Daily Commodity Reports

Short term - Technical Outlook

Crude Oil futures are currently trading near 7,932, showing a marginally negative candle after opening at 7,932 and holding within a tight range. The prior sessions delivered a sustained recovery from the lows near 7,110, with price climbing steadily through the 7,665–7,900 resistance zone and now consolidating within the 7,843–8,032 band. The RSI remains above 60, confirming continued bullish momentum, while the current candle reflects a brief consolidation within the recovery as buyers and sellers achieve short-term equilibrium near the 7,900–7,935 zone.

The broader structure has improved meaningfully, with price now trading above all short-term moving averages and the recovery candle sequence establishing a clear higher low structure. The 7,843–8,032 zone represents the immediate consolidation range, and a sustained close above 8,130 would confirm the recovery has sufficient momentum for a fresh breakout toward 8,175 and higher. The 7,843 support zone is the key near-term level that buyers must defend to maintain the current bullish recovery structure.

On the downside, immediate support lies near 7,843–7,749, followed by stronger structural demand at 7,563. A clear break below 7,845 would invite corrective pressure toward 7,800 and lower, though the bullish candle sequence and RSI positioning above 57 suggest buyers retain control of the short-term directional bias at present.

 

Short term Research Report Call

Buy Above: 8,130 | Targets: 8,175, 8,220 | Stop-loss: 8,085

Sell Below: 7,845 | Targets: 7,800, 7,755 | Stop-loss: 7,890

 

 

Short term - Technical Outlook

Gold futures are currently trading near 154,878, showing a mild negative candle after opening at 155,460 and easing from the session high of 155,516. The prior sessions delivered an exceptional bullish rally from the 144,000 zone, with price climbing steadily through multiple resistance levels and reaching the highs near 155,516 before the current session's slight pullback. The RSI at 76 signals overbought conditions on the short-term timeframe, and the current candle's negative tilt reflects early profit-taking or consolidation near the 155,615–156,376 overhead resistance band following the extended rally.

The broader structure remains firmly and convincingly bullish, with all moving averages stacked well below current price and the sustained green candle dominance confirming strong underlying buyer conviction throughout the rally. However, the elevated RSI near 76–80 suggests the rally may require a brief pause or shallow pullback before the next leg higher. The 154,215–153,381 zone represents the immediate downside reference, and a sustained hold above 154,220 would preserve the bullish structure for continuation toward 156,380 and higher upon resolution.

On the downside, immediate support lies near 154,215–153,381, followed by stronger structural demand at 152,286. A clear break below 154,220 would invite a short-term corrective move toward 152,720 and lower, though the dominant bullish structure and the sustained rally from the lows firmly suggest buyers will look to defend any dip toward the 154,000–154,220 zone as a buying opportunity.

 

Short term Research Report Call

Buy Above: 156,380 | Targets: 157,880, 159,380 | Stop-loss: 154,880

Sell Below: 154,220 | Targets: 152,720, 151,220 | Stop-loss: 155,720

 

 

Short term - Technical Outlook

Natural Gas futures are currently trading near 267.6, showing a mild negative candle after opening at 268.2 and easing from the session high of 268.7. The prior sessions delivered a sharp and meaningful recovery from the 252–255 lows, with price reclaiming the 263.7–268.8 resistance band and RSI climbing toward 61, reflecting improving momentum. The current candle reflects consolidation near the upper end of the recent recovery range, with buyers maintaining a foothold above the 263.7 support level.

The broader structure has improved notably following the recovery from the lows, with price now trading above the short-term moving averages and establishing a clear higher low structure from the bottom. The overhead resistance at 270.1–275.3 continues to cap upside progress, and a sustained close above 275.5 would signal the recovery has gained significant momentum and invite continuation toward 277.5 and higher. The 263.7–264.6 zone now represents the critical near-term support that buyers must defend to maintain the current recovery structure.

On the downside, immediate support lies near 263.7–259.5, followed by deeper structural demand at 252. A clear break below 264 would signal the recovery is stalling and invite renewed selling pressure toward 262 and lower, though the current RSI above 60 and the candle structure above key support suggest buyers retain short-term momentum.

 

Short term Research Report Call

Buy Above: 275.5 | Targets: 277.5, 279.5 | Stop-loss: 273.5

Sell Below: 264 | Targets: 262, 260 | Stop-loss: 266

 

 

Short term - Technical Outlook

Silver Futures are currently trading near 237,800, showing a mild negative candle after opening at 238,749 and easing from the session high of 238,950. The prior sessions delivered a powerful recovery from the 215,260 lows, with price surging through multiple resistance levels and reaching the highs near 240,720 before sellers re-emerged near the 240,239–241,652 overhead resistance band. The current candle reflects a brief consolidation following the sharp run-up, with price retreating slightly from the highs but holding above the 236,854 support zone. RSI at 64 confirms the bullish momentum remains intact though approaching moderately elevated levels.

The broader structure is firmly bullish, with all moving averages positioned well below current price and the recovery from the lows representing a significant structural shift. The 236,854–238,580 zone now represents the immediate support band, and a sustained close above 241,650 would confirm a fresh breakout above the prior resistance and open the path toward 244,150 and higher. The current pullback from the highs is consistent with healthy consolidation within the uptrend rather than a reversal signal.

On the downside, immediate support lies near 236,854–234,700, followed by stronger structural demand at 230,430. A clear break below 236,850 would invite corrective pressure toward 234,350 and lower, though the bullish structure and RSI positioning firmly favour buyers on any dip while price holds above the 236,854 support zone.

 

Short term Research Report Call

Buy Above: 241,650 | Targets: 244,150, 246,650 | Stop-loss: 239,150

Sell Below: 236,850 | Targets: 234,350, 231,850 | Stop-loss: 239,350