Short term - Technical Outlook

Crude Oil futures are currently trading near 9,258, showing sharp bearish momentum with a prominent red candle after a decisive breakdown from the 9,830 open, reflecting aggressive seller dominance following the failure to sustain above the 9,800–10,000 supply zone. The current session marks one of the sharper single-session declines in recent weeks, with price breaching multiple intraday support bands and closing well below prior consolidation.

The broader structure, while supported by a long-term ascending trendline from lower levels, is now showing short-term strain as price trades below the key 9,400 pivot. The 9,397–9,400 level now acts as immediate resistance on any recovery attempt. A sustained close back above 9,400 would be required to signal stabilisation and invite renewed buying interest toward the 9,490–9,560 zone, though momentum strongly favours sellers in the near term.

On the downside, immediate support is seen near 9,155–9,050, followed by stronger structural demand at 9,000 and below. A sustained close below 9,155 would confirm continuation of the corrective move and open the path toward 9,050 and deeper support levels, though the long-term ascending trendline remains intact and continues to favour buyers on significant dips.

 

Short term Research Report Call

Buy Above: 9,400 | Targets: 9,450, 9,500 | Stop-loss: 9,350

Sell Below: 9,155 | Targets: 9,100, 9,050 | Stop-loss: 9,200

 

Short term - Technical Outlook

Gold futures are currently trading near 159,688, showing mild positive momentum with a small green candle after recent consolidation between 158,000 and 160,000. Price continues to respect the ascending trendline connecting higher lows from late April, preserving the short-term bullish structure with buyer interest evident on dips, though the pace of the advance has moderated following the sharp mid-month spike to 164,000.

The broader structure remains bullish on the higher timeframe, with price well above the prior consolidation base near 152,000–154,000. The current zone around 159,500–161,000 represents a near-term inflection point, where a decisive close above 161,000 would signal fresh bullish momentum and open the path toward 162,500 and the 164,000 zone. The ascending trendline continues to compress price structure, suggesting a directional move is approaching.

On the downside, immediate support is seen near the 158,500 zone. A sustained close below 158,500 would invite short-term corrective pressure toward 157,000 and 155,500, though the dominant ascending structure continues to favour buyers on dips as long as the trendline support holds on a closing basis.

 

Short term Research Report Call

Buy Above: 161,000 | Targets: 162,500, 164,000 | Stop-loss: 159,500

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

 

 

Short term - Technical Outlook

Natural Gas futures are currently trading near 290, showing mild bearish pressure with a red candle after failing to sustain above the 293–295 resistance band. The price has pulled back from the recent swing high near 305, with selling pressure asserting itself following the rejection at upper supply, and the current session reflects reduced buyer momentum despite the broader ascending structure remaining intact.

The short-term bias has shifted cautiously bearish following the failure to close above 295. Price is consolidating within the 287–293 zone, and the ascending trendline from early May continues to provide structural support beneath current levels. A decisive close above 295 would be needed to reinstate upside momentum and invite a push toward the 300–305 supply area, though sellers remain in control on any intraday bounce at present.

On the downside, immediate support is seen near the 285–284 zone where the ascending trendline and prior horizontal demand align. A sustained close below 285 would confirm near-term bearish continuation and open the path toward 283 and lower extensions, putting the medium-term ascending structure under increasing pressure.

 

Short term Research Report Call

Buy Above: 295 | Targets: 297, 299 | Stop-loss: 293

Sell Below: 285 | Targets: 283, 281 | Stop-loss: 287

 

 

Short term - Technical Outlook

Silver Futures are currently trading near 275,050, showing strong recovery with a prominent green candle after holding above the ascending trendline support. Price has bounced firmly from the 265,000–270,000 zone, with buyers asserting control following the sharp mid-month decline from the 300,000 peak, and the current candle character reflects renewed buying interest near the lower boundary of the prevailing structure.

The broader structure remains constructively bullish on the higher timeframe, with the ascending trendline from late April continuing to support price and successive higher lows being formed. The current zone near 275,000–278,500 marks a key near-term decision area, as price approaches the overhead supply band. A decisive breakout and sustained close above 278,500 would confirm short-term bullish continuation and target 281,000 and higher extensions within the structure.

On the downside, immediate support is seen near the 270,000 level. A sustained close below 270,000 would invite corrective pressure toward 267,500 and deeper demand levels, while the ascending trendline from April would come into focus as the critical medium-term support in that scenario.

 

Short term Research Report Call

Buy Above: 278,500 | Targets: 281,000, 283,500 | Stop-loss: 276,000

Sell Below: 270,000 | Targets: 267,500, 265,000 | Stop-loss: 272,500