Daily Commodity Reports

Short term - Technical Outlook

Crude oil futures are trading around 9,270, extending their recent recovery and showing improving bullish momentum after reclaiming the psychological 9,000 level. The price has been forming higher highs and higher lows over recent sessions, indicating renewed buying interest following the consolidation near 8,400–8,800. The latest upward movement has pushed prices towards the immediate resistance zone at 9,300, with a sustained breakout above this level potentially strengthening momentum towards the next major resistance at 9,500. On the downside, 9,000–8,800 is expected to provide immediate support, followed by stronger support at 8,400. Overall, the short-term outlook remains cautious, with sustained trading above 9,000 supporting further upside potential.

 

Short term Research Report Call

Buy Above: 9,200 | Targets: 9,300, 9,400 | Stop-loss: 9,100

Sell Below: 9,000 | Targets: 8,900, 8,800 | Stop-loss: 9,100

Short term Chart

Short term - Technical Outlook

Gold futures are trading around 147,489, showing a modest recovery after witnessing selling pressure that pushed prices towards the 145,000 support region. Despite the rebound, the broader technical structure remains bearish, with the price continuing to form lower highs and lower lows following the earlier breakdown from the rising channel. On the upside, 150,000 remains the immediate resistance, and a sustained move above this level could strengthen recovery momentum towards 152,000–154,000. On the downside, 145,000 continues to act as crucial support, with a decisive break below potentially extending the decline towards 142,500–140,000. Overall, the short-term outlook remains cautiously constructive, with the recent rebound indicating some buying interest near lower levels.

 

Short term Research Report Call

Buy Above: 148,000 | Targets: 149,000, 150,000 | Stop-loss: 147,000

Sell Below: 146,000 | Targets: 145,000, 144,000 | Stop-loss: 147,000

 

Short term Chart

Short term - Technical Outlook

Natural gas futures are trading around 305.5, witnessing renewed selling pressure after another unsuccessful attempt to sustain near the crucial 318 resistance level. The price continues to fluctuate within the 290–318 range, indicating consolidation following the earlier bullish breakout. Recent price action suggests that buying momentum is weakening near higher levels, with repeated rejection around 315–318 restricting further upside. On the downside, 300 acts as immediate support, followed by the crucial 290 level, while a sustained break below 290 could extend the correction towards 280–270. On the upside, a decisive breakout above 318 could revive bullish momentum towards 325–330. Overall, the short-term outlook remains range-bound with a cautious bias, although the broader structure remains constructive as long as prices sustain above 290.

 

Short term Research Report Call

Buy Above: 305 | Targets: 310, 315 | Stop-loss: 300

Sell Below: 295 | Targets: 290, 285 | Stop-loss: 300

 

Short term Chart

Short term - Technical Outlook

Silver futures are trading around 210,660, witnessing a modest recovery following the recent sharp sell-off that pushed prices towards the 208,000 region. However, the broader trend remains bearish, as the price continues to form lower highs and lower lows, indicating sustained selling pressure. The recent breakdown below 220,000 and 215,000 has weakened the technical structure, with these levels now acting as immediate resistance zones. A sustained recovery above 215,000 could trigger a short-term rebound towards 220,000, while failure to reclaim this level may keep selling pressure intact. On the downside, 205,000 remains the immediate major support, followed by 200,000. Overall, the short-term outlook remains cautiously constructive, although the recent recovery suggests a temporary easing of selling pressure.

 

Short term Research Report Call

Buy Above: 212,000 | Targets: 214,000, 216,000 | Stop-loss: 210,000

Sell Below: 208,000 | Targets: 206,000, 204,000 | Stop-loss: 210,000

 

Short term Chart