Daily Commodity Reports

Short term - Technical Outlook

Crude Oil futures closed near 8,583, ending with a green candle as price consolidated near the highs following the sharp breakout from the 8,300-8,400 range. The session reflects continued buyer control, with price holding well above all four EMAs (8,274/8,120/7,997/7,933) and the RSI at 70 confirming strong momentum approaching overbought territory.

Price is now consolidating just below the 8,640 resistance level, with the advance from the 8,275 lows intact through higher lows-higher highs. A sustained close above 8,640 would confirm the breakout and invite continuation toward 8,690-8,740. The RSI near 70 warrants attention for potential short-term exhaustion, though momentum remains firmly with buyers.

On the downside, a close below 8,500 would undermine the advance and invite corrective pressure toward 8,450-8,400. The overall short-term bias is bullish, with the EMA alignment and RSI structure supporting buyers as long as 8,500 holds on a closing basis.

 

Short term Research Report Call

Buy Above: 8,640 | Targets: 8,690, 8,740 | Stop-loss: 8,590

Sell Below: 8,500 | Targets: 8,450, 8,400 | Stop-loss: 8,550

 

 

Short term - Technical Outlook

Gold futures closed near 152,544, ending with a green candle as price attempted to recover from the 150,200 lows toward the 152,500 zone. The session reflects a tentative stabilization near the 200 EMA (151,857), though price remains well below the 20 EMA (154,700) and 50 EMA (155,900), with the RSI at 34 confirming deeply bearish momentum near oversold territory.

Price is consolidating within the 152,000-154,000 range, with the 200 EMA providing immediate structural support and all short-term EMAs overhead acting as dense resistance. A sustained close above 154,000 would signal a meaningful recovery and invite continuation toward 155,000-156,000. Until then, the weight of declining EMAs keeps rallies capped.

On the downside, a close below 152,000 would confirm a break below the 200 EMA and invite extension toward 151,000-150,000. The overall short-term bias remains bearish, with the RSI near oversold and the sustained decline from the 163,000 highs favouring sellers unless 154,000 is reclaimed on a closing basis.

 

Short term Research Report Call

Buy Above: 154,000 | Targets: 155,000, 156,000 | Stop-loss: 153,000

Sell Below: 152,000 | Targets: 151,000, 150,000 | Stop-loss: 153,000

 

 

Short term - Technical Outlook

Natural Gas futures closed near 279, ending with a red candle as price pulled back from the 282 highs toward the 279 zone. The session reflects mild profit-taking following the recent rally, with price holding above all four EMAs (277/272/271/275) and the RSI near 57 confirming moderate upside momentum without overextension.

Price is consolidating within the 277-282 range, with the broader recovery structure from the 266 lows remaining intact. A sustained close above 282 would confirm the breakout and invite continuation toward 284-286. The pullback from the highs remains contained within the upper half of the recent advance.

On the downside, a close below 277 would interrupt the rally and invite corrective pressure toward 275-273. The overall short-term bias remains cautiously bullish, with the EMA alignment and RSI supporting buyers as long as 277 holds on a closing basis.

 

Short term Research Report Call

Buy Above: 282 | Targets: 284, 286 | Stop-loss: 280

Sell Below: 277 | Targets: 275, 273 | Stop-loss: 279

 

 

Short term - Technical Outlook

Silver futures closed near 236,428, ending with a small green candle as price attempted to stabilize near the 236,000 zone following the decline from the 245,000 highs. The session reflects tentative stabilization, though price remains below the 20 EMA (238,200) and 50 EMA (238,400), with the RSI at 44 confirming subdued momentum and seller control.

Price is consolidating within the 233,500-238,000 range, with the 100/200 EMAs (235,800/235,200) near current levels providing a temporary floor. A sustained close above 238,000 would signal recovery above the short-term EMAs and invite continuation toward 240,000-242,000. Until then, the pattern of lower highs from the recent peak keeps rallies vulnerable.

On the downside, a close below 233,500 would confirm a break below the EMA support cluster and invite extension toward 231,500-229,500. The overall short-term bias remains cautiously bearish, with the RSI below 50 and declining EMA structure favouring sellers unless 238,000 is reclaimed on a closing basis.

 

Short term Research Report Call

Buy Above: 238,000 | Targets: 240,000, 242,000 | Stop-loss: 236,000

Sell Below: 233,500 | Targets: 231,500, 229,500 | Stop-loss: 235,500