Short term - Technical Outlook

Crude Oil futures are currently trading near 6,971, showing mild negative momentum with a small red candle as price extends its position near the lower end of the recent post-collapse range. The prior weeks have seen an extraordinary corrective decline from the 8,400–8,800 zone, and price is now consolidating near the 6,971–7,035 area with no clear base formation yet established, reflecting continued seller dominance and the absence of sustained buyer defence at current levels.

The short-term bias is bearish, with price trading below the 7,035 resistance level and the broader structure reflecting a sustained sequence of lower highs from the June peak. A decisive close above 7,035 would signal the first meaningful recovery attempt and invite buying toward 7,080 and 7,125, though the weight of the prior decline continues to impose significant overhead supply. Until that reclaim occurs convincingly on a closing basis, any bounce is likely to attract fresh selling near the resistance zone.

On the downside, immediate support is seen near 6,860. A sustained close below 6,860 would confirm the continuation of the bearish phase and open the path toward 6,815 and 6,770, extending the multi-week decline further. The broader structural reference at 6,752 visible on the chart represents the next significant demand level in that scenario, and sellers retain the clear near-term advantage.

 

Short term Research Report Call

Buy Above: 7,035 | Targets: 7,080, 7,125 | Stop-loss: 6,990

Sell Below: 6,860 | Targets: 6,815, 6,770 | Stop-loss: 6,905

 

 

Short term - Technical Outlook

Gold futures are currently trading near 148,182, showing continued mild negative pressure with a small red candle as price oscillates near the lower end of the 147,000–149,500 range that has prevailed since the recent multi-week lows. The broader pattern from the mid-May highs near 162,000 reflects a sustained corrective decline, and the repeated inability of price to build any durable recovery above the 149,000–149,500 resistance band confirms that sellers continue to dominate on any bounce attempt.

The short-term bias is bearish, with price trading below the 149,500 resistance and the sequence of lower highs from the May peak remaining firmly intact. A decisive close above 149,500 would be needed to begin challenging the prevailing bearish structure and invite a recovery toward 151,000 and 152,500. Until that level is reclaimed convincingly on a closing basis, the structure continues to favour sellers on any intraday bounce toward the resistance zone.

On the downside, immediate support is seen near 147,000. A sustained close below 147,000 would confirm renewed bearish pressure and open the path toward 145,500 and 144,000, extending the corrective decline from the May highs into fresh multi-month lows. The pattern of failed recovery attempts near 149,000–149,500 suggests that sellers are well-positioned and the near-term outlook remains skewed to the downside.

 

Short term Research Report Call

Buy Above: 149,500 | Targets: 151,000, 152,500 | Stop-loss: 148,000

Sell Below: 147,000 | Targets: 145,500, 144,000 | Stop-loss: 148,500

 

 

Short term - Technical Outlook

Natural Gas futures are currently trading near 310, showing a small positive candle with tentative stability as price consolidates near the ascending trendline support from late May. The recent candle sequence has been characterised by alternating sharp advances and pullbacks within the broad 292–324 range, and the current session reflects continued indecision near the 308–312 zone as the market digests the twin June peaks and the subsequent corrections.

The short-term bias is cautious, with the ascending trendline from late May continuing to provide structural support and price attempting to hold above the 306–308 demand band. The 315 level now acts as the key near-term resistance trigger, and a decisive close above it would signal renewed bullish conviction and open the path toward 317 and 319. Until that breakout is confirmed on a closing basis, the pattern of lower highs from the June peaks limits upside conviction despite the trendline support from below.

On the downside, a sustained close below 305 would confirm a trendline breakdown and invite corrective pressure toward 303 and 301, with the broader 288–292 demand base acting as the significant medium-term reference in that scenario. Buyers need to defend 305 on a closing basis to keep the cautious near-term structure intact.

 

Short term Research Report Call

Buy Above: 315 | Targets: 317, 319 | Stop-loss: 313

Sell Below: 305 | Targets: 303, 301 | Stop-loss: 307

 

 

Short term - Technical Outlook

Silver Futures are currently trading near 234,300, showing mild negative pressure with a red candle as price remains under pressure in the 231,500–237,000 range following the extended corrective decline from the May highs near 300,000. The repeated failure to sustain any meaningful recovery above the 237,000–238,000 resistance area over recent sessions reflects persistent seller control, with buyers lacking the conviction to drive a sustained directional recovery from current multi-month lows.

The short-term bias is bearish, with price consolidating at the lower end of the recent range and the sequence of lower highs from the June recovery peak intact. The 237,000 level acts as the key near-term barrier above, and a decisive close above it would be the minimum requirement to begin shifting near-term momentum toward buyers and signal a potential recovery toward 239,500 and 242,000. Until that reclaim is confirmed, the structure continues to favour sellers on any bounce toward resistance.

On the downside, a sustained close below 231,500 would confirm fresh bearish momentum and expose 229,000 and 226,500, extending the decline from the May highs into new multi-month lows. The 230,458 structural reference visible on the chart acts as the broader support in that scenario, and sellers retain the near-term advantage as long as price holds below 237,000 on a closing basis.

 

Short term Research Report Call

Buy Above: 237,000 | Targets: 239,500, 242,000 | Stop-loss: 234,500

Sell Below: 231,500 | Targets: 229,000, 226,500 | Stop-loss: 234,000