Daily Commodity Reports

Short term - Technical Outlook

Crude Oil futures are currently trading near 7,438, showing a marginally negative candle after opening at 7,446 and holding near the session low of 7,403. The prior sessions delivered a sharp recovery from the lows near 7,110, with a sequence of green candles reclaiming the 7,323–7,438 zone and establishing a short-term higher low structure from the recent bottom. The current candle reflects a brief pause within this recovery, with price consolidating just above the 7,323 support level following the prior session's positive close.

The broader structure remains bearish on the higher timeframe, with price continuing to trade well below the 7,560–7,670 overhead resistance that now represents the key supply zone following the prior breakdown. However, the recent recovery from the 7,110 lows suggests buyers are making a meaningful attempt to build a short-term base. A sustained close above 7,670 would signal the recovery has gained significant traction and invite upside extension toward 7,715 and higher, while a break below 7,323 would confirm the recovery has stalled and expose the 7,280 zone and lower structural demand.

On the downside, immediate support lies near 7,323–7,222, followed by deeper structural demand at 7,110. A clear break below 7,325 would invite renewed selling pressure toward 7,280 and lower, though the current candle's tight range and the prior recovery candle sequence suggest buyers are defending the 7,323–7,400 zone near term.

 

Short term Research Report Call

Buy Above: 7,670 | Targets: 7,715, 7,760 | Stop-loss: 7,625

Sell Below: 7,325 | Targets: 7,280, 7,235 | Stop-loss: 7,370

 

 

Short term - Technical Outlook

Gold futures are currently trading near 151,990, showing a marginally negative candle after opening at 152,090 and holding within a tight range near the session high of 152,180. The prior sessions delivered an exceptionally powerful and sustained rally from the 144,000 zone, with a sequence of dominant green candles driving price to the current level near 151,990 and establishing a clear bullish impulse structure. The current candle reflects a brief consolidation near the upper resistance band at 152,500–153,530, with buyers pausing after the sharp multi-session advance.

The broader structure is firmly and convincingly bullish, with a clear staircase of higher lows and higher highs established across the recent sessions. The sustained green candle dominance and the reclaiming of multiple resistance levels confirm strong underlying buyer conviction. A sustained close above 153,530 would confirm a fresh breakout and open the path toward 155,030 and higher extension levels, while the 151,560 support zone represents the immediate downside reference for any corrective pullback within the prevailing uptrend.

On the downside, immediate support lies near 151,560–150,920, followed by stronger structural demand at 149,020. A pullback toward 151,560 would be consistent with a healthy pause within the uptrend and would likely attract fresh buyers, while a breakdown below 150,920 would signal a more meaningful corrective phase and invite pressure toward 150,060 and lower, though the dominant bullish structure strongly favours buyers on any dip while price holds above key support.

 

Short term Research Report Call

Buy Above: 153,530 | Targets: 155,030, 156,530 | Stop-loss: 152,030

Sell Below: 151,560 | Targets: 150,060, 148,560 | Stop-loss: 153,060

 

 

Short term - Technical Outlook

Natural Gas futures are currently trading near 256.0, showing a mild positive candle after opening at 254.8 and edging toward the session high of 256.1. The price has been oscillating within the 252–262 range over the recent sessions, with alternating candles and no clear directional resolution. The current green candle represents a tentative bounce from the lower end of this range, with price attempting to stabilize above the 252.1 structural support zone following the prior session's test of the lower boundary.

The broader structure remains bearish, with price continuing to trade well below the key overhead resistance at 258.5–262.2 and the extended series of lower highs from the peak near 271 maintaining the overall downward bias. The current consolidation near 252–258 reflects a balancing phase, and the range has been unable to produce any sustained upside momentum. A sustained close above 262 would signal a meaningful shift and invite recovery toward 264 and higher, while a break below 252 would confirm the bearish trend has resumed and expose 250 and lower.

On the downside, immediate support lies near 252.1–246.1, followed by deeper structural demand below 246. A clear break below 252 would confirm the consolidation is resolving to the downside and invite extension toward 250 and lower, though the current green candle suggests buyers are making a short-term attempt to hold the 254–256 zone.

 

Short term Research Report Call

Buy Above: 262 | Targets: 264, 266 | Stop-loss: 260

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

 

 

Short term - Technical Outlook

Silver Futures are currently trading near 231,870, showing a mild negative candle after opening at 231,940 and easing slightly from the session high of 232,280. The prior sessions delivered a sharp and powerful recovery from the lows near 215,260, with a dominant green candle breaking above the descending trendline and reclaiming the 230,430–233,340 zone in a decisive move. The current candle reflects a brief consolidation following the sharp surge, with price holding within the 230,430–233,340 band and buyers maintaining a firm foothold above the key support level.

The broader structure has shifted meaningfully bullish following the breakout above the descending trendline that had capped price for several weeks. The sharp green candle reclaiming multiple resistance levels in a single move signals strong underlying buyer conviction, and the current consolidation is consistent with a healthy pause within the new uptrend. A sustained close above 235,460 would confirm the breakout has momentum and open the path toward 237,960 and higher, while a reversal and break below 230,430 would signal the breakout was premature and invite corrective pressure toward 227,930 and lower.

On the downside, immediate support lies near 230,430–228,510, followed by deeper structural demand at 224,670. A clear break below 230,430 would invite corrective pressure toward 227,930 and lower, though the strength of the prior recovery candle and current consolidation above 230,430 firmly suggest buyers remain in control of the short-term structure.

 

Short term Research Report Call

Buy Above: 235,460 | Targets: 237,960, 240,460 | Stop-loss: 232,960

Sell Below: 230,430 | Targets: 227,930, 225,430 | Stop-loss: 232,930