Short term - Technical Outlook

Crude Oil futures are currently trading near 8,540, showing continued bearish pressure with a red candle as price extends the corrective decline from the recent swing high near 10,350. The session reflects persistent seller dominance, with the price having surrendered multiple support levels over the past several weeks and now trading at the lower end of a multi-month range, highlighting the depth of the ongoing corrective phase.

The short-term bias is cautiously bearish, with price consolidating below the 8,680 resistance band and the overall structure reflecting a series of lower highs and lower lows from the May peak. A decisive close above 8,680 would be needed to signal a meaningful recovery attempt and invite fresh buying toward 8,725 and 8,770, though momentum continues to favour sellers on any intraday bounce until that level is reclaimed convincingly. The long-term ascending trendline visible on the broader chart continues to provide structural context from below.

On the downside, immediate support is seen near 8,415. A sustained close below 8,415 would confirm the next leg of corrective decline and expose 8,370 and 8,325, with the longer-term base near 8,210 acting as a deeper structural reference in that scenario. Until buyers demonstrate the ability to reclaim 8,680 on a closing basis, the path of least resistance remains tilted lower.

 

Short term Research Report Call

Buy Above: 8,680 | Targets: 8,725, 8,770 | Stop-loss: 8,635

Sell Below: 8,415 | Targets: 8,370, 8,325 | Stop-loss: 8,460

 

 

Gold futures are currently trading near 156,900, showing mild recovery with a small green candle following a sharp corrective decline from the 159,000–160,000 zone over the past several sessions. The price has found tentative support near the 155,500–156,000 area, and the emerging green candle suggests that sellers may be losing momentum at current levels as buyers begin to reassert themselves near the lower end of the recent decline.

The short-term bias is cautiously bullish, with the price attempting to stabilise after a sustained multi-session sell-off from the 159,000–160,000 resistance band. The 157,500 level now acts as the immediate recovery trigger, and a decisive close above 157,500 would confirm short-term bullish intent and open the path toward 159,000 and 160,500. The prior consolidation range between 158,000 and 160,000 will likely act as overhead supply on any recovery, requiring strong and sustained buying conviction to overcome.

On the downside, immediate support is seen near 156,500. A sustained close below 156,500 would signal that the recovery attempt has failed and invite renewed bearish pressure toward 155,000 and 153,500, extending the corrective decline from the May highs. Buyers need to confirm a hold above 156,500 on a closing basis for the cautiously bullish bias to remain credible.

 

Short term Research Report Call

Buy Above: 157,500 | Targets: 159,000, 160,500 | Stop-loss: 156,000

Sell Below: 156,500 | Targets: 155,000, 153,500 | Stop-loss: 158,000

 

 

 

Short term - Technical Outlook

Natural Gas futures are currently trading near 314, showing a sharp bullish spike with a prominent green candle following a strong breakout from the prior consolidation range near 288–290. The price has surged vertically from the base zone, with buyers asserting aggressive control in the session and the candle character reflecting a momentum-driven expansion rather than a measured advance, introducing caution around sustainability at these elevated levels.

The short-term bias is cautiously bearish on the near-term outlook following the sharp extension, as such spike candles often invite swift retracement or consolidation in subsequent sessions. The 318 level now acts as the immediate resistance threshold above, and a decisive close above 318 would be needed to confirm bullish continuation and open the path toward 320 and 322. However, the velocity of the move warrants caution, and buyers chasing at current levels carry elevated risk of being caught in a pullback.

On the downside, immediate support is seen near 306. A sustained close below 306 would confirm the beginning of a retracement from the spike and invite corrective pressure toward 304 and 302, which would represent a partial unwinding of the sharp intraday advance. Price will need to consolidate constructively above 306 to validate the bullish move and build a sustainable base for any further upside.

 

Short term Research Report Call

Buy Above: 318 | Targets: 320, 322 | Stop-loss: 316

Sell Below: 306 | Targets: 304, 302 | Stop-loss: 308

 

 

Short term - Technical Outlook

Silver Futures are currently trading near 269,630, showing a strong recovery with a prominent green candle after finding support near the 262,000–265,000 demand zone. The sharp bounce from the recent lows reflects renewed buyer interest at structurally significant levels, and the candle character suggests that the prior corrective decline may be approaching exhaustion as dip buyers step in near the lower boundary of the broader range.

The short-term bias is cautiously bullish, with price recovering from the recent low near 262,000 and attempting to rebuild momentum above the 270,000 zone. The 273,000 level now acts as the key near-term trigger, and a decisive close above 273,000 would confirm bullish recovery intent and open the path toward 275,500 and 278,000. The broader horizontal support structure around 266,000–268,000 remains in place, lending credibility to the recovery setup as long as it holds on a closing basis.

On the downside, immediate support is seen near 266,500. A sustained close below 266,500 would negate the cautiously bullish setup and invite fresh corrective pressure toward 264,000 and 261,500, signalling that the recovery was merely a relief bounce rather than a genuine directional reversal. Buyers will need to defend the 266,500 level on any dip to maintain the emerging positive structure.

 

Short term Research Report Call

Buy Above: 273,000 | Targets: 275,500, 278,000 | Stop-loss: 270,500

Sell Below: 266,500 | Targets: 264,000, 261,500 | Stop-loss: 269,000