Short term - Technical Outlook

Crude Oil futures are currently trading near 8,670, showing a positive green candle with recovering momentum as price bounces from the long-term ascending trendline support that has held firm in the 8,400–8,550 zone over recent sessions. The current candle character reflects buyer interest returning near the trendline, with the session's advance reclaiming the 8,660–8,700 area and suggesting that the extended corrective phase from the May highs near 10,391 may be finding a base at structurally significant levels.

The short-term bias is cautiously bullish following the trendline support bounce, with the long-term ascending trendline from early April continuing to act as the dominant structural anchor. A decisive close above 8,700 would confirm near-term recovery intent and open the path toward 8,745 and 8,790, validating the trendline support and inviting fresh buying. The broader pattern of price respecting this trendline on multiple occasions reinforces the buy-on-dips approach as long as the trendline holds on a closing basis.

On the downside, immediate support is seen near 8,575. A sustained close below 8,575 would signal a breakdown through the trendline support and invite deeper corrective pressure toward 8,530 and 8,485, materially undermining the cautiously bullish setup and shifting the near-term bias firmly toward sellers. Until then, the structure continues to favour patient buyers on intraday dips.

 

Short term Research Report Call

Buy Above: 8,700 | Targets: 8,745, 8,790 | Stop-loss: 8,655

Sell Below: 8,575 | Targets: 8,530, 8,485 | Stop-loss: 8,620

 

 

Short term - Technical Outlook

Gold futures are currently trading near 147,946, showing a mild negative candle as price extends the sharp corrective decline that has taken it from the mid-May highs near 162,000 all the way down to the current 147,000–148,000 zone. The magnitude of the recent decline is significant, with the prior ascending structure having been fully eroded and price now trading at its weakest level of the observed period, reflecting sustained and broad-based seller control without meaningful buyer defence at prior support levels.

The short-term bias is bearish, with price having broken below multiple prior support zones in succession and the sequence of lower highs from the May peak remaining firmly intact. The 150,000 level now acts as the key near-term resistance above, and a decisive close above it would be required to begin challenging the prevailing bearish structure and signal any meaningful recovery toward 151,500 and 153,000. The prior 155,000–157,000 zone, which offered support through late May, has now transitioned to overhead resistance and is likely to cap any significant recovery attempt.

On the downside, immediate support is seen near 147,500. A sustained close below 147,500 would confirm the next leg of the bearish decline and open the path toward 146,000 and 144,500, extending the corrective move from the May highs. Sellers maintain the decisive near-term advantage as long as price holds below 150,000 on a closing basis.

 

Short term Research Report Call

Buy Above: 150,000 | Targets: 151,500, 153,000 | Stop-loss: 148,500

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

 

 

Short term - Technical Outlook

Natural Gas futures are currently trading near 305, showing a small positive candle with mild recovery momentum as price attempts to stabilise following the sharp pullback from the 322–324 highs recorded earlier in June. The current session reflects tentative buyer interest near the ascending trendline from late May, with price bouncing from the 301–302 support zone and the candle character suggesting a potential pause in the corrective move rather than a sustained reversal of the recent decline.

The short-term bias is cautious, with price oscillating between the 301–312 range following the back-to-back spike-and-correct sequences of recent weeks. The 312 level now acts as the near-term resistance trigger, and a decisive close above it would signal renewed bullish conviction and open the path toward 314 and 316. The ascending trendline from late May continues to provide structural support beneath current price and remains the key medium-term reference for the ongoing consolidation.

On the downside, immediate support is seen near 301. A sustained close below 301 would confirm a further breakdown from the current range and invite corrective pressure toward 299 and 297, with the broader 288–290 demand base acting as the significant medium-term support in that scenario. Buyers need to defend 301 on a closing basis to keep the near-term structure constructive.

 

Short term Research Report Call

Buy Above: 312 | Targets: 314, 316 | Stop-loss: 310

Sell Below: 301 | Targets: 299, 297 | Stop-loss: 303

 

 

 

Short term - Technical Outlook

Silver Futures are currently trading near 236,437, showing a marginal positive candle with tentative stabilisation following the sharp and aggressive multi-session decline from the 265,000 zone. The recent sell-off has been one of the sharpest in the observed period, with price shedding over 28,000 points from the prior highs and breaking through multiple support levels in succession, reflecting broad-based seller dominance and the near-complete unwinding of the May advance.

The short-term bias remains bearish, with price now attempting to consolidate near the 235,000–237,000 zone following the sharp decline. The 244,500 level now acts as the key near-term resistance, and a decisive close above it would be the minimum requirement to begin signalling any meaningful recovery and invite buying toward 247,000 and 249,500. Until that level is reclaimed convincingly on a closing basis, any bounce from current levels is likely to be viewed as a temporary relief within the prevailing bearish structure.

On the downside, immediate support is seen near 232,000. A sustained close below 232,000 would confirm the continuation of the bearish phase and expose 229,500 and 227,000, extending the decline from the May highs to multi-month lows. The 227,270 structural reference visible on the chart represents the broader support in that scenario, and sellers retain the clear near-term advantage.

 

Short term Research Report Call

Buy Above: 244,500 | Targets: 247,000, 249,500 | Stop-loss: 242,000

Sell Below: 232,000 | Targets: 229,500, 227,000 | Stop-loss: 234,50