CRUDEOIL
Wednesday 9 September, 2026
Short term - Technical Outlook
Crude Oil futures are currently trading near 8,734, after facing selling pressure from the recent high near 8,900. The broader structure remains bullish within the rising channel, but the rejection from the upper trendline indicates some profit-taking in the near term. Immediate support is placed around 8,600, followed by 8,400, while the key resistance zone remains 8,900. A sustained breakout above 8,900 could strengthen the uptrend towards the major resistance at 9,000.
On the downside, a decisive break below 8,600 could trigger a deeper correction towards 8,400–8,300. Overall, the short-term bias remains bullish, but momentum could remain volatile unless prices reclaim 8,800. A breakout above 8,900 would confirm renewed upside strength.
Short term Research Report Call
Buy Above: 8,800 | Targets: 8,900, 9,000 | Stop-loss: 8,700
Sell Below: 8,600 | Targets: 8,500, 8,400 | Stop-loss: 8,700
Short term Chart
Validity
21/09/2026
Pivot
8798.00
| Signal | Trigger level | Targets | Stop loss | ||
|---|---|---|---|---|---|
| Target 1 | Target 2 | Target 3 | |||
| Buy AboveBullish buy signal | 8839.28 | R18896.04 | R28955.38 | R39061.16 | Stop Loss8823.80 |
| Pivot | 8798.00 | (All values are in INR) | |||
| Sell BelowBearish sell signal | 8756.72 | S18699.96 | S28640.62 | S38534.84 | Stop Loss8772.20 |
GOLD
Wednesday 9 September, 2026
Short term - Technical Outlook
Gold futures are currently trading near the 152,600 zone, continuing to consolidate above the 152,000 support after the recent corrective move. The price has managed to hold above the key 152,000 level, while it remains above the 50-day EMA but below the 20-day EMA, indicating that the broader underlying structure is still supported, although short-term momentum remains subdued. The inability to sustain moves towards higher levels suggests that buyers are yet to regain strong control. On the upside, 153,300–153,700 remains the immediate resistance zone. A sustained move above 153,800 could strengthen the recovery and open the way towards 154,800–155,200.
On the downside, 152,000 remains the key support, followed by 151,000 and then 150,000. A decisive break below 152,000 would weaken the current structure and could accelerate the corrective move towards these lower levels. The RSI is currently at 47, indicating neutral-to-slightly bearish momentum, with neither oversold nor strong bullish conditions present. The fact that price is holding above the 50-day EMA provides some underlying support, but trading below the 20-day EMA highlights near-term weakness. Overall, the short-term bias remains cautious to slightly bearish.
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
Validity
05/10/2026
Pivot
153035.00
| Signal | Trigger level | Targets | Stop loss | ||
|---|---|---|---|---|---|
| Target 1 | Target 2 | Target 3 | |||
| Buy AboveBullish buy signal | 153310.84 | R1153690.12 | R2154086.64 | R3154793.48 | Stop Loss153207.40 |
| Pivot | 153035.00 | (All values are in INR) | |||
| Sell BelowBearish sell signal | 152759.16 | S1152379.88 | S2151983.36 | S3151276.52 | Stop Loss152862.60 |
NATURALGAS
Wednesday 9 September, 2026
Short term - Technical Outlook
Natural Gas futures are currently trading near 274.5, after witnessing a sharp decline from the recent resistance near 285. The price has moved back towards the rising trendline and the key 272 support, making this level crucial for the near-term structure. Holding above 272 could trigger a recovery towards 280, followed by the stronger resistance at 285. A sustained move above 285 would improve the technical setup and open the way towards 290.
On the downside, a decisive break below 272 could weaken the rising structure and extend the correction towards 265. Overall, the short-term bias remains cautious to mildly bearish following the sharp rejection from 285, with 272 acting as the key support. A recovery above 280 would provide initial signs of strength.
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
Validity
25/09/2026
Pivot
277.60
| Signal | Trigger level | Targets | Stop loss | ||
|---|---|---|---|---|---|
| Target 1 | Target 2 | Target 3 | |||
| Buy AboveBullish buy signal | 279.73 | R1282.65 | R2285.71 | R3291.17 | Stop Loss278.93 |
| Pivot | 277.60 | (All values are in INR) | |||
| Sell BelowBearish sell signal | 275.47 | S1272.55 | S2269.49 | S3264.03 | Stop Loss276.27 |
SILVER
Wednesday 9 September, 2026
Short term - Technical Outlook
Silver futures have continued to hold above the 238,500–239,000 zone, with the contract currently trading around 239,425. The latest price action shows consolidation after the recent recovery from the 236,000 support area, indicating that buyers are still defending lower levels, although upside momentum remains measured. Importantly, silver is now trading above its 20-day, 50-day, 100-day and 200-day EMAs, keeping the broader technical structure constructive. On the upside, 240,500 remains the immediate resistance, followed by the stronger 241,800–242,500 zone. A sustained breakout above 240,500 could reinforce the recovery and open the way towards 242,000–242,500. A decisive move above the 242,000–242,500 region would further strengthen the bullish setup and could signal an extension towards higher levels.
On the downside, 238,500 remains the immediate support, followed by the crucial 236,000 zone. As the price is holding above all four key EMAs, the underlying trend remains supportive. A break below 238,500 could lead to some profit-taking and a retest of 236,000, while a decisive break below 236,000 would weaken the current recovery structure and expose silver towards 235,000 and subsequently 233,000. RSI at 52 also points to a neutral-to-positive momentum profile without indicating an overbought condition. Overall, the near-term outlook remains cautiously positive.
Short term Research Report Call
Buy Above: 242,000 | Targets: 244,000, 246,000 | Stop-loss: 240,000
Sell Below: 239,000 | Targets: 237,000, 235,000 | Stop-loss: 241,000
Short term Chart
Validity
04/12/2026
Pivot
239543.67
| Signal | Trigger level | Targets | Stop loss | ||
|---|---|---|---|---|---|
| Target 1 | Target 2 | Target 3 | |||
| Buy AboveBullish buy signal | 240222.71 | R1241156.39 | R2242132.51 | R3243872.55 | Stop Loss239968.07 |
| Pivot | 239543.67 | (All values are in INR) | |||
| Sell BelowBearish sell signal | 238864.63 | S1237930.95 | S2236954.83 | S3235214.79 | Stop Loss239119.27 |
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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.