Daily Commodity Reports

Short term - Technical Outlook

Crude Oil futures closed near 8,630, ending with a red candle as price consolidated following the sharp rally from the 8,275 lows toward the 8,800 highs. The session reflects mild profit-taking near the upper end of the recent advance, with price holding well above all four EMAs (8,399/8,198/8,047/7,961) and the RSI at 66 confirming firm bullish momentum.

Price is consolidating within the 8,590-8,730 range, with the rally structure from the 8,275 lows intact through higher lows-higher highs. A sustained close above 8,730 would confirm the breakout and invite continuation toward 8,780-8,830. The EMA alignment well below price confirms strong underlying momentum.

On the downside, a close below 8,590 would undermine the advance and invite corrective pressure toward 8,540-8,490. The overall short-term bias is bullish, with the RSI and EMA structure firmly supporting buyers as long as 8,590 holds on a closing basis.

 

Short term Research Report Call

Buy Above: 8,730 | Targets: 8,780, 8,830 | Stop-loss: 8,680

Sell Below: 8,590 | Targets: 8,540, 8,490 | Stop-loss: 8,640

 

 

Short term - Technical Outlook

Gold futures closed near 155,700, ending with a strong green candle as price surged from the 150,200 lows toward the 156,000 zone in a sharp recovery. The session reflects decisive buyer aggression, with the RSI recovering from 28 to 52 and price reclaiming its position near the 50 EMA (155,800), signalling a meaningful shift in short-term momentum following the extended corrective decline from the 163,000 highs.

Price is now consolidating within the 155,000-157,000 range, with the 50 EMA near current levels acting as the immediate reference. A sustained close above 157,000 would confirm the recovery and invite continuation toward 158,000-159,000. The RSI crossover above 50 supports the emerging shift toward buyers.

On the downside, a close below 155,000 would undermine the recovery and invite corrective pressure toward 154,000-153,000, re-exposing the prior lows. The overall short-term bias is cautious, with the RSI recovery from oversold and the sharp green candle providing the first constructive signal, though the declining EMA structure overhead warrants confirmation above 157,000 before the bias can turn bullish.

 

Short term Research Report Call

Buy Above: 157,000 | Targets: 158,000, 159,000 | Stop-loss: 156,000

Sell Below: 155,000 | Targets: 154,000, 153,000 | Stop-loss: 156,000

 

 

Short term - Technical Outlook

Natural Gas futures closed near 277, ending with a green candle as price recovered from the 274 lows toward the 277 zone following the sharp rejection from the 284 highs. The session reflects tentative buyer interest near the 20 EMA (278), with the RSI at 57 confirming moderate upside momentum and price holding above all four EMAs (278/274/272/275).

Price is consolidating within the 272-279 range, with the broader recovery structure from the 266 lows remaining intact despite the volatility near the 280-284 resistance band. A sustained close above 279 would confirm renewed upside momentum and invite continuation toward 281-283. The pullback from the highs remains contained above the EMA support cluster.

On the downside, a close below 272 would interrupt the recovery and invite corrective pressure toward 270-268. The overall short-term bias remains cautiously bullish, with the EMA alignment and RSI supporting buyers as long as 272 holds on a closing basis.

 

Short term Research Report Call

Buy Above: 279 | Targets: 281, 283 | Stop-loss: 277

Sell Below: 272 | Targets: 270, 268 | Stop-loss: 274

 

 

Short term - Technical Outlook

Silver futures closed near 242,391, ending with a strong green candle as price surged from the 237,000 lows toward the 243,000 zone in a sharp recovery move. The session reflects decisive buyer aggression, with the RSI recovering from 45 to 58 and price reclaiming its position above the 20 EMA (239,000) and 50 EMA (239,000) in a single advance.

Price is now approaching the 245,500 resistance level, with the sharp recovery establishing a potential reversal from the corrective decline. A sustained close above 245,500 would confirm the recovery and invite continuation toward 247,500-249,500. The RSI crossover above 50 supports the emerging shift toward buyers.

On the downside, a close below 240,500 would undermine the recovery and invite corrective pressure toward 238,500-236,500. The overall short-term bias is cautiously bullish following the sharp recovery candle, though confirmation above 245,500 is needed to validate the directional shift.

 

Short term Research Report Call

Buy Above: 245,500 | Targets: 247,500, 249,500 | Stop-loss: 243,500

Sell Below: 240,500 | Targets: 238,500, 236,500 | Stop-loss: 242,500