Crude Oil (MCX)

Short Term – Technical Outlook

Crude Oil futures are currently trading near 9,110, showing mild intraday consolidation with a small red candle following the strong multi-session recovery from the lows near 7,700. Despite today's minor pause, the price has sustained well above key structural support levels and continues to preserve the bullish recovery structure, with the broader trend firmly favouring buyers on any dip following the decisive recovery from the corrective phase.

The broader structure remains constructively bullish, with the price building a clear series of higher lows from the corrective lows and gradually approaching the key overhead resistance band near 9,130. The current consolidation near 9,060–9,130 reflects natural digestion of the recent advance, with buyers defending pullbacks and momentum continuing to favour the upside. A sustained trade above 9,130 would confirm the continuation of the bullish advance and invite upside momentum toward 9,180 and 9,230, extending the recovery toward stronger structural resistance.

On the downside, immediate support lies near 8,900, followed by stronger structural demand near 8,650. A breakdown below 8,900 may invite a brief corrective phase toward lower support levels, though the dominant near-term bias firmly favours buyers on dips as long as price holds above key structural support.

Short Term Research Report Call

Buy Above: 9,130 | Targets: 9,180, 9,230 | Stop-loss: 9,080

Sell Below: 8,900 | Targets: 8,850, 8,800 | Stop-loss: 8,950

Short Term – Technical Outlook

Gold futures are currently trading near 151,747, showing a mild green candle attempting to stabilise near the key structural support zone following the extended multi-session decline from the highs near 155,000. Despite today's tentative bounce, the price continues to trade beneath the significant overhead resistance band near 153,000–155,000 and has been unable to build any meaningful upside momentum, with sellers maintaining consistent control at higher levels and the near-term structure remaining under bearish pressure.

The broader near-term bias remains firmly bearish, with the price printing a sustained series of lower highs and lower lows from the 155,000 peak and each recovery attempt being capped decisively below the overhead resistance band. The current zone near 151,500–152,000 represents a critical near-term juncture, with the price at risk of a decisive break below key support if buyers fail to defend the current level. A sustained trade below 151,500 would confirm renewed bearish momentum and invite downside pressure toward 150,000 and 148,500.

On the upside, a decisive breakout and sustained close above 153,000 would be required to shift the near-term bias constructively and neutralise the current distribution pattern, though the prevailing structure firmly favours sellers near resistance unless a clear and sustained close above the overhead supply band materialises.

Short Term Research Report Call

Buy Above: 153,000 | Targets: 154,500, 156,000 | Stop-loss: 151,500

Sell Below: 151,500 | Targets: 150,000, 148,500 | Stop-loss: 153,000

Short Term – Technical Outlook

Natural Gas futures are currently trading near 242.7, showing a mild red candle holding above the key demand zone following the sharp corrective decline from the recent recovery high near 257. The price has pulled back significantly from the prior session's advance and is now testing the lower boundary of the current consolidation zone, with early buyer interest evident near current levels suggesting the corrective phase may be finding support ahead of a renewed recovery attempt.

The broader structure continues to favour buyers on dips, with the price holding above the key 238 support zone and the broader recovery structure from the multi-week lows remaining intact. The current pullback toward 242–244 represents a natural retracement within the broader recovery move, offering a potential re-entry opportunity for buyers. A sustained trade above 246.5 would confirm the resumption of the bullish recovery and invite upside momentum toward 248.5 and 250.5.

On the downside, immediate support lies near 238, followed by stronger demand near 232.5. A breakdown below 238 would delay the recovery and signal a deeper corrective phase toward lower structural support, though the prevailing bullish bias favours buyers on dips as long as price holds above the key 238 demand zone.

Short Term Research Report Call

Buy Above: 246.5 | Targets: 248.5, 250.5 | Stop-loss: 244.5

Sell Below: 238 | Targets: 236, 234 | Stop-loss: 240

Short Term – Technical Outlook

Silver Futures are currently trading near 242,200, showing a tentative green candle attempting to stabilise near the lower boundary of the overhead supply zone following the sustained multi-session decline from the highs near 261,000. Despite today's marginal bounce, the price remains firmly beneath overhead resistance and continues to reflect seller dominance, with the short-term structure maintaining a bearish bias as each recovery attempt is met with renewed supply at higher levels.

The broader near-term structure remains bearish, with the price consistently failing to sustain above the 244,000 resistance zone and the persistent weakness below overhead supply confirming seller control. The current zone near 241,500–243,000 displays limited genuine buyer conviction, indicating continued distribution rather than meaningful recovery intent. A decisive breakdown below 240,000 would confirm renewed bearish momentum and invite corrective extension toward 238,000 and 236,000.

On the upside, a sustained breakout above 244,000 would be required to neutralise the near-term bearish bias and invite a short-term relief bounce, though the prevailing structure firmly favours sellers unless a decisive and sustained close above the overhead supply zone occurs.

Short Term Research Report Call

Buy Above: 244,000 | Targets: 246,000, 248,000 | Stop-loss: 242,000

Sell Below: 240,000 | Targets: 238,000, 236,000 | Stop-loss: 242,000