Short term - Technical Outlook

Crude Oil futures are currently trading near 8,640, showing continued softness with a red candle as price remains pressured following the sustained breakdown from the 9,800–10,000 peak. The session reflects persistent seller dominance with buyers unable to generate meaningful recovery above the 8,770 resistance band, and the overall candle structure confirms that the corrective phase remains firmly in progress.

The broader ascending trendline from early May continues to project upward beneath current levels, offering longer-term structural support, but the short-term bias is cautious given the sustained inability to reclaim the 8,770–8,870 zone. A decisive close above 8,770 would be the minimum requirement to signal stabilisation and invite fresh buying interest toward 8,815 and 8,860, though momentum continues to favour sellers on any intraday bounce in the near term.

On the downside, immediate support is seen near 8,580. A sustained close below 8,580 would accelerate the corrective move toward 8,535 and 8,490, with the long-term ascending trendline providing the next key structural reference below those levels. The dominant multi-week structure continues to favour buyers on significant dips, but near-term price action demands caution until a clear base forms.

 

Short term Research Report Call

Buy Above: 8,770 | Targets: 8,815, 8,860 | Stop-loss: 8,725

Sell Below: 8,580 | Targets: 8,535, 8,490 | Stop-loss: 8,625

 

 

Short term - Technical Outlook

Gold futures are currently trading near 159,025, showing a small red candle with mild softness as price consolidates in a narrow range just below the 159,769–160,000 resistance zone. Despite the marginal dip, the ascending trendline from early May continues to support the prevailing price structure, with higher lows being maintained and the overall candle sequence reflecting controlled consolidation rather than aggressive distribution.

The broader structure remains cautiously bullish, with price holding well above the prior base near 152,000–154,000 and the ascending trendline compressing price into the 158,500–160,000 range. A decisive close above 160,000 would confirm a fresh leg of bullish momentum and target 161,500 and 163,000, validating the ongoing accumulation near current levels. The tightening structure between trendline support and overhead resistance suggests an imminent directional move, with the ascending bias continuing to favour the upside.

On the downside, immediate support is seen near 158,500, where the S1 and the ascending trendline now converge. A sustained close below 158,500 would invite short-term corrective pressure toward 157,000 and 155,500, undermining the cautiously bullish setup and shifting the near-term momentum toward sellers. As long as 158,500 holds on a closing basis, the bullish structure remains intact.

 

Short term Research Report Call

Buy Above: 160,000 | Targets: 161,500, 163,000 | Stop-loss: 158,500

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

 

 

Short term - Technical Outlook

Natural Gas futures are currently trading near 278, showing a near-flat session with a small neutral candle after the price stabilised following the sharp multi-day decline from the 292 swing high. The current session reflects a tentative pause in the corrective move, with buyers and sellers evenly matched near the 276–279 zone and the broader ascending trendline from mid-May continuing to slope up beneath current price levels.

The short-term bias remains cautious, with price holding below the key 280 resistance level and the prior ascending structure having been sharply violated during the recent sell-off. The 278–280 band now acts as the immediate battleground, and a decisive close above 280 would be required to signal recovery intent and attract fresh buying momentum toward 282 and beyond. Until that occurs, the structure favours patience over aggression on the long side.

On the downside, immediate support is seen near 275. A sustained close below 275 would confirm renewed bearish pressure and open the path toward 273 and 271, with the broader ascending trendline coming under meaningful test in that scenario. Sellers retain the advantage on any failed recovery at the 280 level.

 

Short term Research Report Call

Buy Above: 280 | Targets: 282, 284 | Stop-loss: 278

Sell Below: 275 | Targets: 273, 271 | Stop-loss: 277

 

 

Short term - Technical Outlook

Silver Futures are currently trading near 276,400, showing a small positive candle with marginal recovery momentum after consolidating near the ascending trendline support. Price has been compressing in a tight range between 271,000 and 278,000 over the past several sessions, with the ascending trendline from mid-May continuing to support higher lows and reflecting a cautiously bullish undercurrent despite the subdued session character.

The broader structure remains constructively bullish, with the ascending trendline intact and price continuing to build a base above the 273,000–274,000 support zone. The current consolidation near 276,000–278,000 suggests absorption ahead of a potential directional move, and a decisive close above 278,000 would confirm bullish continuation and open the path toward 280,500 and 283,000. The tightening price structure signals that a breakout resolution is approaching, with the bias leaning upward.

On the downside, immediate support is seen near 274,000. A sustained close below 274,000 would negate the cautiously bullish setup and invite corrective pressure toward 271,500 and 269,000, shifting near-term control decisively back to sellers. The ascending trendline remains the critical medium-term reference for bulls to defend on any meaningful dip.

 

Short term Research Report Call

Buy Above: 278,000 | Targets: 280,500, 283,000 | Stop-loss: 275,500

Sell Below: 274,000 | Targets: 271,500, 269,000 | Stop-loss: 276,500