Daily Commodity Reports

Short term - Technical Outlook

Crude Oil futures are currently trading near 7,225, showing a mild negative candle after opening at 7,273 and easing below the opening level. The prior session delivered an extremely sharp and powerful red candle that collapsed price from the 7,830 zone all the way to the lows near 7,210, breaking through multiple support levels in a single session and representing one of the most aggressive single-session declines in the recent price history visible on the chart. The current candle reflects tentative stabilization near the 7,150–7,260 demand zone following this shock move, with the session so far showing limited recovery momentum.

The broader structure has shifted decisively bearish following the prior session's collapse, with price breaking below the ascending trendline support and all moving averages in a single move. The prior session's candle has created a new short-term reference low near 7,190, and the 7,150–7,260 zone is now the critical demand area that buyers must defend to prevent further extension toward 7,030 and lower. The overhead resistance at 7,350–7,450 is expected to cap any recovery attempt, with the burden firmly on buyers to reclaim these levels before the trend can shift.

On the downside, immediate support lies near 7,150–7,030, followed by deeper structural demand below 7,000. A clear break below 7,150 would confirm continuation of the bearish impulse and invite extension toward 7,105 and lower, though the proximity to the demand zone and the exhaustive nature of the prior session's decline may generate brief stabilization near current levels.

 

Short term Research Report Call

Buy Above: 7,450 | Targets: 7,495, 7,540 | Stop-loss: 7,405

Sell Below: 7,150 | Targets: 7,105, 7,060 | Stop-loss: 7,195

 

 

 

Short term - Technical Outlook

Gold futures are currently trading near 144,170, showing a mild positive candle after opening at 144,080 and edging toward the session high of 144,600. The prior session delivered a sharp green candle that recovered strongly from the 143,120 zone, pushing price back above the 143,520 support level and into the current 143,980–144,600 range. The current candle reflects continued buyer momentum following the prior session's recovery, with price attempting to build on the gains and challenge the overhead resistance at 144,710–145,350.

The broader structure remains range-bound between the 141,200 lows and 145,350 highs, with the recent recovery from the lower end of the range suggesting buyers are defending the structural demand zone. The moving averages are compressing near the 143,120–143,990 zone, reflecting the indecisive nature of the broader price action. A sustained close above 145,350 would confirm a meaningful breakout and open the path toward 146,850 and higher, while a reversal and break below 143,520 would signal the recovery has stalled and invite renewed selling pressure toward 142,020 and lower.

On the upside, immediate resistance lies near 144,710–145,350, followed by the upper structural supply zone. A sustained close above 145,350 would be required to signal a meaningful trend shift in favour of buyers, though the current candle's positive tone and prior session recovery suggest buyers maintain short-term control above 143,520.

 

Short term Research Report Call

Buy Above: 145,350 | Targets: 146,850, 148,350 | Stop-loss: 143,850

Sell Below: 143,520 | Targets: 142,020, 140,520 | Stop-loss: 145,020

 

 

Short term - Technical Outlook

Natural Gas futures are currently trading near 255.9, showing a marginal positive candle after opening at 255.1 and holding near the session high of 256.1. The prior session delivered a sharp and aggressive red candle that broke decisively below the 258.5–262 zone and closed near 254.5, representing a significant breakdown from the prior consolidation range. The current small green candle reflects tentative stabilization near the 254.2–256 support zone following the aggressive decline, though the recovery is shallow and unconvincing relative to the scale of the prior session's red candle.

The broader structure has turned decisively bearish following the prior session's breakdown, with price now trading below all recent support levels and the moving averages compressing above as overhead resistance. The breakdown from the symmetrical wedge pattern visible on the chart has accelerated the downside, and price is now approaching the 252.1 structural support zone. A sustained close below 252 would confirm continuation of the bearish impulse toward 250 and lower, while a recovery and sustained close above 263 would be required to neutralise the current bearish pressure.

On the upside, immediate resistance lies near 258.5–263, followed by stronger supply at 267. The prior session's sharp breakdown candle represents a significant structural shift, and any recovery toward 258.5–263 is likely to attract fresh selling, with the burden firmly on buyers to reclaim these levels before any bullish case can be considered.

 

Short term Research Report Call

Buy Above: 263 | Targets: 265, 267 | Stop-loss: 261

Sell Below: 252 | Targets: 250, 248 | Stop-loss: 254

 

 

Short term - Technical Outlook

Silver Futures are currently trading near 221,410, showing a mild positive candle after opening at 220,860 and edging toward the session high of 221,990. The prior session delivered a sharp recovery green candle from the lows near 215,000, reclaiming the 219,960–221,410 zone and pushing price back toward the overhead resistance band. The current candle reflects continued buyer interest following the recovery, with price now approaching the key resistance at 222,570–224,380 that has consistently capped upside in recent sessions.

The broader structure remains bearish on the higher timeframe, with the descending trendline from higher levels continuing to compress price action and the moving averages stacked bearishly above current price. The recent recovery from the 215,000 lows is meaningful but faces the significant overhead supply at 222,570–224,380 that aligns with the descending trendline. A sustained close above 224,380 would signal a credible trend reversal and open the path toward 226,880 and higher, while failure to break above 222,570 and a return below 219,960 would confirm the bearish structure remains dominant.

On the downside, immediate support lies near 219,960–218,180, followed by deeper structural demand at 215,260. A clear break below 219,960 would signal the recovery is failing and invite renewed selling pressure toward 217,460 and lower, though the current candle's positive tone suggests buyers are maintaining short-term momentum above the 219,960–220,860 zone.

 

Short term Research Report Call

Buy Above: 224,380 | Targets: 226,880, 229,380 | Stop-loss: 221,880

Sell Below: 219,960 | Targets: 217,460, 214,960 | Stop-loss: 222,460