Daily Commodity Reports

Short term - Technical Outlook

Crude Oil futures are currently trading near 7,625, showing a marginally flat candle after opening at 7,620 and holding within a tight range near the session low of 7,465. The prior sessions delivered a sharp and sustained decline from the 9,055 highs, with a sequence of aggressive red candles breaking through multiple support levels and driving price toward the current 7,535–7,625 zone. The current candle reflects tentative stabilization near the lower support zone following the extended decline, though buyer conviction at current levels remains limited given the strength of the preceding bearish impulse.

The broader structure has turned decisively bearish following the breakdown from the ascending trendline, with the prior session's continuation of the decline reinforcing the downside momentum. Price is now approaching the 7,535 structural support zone, and a clear hold above this level with a subsequent close above 7,875 would be the first signal of meaningful recovery. The overhead resistance at 7,765–7,875 is expected to cap any recovery attempt, while a break below 7,535 would expose the 7,435 zone and risk deeper extension.

On the downside, immediate support lies near 7,535–7,435, followed by deeper structural demand below. A clear break below 7,535 would confirm continuation of the bearish trend and accelerate downside toward 7,490 and lower, though the proximity to the support zone may generate brief stabilization as buyers attempt to defend current levels.

 

Short term Research Report Call

Buy Above: 7,875 | Targets: 7,920, 7,965 | Stop-loss: 7,830

Sell Below: 7,535 | Targets: 7,490, 7,445 | Stop-loss: 7,580

 

 

Short term - Technical Outlook

Gold futures are currently trading near 141,530, showing a mild negative candle after opening at 141,690 and easing below the opening level. The prior sessions delivered a significant decline from the 144,100 zone, with a sequence of red candles breaking below the 142,600 and 142,030 levels and driving price toward the current 141,040–141,530 support zone. The current candle reflects continued bearish pressure near the lower support band, with buyers yet to mount any meaningful defensive response following the sharp multi-session decline.

The broader structure has deteriorated meaningfully following the breakdown below 142,600, with price now trading within the 141,040–141,530 zone that represents the last meaningful structural support before the 140,550 and 139,930 deeper demand levels. A sustained hold above 141,040 and subsequent close above 142,600 would signal buyers have absorbed the recent selling and could invite a recovery, while a breakdown below 141,040 would expose the 140,550 level and risk extension toward 139,540 and lower.

On the downside, immediate support lies near 141,040–140,550, followed by the deeper structural floor at 139,930. A clear break below 141,040 would confirm renewed bearish momentum and invite extension toward 139,540 and lower, though the current zone near 141,000–141,530 has been a recurring demand area in prior sessions and may generate brief buyer interest.

 

Short term Research Report Call

Buy Above: 142,600 | Targets: 144,100, 145,600 | Stop-loss: 141,100

Sell Below: 141,040 | Targets: 139,540, 138,040 | Stop-loss: 142,540

 

 

Short term - Technical Outlook

Natural Gas futures are currently trading near 256.5, showing a mild positive candle after opening at 255.0 and edging toward the session high of 257.5. The prior sessions have delivered a sharp and relentless decline from the 270–271 zone, with consecutive red candles breaking through multiple support levels and driving price to fresh lows near 255. The current small green candle represents the first tentative sign of buyer interest following the extended decline, though the recovery is shallow and the proximity to the 253.5 support zone warrants caution.

The broader structure is firmly bearish following the sustained breakdown, with price having broken through the 263.0 and 259.0 support levels in successive sessions. Each attempted recovery has been short-lived and met with renewed selling, and the current zone near 255–259 now represents a critical area where buyers must establish a meaningful base to prevent further extension toward 250.5 and below. A sustained close above 261.5 would be the first credible signal of a short-term recovery, though the overall momentum and structure strongly favour sellers at present.

On the downside, immediate support lies near 254–250.5, followed by deeper structural demand below 250. A clear break below 254 would confirm continuation of the bearish trend and invite extension toward 252 and lower, though the current green candle suggests some tentative buyer presence near the 255–256.5 zone following the aggressive prior decline.

 

Short term Research Report Call

Buy Above: 261.5 | Targets: 263.5, 265.5 | Stop-loss: 259.5

Sell Below: 254 | Targets: 252, 250 | Stop-loss: 256

 

 

Short term - Technical Outlook

Silver Futures are currently trading near 215,900, showing a marginal green candle after opening at 215,340 and edging slightly higher. The prior sessions delivered a sharp decline from the 222,000–225,000 zone, with aggressive red candles breaking below the 219,610 and 217,910 levels and driving price toward the current 214,650–215,900 demand zone. The current candle reflects tentative stabilization near the lower boundary of this demand band following the extended decline, but the recovery is modest and does not yet signal a credible reversal of the short-term bearish structure.

The broader structure remains bearish, with the recent decline reinforcing the downside bias and the 217,910–219,610 zone now acting as overhead resistance on any recovery attempt. The current consolidation near 214,650–216,000 is being closely watched — a sustained hold here with a close above 219,610 would signal recovery momentum, while a break below 214,650 would confirm continuation toward 212,150 and lower structural support. The prevailing momentum continues to favour sellers while price remains below the 217,910 level.

On the downside, immediate support lies near 214,650–212,950, followed by deeper structural demand below 212,000. A clear break below 214,650 would confirm the bearish bias has reasserted itself and invite extension toward 212,150 and lower, though the current proximity to the demand zone may generate brief intraday stabilization.

 

Short term Research Report Call

Buy Above: 219,610 | Targets: 222,110, 224,610 | Stop-loss: 217,110

Sell Below: 214,650 | Targets: 212,150, 209,650 | Stop-loss: 217,150