Short term - Technical Outlook

Crude Oil futures are currently trading near 8,358, showing sharp bearish momentum with a prominent red candle following a decisive breakdown from the 8,600–8,700 consolidation zone. The session reflects aggressive seller dominance, with the price breaching the long-term ascending trendline from early April and approaching multi-month support levels near 8,200–8,360, reflecting a significant deterioration in the near-term technical structure after weeks of trendline-supported consolidation.

The short-term bias is bearish following the sharp trendline breakdown, with the magnitude of the current session's decline confirming that sellers have overwhelmed the structural support that held through multiple prior tests. The 8,725 level now acts as the key resistance above, and a recovery and sustained close above it would be required to signal that the breakdown was a false break and invite fresh buying. Until that reclaim occurs, the structure firmly favours sellers on any intraday bounce toward the broken trendline area.

On the downside, immediate support is seen near 8,200. A sustained close below 8,200 would confirm the extension of the bearish phase and open the path toward 8,155 and 8,110, with the 8,062 structural reference visible on the chart acting as the broader support in that scenario. The trendline breakdown significantly shifts the near-term outlook to the downside.

Short term Research Report Call

Buy Above: 8,725 | Targets: 8,770, 8,815 | Stop-loss: 8,680

Sell Below: 8,200 | Targets: 8,155, 8,110 | Stop-loss: 8,245

 

 

Short term - Technical Outlook

Gold futures are currently trading near 149,340, showing a strong recovery with a prominent green candle following the sharp decline to the 146,956–147,639 lows in the prior session. The session reflects broad-based buyer conviction at structurally significant demand levels, with the candle character indicating a sharp rejection of the lows and suggesting that the extended corrective phase from the May highs near 162,000 may be finding its near-term floor near current levels.

The short-term bias is cautiously bullish following the strong reversal candle, with price recovering decisively from the 147,000 demand zone and the current session establishing a potential base for a near-term recovery. The 152,000 level now acts as the key near-term recovery trigger, and a decisive close above it would confirm bullish intent and open the path toward 153,500 and 155,000, beginning a meaningful retracement of the sharp recent decline. The prior 154,000–156,000 zone will likely act as overhead supply on any recovery, requiring sustained buyer conviction to overcome.

On the downside, immediate support is seen near 147,500. A sustained close below 147,500 would negate the cautiously bullish recovery setup and invite renewed bearish pressure toward 146,000 and 144,500, extending the decline from the May highs. Buyers need to hold 147,500 on a closing basis to preserve the emerging recovery structure.

 

Short term Research Report Call

Buy Above: 152,000 | Targets: 153,500, 155,000 | Stop-loss: 150,500

Sell Below: 147,500 | Targets: 146,000, 144,500 | Stop-loss: 149,000

 

 

Short term - Technical Outlook

Natural Gas futures are currently trading near 295, showing a near-flat session with a small red candle as price continues to consolidate near the ascending trendline support following the sustained pullback from the June highs near 322–324. The current session reflects balanced indecision between buyers and sellers in the 292–300 range, with the ascending trendline from late May continuing to slope upward and providing the key structural reference for the ongoing consolidation.

The short-term bias is cautious, with price having corrected sharply from the twin June peaks and now testing the ascending trendline from below. The 301 level acts as the near-term resistance trigger, and a decisive close above it would signal a recovery of upside momentum and open the path toward 303 and 305. Until that reclaim occurs on a closing basis, the broader pattern of lower highs from the June peak continues to keep sellers in a position of near-term advantage despite the trendline support beneath.

On the downside, immediate support is seen near 292. A sustained close below 292 would confirm a trendline breakdown and invite corrective pressure toward 290 and 288, bringing the broader 288–290 demand base into focus as the significant medium-term support. Buyers need to defend 292 on a closing basis to prevent the corrective structure from deepening.

 

Short term Research Report Call

Buy Above: 301 | Targets: 303, 305 | Stop-loss: 299

Sell Below: 292 | Targets: 290, 288 | Stop-loss: 294

Short term - Technical Outlook

Silver Futures are currently trading near 240,500, showing a strong recovery with a prominent green candle following the sharp multi-session decline that drove price to the 233,000–236,000 demand zone. The session reflects decisive buyer aggression at structurally significant lows, with the candle character suggesting that the extended corrective decline from the May highs near 300,000 may be approaching an exhaustion point as dip buyers assert control near multi-month demand levels.

The short-term bias is cautiously bullish following the strong reversal candle from the lows, with price bouncing sharply from the 233,000–236,000 support zone and the current session establishing a potential base for recovery. The 249,000 level now acts as the key near-term trigger, and a decisive close above it would confirm bullish recovery momentum and open the path toward 251,500 and 254,000, beginning a meaningful retracement of the recent sharp decline. The scale of the recovery candle lends credibility to the setup, though confirmation on a closing basis above 249,000 is essential before the bullish bias can be considered validated.

On the downside, immediate support is seen near 237,000. A sustained close below 237,000 would signal that the recovery candle was a temporary relief bounce and invite renewed bearish pressure toward 234,500 and 232,000, re-exposing the recent lows. As long as 237,000 holds on a closing basis, the cautiously bullish near-term bias remains intact.

 

Short term Research Report Call

Buy Above: 249,000 | Targets: 251,500, 254,000 | Stop-loss: 246,500

Sell Below: 237,000 | Targets: 234,500, 232,000 | Stop-loss: 239,500