Short term - Technical Outlook

Crude Oil futures are currently trading near 9,212, showing continued bearish pressure with a red candle as price remains under the weight of the recent sharp sell-off from the 9,860 highs. The session reflects subdued buying interest following multiple days of corrective decline, with the price failing to recover meaningfully above the 9,290 resistance area and maintaining a cautious tone at current levels.

The broader structure retains its long-term ascending trendline support from below, but the short-term bias has shifted cautious following the sustained breakdown from the 9,500–9,800 zone. Price is now consolidating in the 9,200–9,300 range, and a decisive close above 9,290 would be required to signal stabilisation and attract fresh buying interest toward the 9,335–9,380 zone. Until that occurs, the path of least resistance remains tilted lower.

On the downside, immediate support is seen near 9,080. A sustained close below 9,080 would invite further corrective pressure toward 9,035 and 8,990, bringing the longer-term ascending trendline into sharper focus. The dominant multi-week uptrend continues to favour buyers on significant dips, though near-term momentum remains in the hands of sellers absent a clear recovery trigger.

 

Short term Research Report Call

Buy Above: 9,290 | Targets: 9,335, 9,380 | Stop-loss: 9,245

Sell Below: 9,080 | Targets: 9,035, 8,990 | Stop-loss: 9,125

 

 

Short term - Technical Outlook

Gold futures are currently trading near 158,588, showing a small red candle with marginal softness after the price consolidated just below the 159,769–160,000 resistance area. Despite the mild intraday dip, the broader price structure remains constructive, with the ascending trendline from early May continuing to support higher lows and preserving a cautiously bullish tone following the sharp mid-month rally to 162,500.

The broader structure remains bullish on the higher timeframe, with price well above the base established between 152,000 and 154,000. The current consolidation between 158,000 and 160,000 reflects absorption near resistance, and a decisive close above 160,000 would signal renewed bullish momentum and open the path toward 161,500 and 163,000. The tightening price action near the ascending trendline suggests a directional resolution is approaching, with the bias leaning toward the upside.

On the downside, immediate support is seen near the 158,500 level. A sustained close below 158,500 would invite short-term corrective pressure toward 157,000 and 155,500, with the ascending trendline from May acting as the critical medium-term reference. The dominant bullish structure continues to favour buyers on dips as long as 158,500 holds on a closing basis.

 

Short term Research Report Call

Buy Above: 160,000 | Targets: 161,500, 163,000 | Stop-loss: 158,500

Sell Below: 158,500 | Targets: 157,000, 155,500 | Stop-loss: 160,000

 

 

Short term - Technical Outlook

Natural Gas futures are currently trading near 277, showing mild bearish pressure with a red candle after failing to sustain above the 279–280 resistance band. The price has pulled back sharply from the recent swing high near 292, with sellers asserting control on the session, and the current candle reflects reduced buyer participation following the multi-day rejection from upper supply.

The short-term bias has turned cautious, with price now consolidating between the 275–280 range following the breakdown from the prior high. The ascending trendline from early May has been tested and price is hovering near it, keeping the broader structure nominally intact. A decisive close above 280 would be needed to reinstate upside momentum and invite a push toward the 282–284 zone, though sellers retain the upper hand on intraday recoveries at this stage.

On the downside, a sustained close below 275 would confirm near-term bearish continuation and open the path toward 273 and 271, with the broader ascending structure coming under increasing pressure. Buyers would need to defend the 275 level decisively on a closing basis to prevent a more meaningful unwind of the recent rally.

 

Short term Research Report Call

Buy Above: 280 | Targets: 282, 284 | Stop-loss: 278

Sell Below: 275 | Targets: 273, 271 | Stop-loss: 277

 

 

Short term - Technical Outlook

Silver Futures are currently trading near 271,450, showing a small red candle with mild negative momentum after the price failed to sustain above the 274,000–274,500 resistance band. Despite the session's tepid tone, price continues to respect the broader ascending trendline structure connecting higher lows from late April, preserving a cautiously bullish undertone with buyers defending the current range on dips.

The broader structure remains constructively bullish on the higher timeframe, with successive higher lows formed along the ascending trendline from early May. The 271,000–274,500 zone is the near-term battleground, and a decisive breakout and sustained close above 274,500 would confirm fresh bullish momentum and open the path toward 277,000 and 279,500. The ascending trendline continues to act as the key structural anchor, and price action remains supported above it.

On the downside, immediate support is seen near the 266,500 level. A sustained close below 266,500 would negate the cautiously bullish outlook and invite corrective pressure toward 264,000 and 261,500, shifting the near-term bias firmly in favour of sellers. Until then, the structure continues to favour patient buyers on intraday weakness.

 

Short term Research Report Call

Buy Above: 274,500 | Targets: 277,000, 279,500 | Stop-loss: 272,000

Sell Below: 266,500 | Targets: 264,000, 261,500 | Stop-loss: 269,000