Daily Commodity Reports

Short term - Technical Outlook

Crude Oil futures closed near 7,830, ending with a strong green candle as price surged from the 7,650 lows toward the 7,825-7,850 zone in a sharp recovery move. The prior sessions had seen aggressive selling from the 8,080 highs, and yesterday's advance reflects the first meaningful buyer response following the decline.

Price is now testing the 7,825-7,920 resistance band, with all four EMAs (20/50/100/200) clustered in the 7,875-7,970 zone overhead, presenting a dense supply ceiling. A sustained close above 7,920 would signal a recovery through the first resistance and invite continuation toward 7,970-8,020. Until then, the EMA cluster overhead is likely to cap rallies.

On the downside, a close below 7,825 would undermine the recovery attempt and invite corrective pressure toward 7,775-7,725. The overall short-term bias remains cautiously bullish following the sharp recovery candle, though the weight of overhead EMA resistance warrants caution until 7,920 is cleared on a closing basis.

 

Short term Research Report Call

Buy Above: 7,920 | Targets: 7,970, 8,020 | Stop-loss: 7,870

Sell Below: 7,825 | Targets: 7,775, 7,725 | Stop-loss: 7,875

 

 

Short term - Technical Outlook

Natural Gas futures closed near 275, ending with a strong green candle as price extended the rally from the 262-263 lows toward the 275 zone in a decisive advance. The session reflects sustained buyer conviction, with price now trading above all short-term EMAs and the MACD histogram turning positive, confirming building upside momentum.

Price is approaching the 277-280 resistance band, and a sustained close above 277 would confirm the breakout and invite continuation toward 279-281. The recovery structure from the 262 lows remains intact with a clear sequence of higher lows supporting the advance.

On the downside, a close below 272 would interrupt the rally and invite corrective pressure toward 270-268. The overall short-term bias is bullish, with the MACD crossover and EMA alignment firmly supporting buyers as long as 272 holds on a closing basis.

 

Short term Research Report Call

Buy Above: 277 | Targets: 279, 281 | Stop-loss: 275

Sell Below: 272 | Targets: 270, 268 | Stop-loss: 274

 

 

Short term - Technical Outlook

Silver futures closed near 239,000, ending with a red candle as price continued to pull back from the 246,000 highs toward the 238,500-239,000 support zone. The session reflects sustained corrective pressure following the sharp rejection from the upper resistance, with the MACD histogram turning negative and confirming fading upside momentum.

Price is now consolidating near the 20 EMA (242,000) breakdown area, with the 237,500-238,500 zone providing immediate support. A sustained close above 241,500 would signal recovery from the pullback and invite continuation toward 243,500-245,500. Until then, the pullback from the 246,000 highs keeps near-term momentum with sellers.

On the downside, a close below 237,500 would confirm a deeper corrective phase and invite pressure toward 235,500-233,500. The overall short-term bias remains cautious, with the MACD crossover suggesting sellers hold the near-term advantage unless 241,500 is reclaimed on a closing basis.

 

Short term Research Report Call

Buy Above: 241,500 | Targets: 243,500, 245,500 | Stop-loss: 239,500

Sell Below: 237,500 | Targets: 235,500, 233,500 | Stop-loss: 239,500