand zone at 231000–240000 and the persistent supply/resistance area around 280000–291941 (previous rejection zone and swing high cluster). The current zone near 275000–278000 is acting as short-term support, with the latest small red candle showing controlled profit booking and hesitation near the upper channel boundary. A decisive breakout and sustained close above 280000 could trigger fresh bullish momentum toward 291941 and potentially open the path to 305000 and 333278 levels.

On the downside, immediate support lies at 270000–272000, followed by stronger demand near 260000 and the major zone at 257971–231368. A breakdown below 270000 may invite short-term corrective pressure toward 260000–231000.

 

Short term Research Report Call

Buy Above: 280000 | Targets: 291941, 305000 | Stop-loss: 272000

Sell Below: 270000 | Targets: 260000, 231000 | Stop-loss: 275000

 

Validity

05/05/2026

Pivot

266531.33

Buy Above

268081.89

R1

270213.91

R2

272442.84

R3

276416.15

Stop Loss

267500.43

Pivot

266531.33

(All values are in INR)

Sell Below

264980.77

S1

262848.75

S2

260619.82

S3

256646.51

Stop Loss

265562.23

Market Commentary

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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