Short term - Technical Outlook

Crude Oil futures are currently trading near 9,014, showing continued mild bearish pressure with a red candle as the price remains well below the prior 10,200 peak and consolidates near the lower end of the recent corrective range. The session reflects persistent seller control, with the price having briefly tested recovery toward 9,156 before fading, and buyer follow-through remaining insufficient to sustain any meaningful upside attempt.

The short-term bias remains cautious, with price trading below the key 9,155 resistance and the broader corrective structure from the May highs still intact. The long-term ascending trendline from early May continues to provide structural support beneath current levels and is now approaching the 8,800–8,900 zone. A decisive close above 9,155 would be needed to signal the beginning of a recovery and attract fresh buying toward 9,200 and 9,245, though momentum favours caution until that level is reclaimed on a closing basis.

On the downside, immediate support is seen near 8,885. A sustained close below 8,885 would confirm renewed bearish continuation and open the path toward 8,840 and 8,795, bringing the long-term ascending trendline into sharper focus as the critical structural reference. The dominant multi-week uptrend continues to favour buyers on significant dips, but near-term price action warrants patience.

 

Short term Research Report Call

Buy Above: 9,155 | Targets: 9,200, 9,245 | Stop-loss: 9,110

Sell Below: 8,885 | Targets: 8,840, 8,795 | Stop-loss: 8,930

 

 

Gold futures are currently trading near 157,424, showing continued bearish pressure with a prominent red candle following a sharp decline from the 159,500 zone over the prior two sessions. The MACD remains in negative territory with the histogram extending below the signal line, and the RSI has declined to the 38 zone, reflecting building downside momentum and the absence of meaningful buyer defence at current levels.

The short-term bias is cautious-to-bearish, with price having broken below the prior consolidation range near 158,000–159,500 and the ascending trendline from early May now being tested from above. The 157,873–158,000 level now acts as immediate resistance, and a recovery and sustained close above 158,000 would be required to neutralise the current bearish momentum and invite a corrective bounce toward 159,500 and 161,000. However, the MACD and RSI both confirm that sellers remain in control in the near term.

On the downside, immediate support is seen near 157,000, with the ascending trendline from May also converging in this area. A sustained close below 157,000 would confirm the breakdown and accelerate the corrective move toward 155,500 and 154,000, with the RSI potentially extending into oversold territory on such a move. Buyers need to defend 157,000 decisively to prevent a deeper unwind of the May advance.

 

Short term Research Report Call

Buy Above: 158,000 | Targets: 159,500, 161,000 | Stop-loss: 156,500

Sell Below: 157,000 | Targets: 155,500, 154,000 | Stop-loss: 158,500

 

 

Short term - Technical Outlook

Natural Gas futures are currently trading near 280, showing mild negative momentum with a small red candle after the price failed to sustain above the 282 resistance area. The session reflects a continuation of the cautious tone that has prevailed since the sharp pullback from the 300 swing high, with price now consolidating in the narrow 276–282 band and buyers lacking the conviction to drive a sustained recovery.

The short-term bias remains cautious, with the ascending trendline from early May continuing to support the broader structure but the price unable to break decisively above 282. The 279–282 zone is acting as a near-term compression area, and a decisive close above 282 would be required to signal renewed upside intent and attract fresh buying momentum toward 284 and 286. Until that occurs, the path of least resistance remains sideways to marginally lower.

On the downside, immediate support is seen near 276. A sustained close below 276 would confirm the next leg of corrective decline and open the path toward 274 and 272, putting the ascending trendline structure under meaningful pressure. Sellers retain the advantage on any failed push toward the 282 resistance in the near term.

 

Short term Research Report Call

Buy Above: 282 | Targets: 284, 286 | Stop-loss: 280

Sell Below: 276 | Targets: 274, 272 | Stop-loss: 278

 

 

 

Short term - Technical Outlook

Silver Futures are currently trading near 270,270, showing a near-flat session with a small red candle as price continues to consolidate below the 273,000 resistance area. The recent price action has been characterised by a series of small-bodied candles between 267,000 and 274,000, reflecting hesitation and a lack of directional conviction on both sides following the sharp corrective decline from the May high near 300,000.

The short-term bias is cautious, with the ascending trendline from late April continuing to compress price from below while overhead supply near 273,000–276,000 caps recovery attempts. The 270,000–273,000 zone is the immediate battleground, and a decisive close above 273,000 would confirm short-term recovery momentum and open the path toward 275,500 and 278,000. Until that breakout occurs, the structure reflects indecision and caution rather than directional conviction.

On the downside, immediate support is seen near 268,000. A sustained close below 268,000 would signal a breakdown from the current consolidation and invite corrective pressure toward 265,500 and 263,000, negating the cautiously neutral setup and shifting near-term control firmly back to sellers.

 

Short term Research Report Call

Buy Above: 273,000 | Targets: 275,500, 278,000 | Stop-loss: 270,500

Sell Below: 268,000 | Targets: 265,500, 263,000 | Stop-loss: 270,500