Daily Commodity Reports

Short term - Technical Outlook

Crude Oil futures are currently trading near 8,125, showing mild bearish pressure with a small red candle after opening at 8,140 and easing from the session high of 8,150. The prior session delivered a sharp decline from the highs near 8,370 toward the 8,100 support zone, with price slicing through the 8,190 level and the short-term moving averages in a decisive move. The current candle reflects continued mild selling pressure near the 8,100–8,130 support zone, with buyers yet to mount a meaningful response following the sharp prior session decline.

The broader structure has shifted cautiously bearish in the short term following the prior session's breakdown from the 8,265–8,370 range, with price now trading below all short-term moving averages and the sequence of lower highs establishing seller dominance. The 8,100 level is the immediate critical support, and a sustained close above 8,265 would be required to neutralise the current bearish shift and invite a recovery toward 8,310 and higher. A break below 8,100 would confirm continuation of the bearish pressure toward 8,055 and the 8,040 structural support.

On the downside, immediate support lies near 8,100–8,040, followed by deeper structural demand below 8,000. A clear break below 8,100 would confirm the bearish momentum and invite extension toward 8,055 and lower, though the proximity to the support zone may generate brief stabilization as buyers attempt to defend the 8,100 level.

 

Short term Research Report Call

Buy Above: 8,265 | Targets: 8,310, 8,355 | Stop-loss: 8,220

Sell Below: 8,100 | Targets: 8,055, 8,010 | Stop-loss: 8,145

 

 

Gold futures are currently trading near 163111, showing mild corrective pressure with a small red candle after failing to sustain above 164800 in the previous session. Price continues to hold above the broader rising trendline connecting the recent demand base, preserving the short-term bullish structure despite today's pullback.

The broader structure remains bullish on the higher timeframe, trading within the ascending channel after the decisive rally toward 164800. The current pullback displays reduced buying pressure after the sharp move, reflecting mild profit-booking near the upper part of the recent rally. A sustained close above 164800 could confirm renewed bullish momentum and target 166800 or higher extension levels within the channel.

On the downside, immediate support lies near 162700, followed by stronger structural support at 160700. A breakdown below 162700 may invite short-term corrective pressure toward 160700 levels, though the dominant uptrend strongly favours buyers on dips unless sustained rejection persists.

 

Short term Research Report Call

Buy Above: 164800 | Targets: 166800, 168800 | Stop-loss: 162800

Sell Below: 162700 | Targets: 160700, 158700 | Stop-loss: 164700

 

 

Short term - Technical Outlook

Natural Gas futures are currently trading near 266.5, showing a marginally negative candle after opening at 266.5 and holding within a tight range near the session high of 266.5. The prior session delivered a sharp surge from the 262.5 lows to the highs near 270.5, before sellers re-emerged aggressively near the 268–270 resistance zone and pulled price back sharply toward the 265–267 range. The current candle reflects a brief stabilization following the prior session's volatile swing, with price holding just above the 264.5–265 support zone and the short-term moving averages converging near current levels.

The broader structure reflects a sharp two-directional move over the recent sessions, with the aggressive prior session spike and reversal leaving the 265–268 zone as a critical battleground. The overhead resistance at 267.5–270 has reasserted seller dominance following the rejection, while the 264.5–265 support zone now represents the immediate downside reference. A sustained close above 270 would signal the prior session's high was not a false breakout and invite fresh bullish momentum toward 272 and higher, while a break below 265 would expose the 263 zone and lower structural demand.

On the downside, immediate support lies near 264.5–262.5, followed by deeper structural demand at 261.0. A clear break below 265 would invite renewed selling pressure toward 263 and lower, though the current candle's tight range and position above 265 suggests short-term equilibrium near current levels following the prior session's sharp volatility.

 

Short term Research Report Call

Buy Above: 270 | Targets: 272, 274 | Stop-loss: 268

Sell Below: 265 | Targets: 263, 261 | Stop-loss: 267

 

 

Short term - Technical Outlook

Silver Futures are currently trading near 244,060, showing mild bearish pressure with a small red candle after opening at 244,500 and easing from the session high of 244,570. The prior session delivered a sharp decline from the highs near 248,270 toward the current 243,050–245,050 support band, with aggressive red candles cutting through the 245,050 level and pulling price below all short-term moving averages. The current candle reflects continued mild selling pressure following the sharp prior session decline, with buyers attempting to stabilize near the 243,050–244,060 zone.

The broader structure has shifted cautiously bearish in the short term following the prior session's breakdown from the 248,270 highs, with price now trading below all short-term moving averages and the selling pressure having erased the prior session's gains. The 243,050 zone is the immediate critical support, and a sustained close above 245,850 would be required to neutralise the current bearish shift and signal the pullback has completed. A break below 243,050 would confirm the corrective phase is deepening and invite extension toward 240,550 and the 242,220 structural support.

On the downside, immediate support lies near 243,050–242,220, followed by deeper structural demand at 238,830. A clear break below 243,050 would confirm the bearish momentum and invite extension toward 240,550 and lower, though the current candle's proximity to the support zone may generate brief buyer interest near the 243,050 level.

 

Short term Research Report Call

Buy Above: 245,850 | Targets: 248,350, 250,850 | Stop-loss: 243,350

Sell Below: 243,050 | Targets: 240,550, 238,050 | Stop-loss: 245,550