Short term - Technical Outlook

Crude Oil futures are currently trading near 8,970, showing strong bullish momentum with a prominent green candle following a decisive recovery from the recent lows near 8,310. The price has surged sharply in the current session, reclaiming multiple prior resistance bands in a single advance and reflecting broad-based buyer conviction after the extended corrective phase from the May highs near 10,350.

The short-term bias is cautiously bullish following the powerful reversal candle from the long-term ascending trendline support. Price is now approaching the 8,860–9,082 resistance band, and a decisive close above 8,860 would confirm continuation of the recovery and open the path toward 8,905 and 8,950. The ascending trendline from early April, which provided support at the recent lows, continues to underpin the broader bullish structure and reinforces the buy-on-dips thesis as long as 8,690 holds on a closing basis.

On the downside, immediate support is seen near 8,690. A sustained close below 8,690 would suggest the recovery advance has stalled prematurely and invite a retest of 8,645 and 8,600, raising questions about the durability of the trendline-supported bounce. Until that occurs, the structure continues to favour buyers on any intraday consolidation.

 

Short term Research Report Call

Buy Above: 8,860 | Targets: 8,905, 8,950 | Stop-loss: 8,815

Sell Below: 8,690 | Targets: 8,645, 8,600 | Stop-loss: 8,735

 

 

 

Short term - Technical Outlook

Gold futures are currently trading near 159,306, showing a small red candle with mild consolidation following yesterday's sharp recovery from the 153,500 lows. The prior session's explosive advance reclaimed a significant portion of the corrective decline and established the 158,380–160,000 zone as the near-term battleground, with the current mild pullback reflecting natural digestion of that sharp move rather than a resumption of bearish pressure.

The short-term bias is cautiously bullish following the powerful reversal from multi-week lows. Price is now consolidating just below the 160,000 resistance level, and a decisive close above 160,000 would confirm that buyers have wrested back near-term control and open the path toward 161,500 and 163,000. The scale and character of yesterday's recovery candle suggests that the corrective phase from the May highs may have run its course, though confirmation requires a sustained hold above 158,500 on a closing basis to validate the emerging recovery structure.

On the downside, immediate support is seen near 158,500. A sustained close below 158,500 would signal that the sharp recovery was a temporary relief move and invite renewed corrective pressure toward 157,000 and 155,500, re-exposing the lows posted earlier this week. As long as 158,500 holds, the cautiously bullish bias remains credible.

 

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 302, showing a small positive candle with tentative stabilisation after the sharp corrective pullback from the recent peak near 323. The price has retraced a substantial portion of the late May advance over just a few sessions, and the current candle reflects early signs of buyer interest emerging near the 300–302 zone, though the recovery lacks decisive momentum at this stage.

The short-term bias is cautious, with price consolidating below the 305 resistance band and the ascending trendline from late May now being tested from above. The 305 level is the immediate trigger for any bullish recovery attempt, and a decisive close above it would invite renewed buying momentum toward 307 and 309. Until that reclaim is confirmed on a closing basis, the structure continues to reflect post-rally consolidation with sellers retaining the near-term advantage on any bounce.

On the downside, immediate support is seen near 300. A sustained close below 300 would confirm a deeper unwind of the recent advance and open the path toward 298 and 296, with the broader 288–290 base acting as the significant medium-term demand zone in that scenario. Buyers will need to defend the 300 level on a closing basis to prevent an accelerated corrective move.

 

Short term Research Report Call

Buy Above: 305 | Targets: 307, 309 | Stop-loss: 303

Sell Below: 300 | Targets: 298, 296 | Stop-loss: 302

 

 

Short term - Technical Outlook

Silver Futures are currently trading near 266,522, showing mild bearish pressure with a red candle as price continues to struggle below the 268,836–270,000 resistance zone. The broader price structure reflects a market in consolidation following the sustained decline from the May highs near 282,000, with buyers and sellers exchanging control in a compressed range and neither side generating sufficient momentum for a decisive directional break.

The short-term bias is cautious, with price oscillating between the 263,000 demand zone and the 270,000 resistance area without a clear trend developing. A decisive close above 269,000 would signal an emerging bullish shift and open the path toward 271,500 and 274,000, while the persistent failure to hold above 270,000 on a closing basis continues to keep sellers in a position of near-term advantage. The absence of a clear structural anchor leaves the setup indeterminate until one of the range boundaries is clearly broken.

On the downside, immediate support is seen near 265,500. A sustained close below 265,500 would confirm a breakdown from the current range and invite fresh corrective pressure toward 263,000 and 260,500, extending the broader decline from the May peak. Buyers need to defend 265,500 convincingly to prevent the corrective structure from reasserting itself.

 

Short term Research Report Call

Buy Above: 269,000 | Targets: 271,500, 274,000 | Stop-loss: 266,500

Sell Below: 265,500 | Targets: 263,000, 260,500 | Stop-loss: 268,000