Daily Commodity Reports

Short term - Technical Outlook

Crude Oil futures are currently trading near 8,365, showing a mild positive candle after opening at 8,280 and edging toward the session high of 8,370. The prior sessions saw a recovery from the 8,085 zone toward the current 8,325–8,400 resistance band, with alternating green and red candles reflecting a consolidation phase below the key overhead supply. The current green candle reflects renewed buyer interest, with price attempting to break above the immediate resistance zone and build momentum for a test of the 8,480 supply level.

The broader structure remains bullish, with all short-term moving averages positioned below current price following the sustained recovery from the 7,110 lows. Price is now trading within the 8,325–8,400 resistance band, and a sustained close above 8,480 would confirm a fresh breakout and open the path toward 8,525 and higher extension levels. The 8,325 zone represents the immediate near-term support, and buyers must defend this level to maintain the current bullish recovery trajectory.

On the downside, immediate support lies near 8,325–8,250, followed by stronger structural demand at 8,165. A clear break below 8,325 would invite corrective pressure toward 8,280 and lower, though the current green candle and prior recovery momentum suggest buyers remain active above the 8,325 zone.

 

Short term Research Report Call

Buy Above: 8,480 | Targets: 8,525, 8,570 | Stop-loss: 8,435

Sell Below: 8,325 | Targets: 8,280, 8,235 | Stop-loss: 8,370

 

 

Short term - Technical Outlook

Gold futures are currently trading near 162,440, showing a mild positive candle after opening at 161,890 and edging toward the session high of 162,680. The prior sessions delivered a sharp and powerful advance from the 158,800 zone to the highs near 162,440, with a sequence of dominant green candles driving price to fresh highs and reclaiming the 161,850–163,040 resistance band in a decisive move. The current candle reflects continued buyer momentum, with price now approaching the key overhead supply at 163,040–163,900 and all moving averages stacked well below current price confirming the bullish alignment.

The broader structure is convincingly bullish on the higher timeframe, with the sustained rally from the 144,000 lows still intact and price making consistent fresh highs across the recent sessions. The prior session's advance has established 161,850 as the new near-term support, and a sustained close above 163,900 would confirm a fresh breakout and open the path toward 165,400 and higher extension levels. The current candle's positive tone and position near the highs suggests buyers are maintaining momentum ahead of the key resistance test.

On the downside, immediate support lies near 161,850–161,020, followed by stronger structural demand at 158,090. A clear break below 161,850 would invite a short-term corrective move toward 160,350 and lower, though the dominant bullish structure and current session's positive candle firmly favour buyers on any dip while price holds above the 161,850 support zone.

 

Short term Research Report Call

Buy Above: 163,900 | Targets: 165,400, 166,900 | Stop-loss: 162,400

Sell Below: 161,850 | Targets: 160,350, 158,850 | Stop-loss: 163,350

 

 

Short term - Technical Outlook

Natural Gas futures are currently trading near 264.5, showing a mild negative candle after opening at 266.0 and easing from the session high of 266.5. The prior sessions delivered a sharp recovery from the lows near 260.5 toward the 266–268 zone, before the current session pulled back toward the 264.0–264.5 area. The candle reflects continued mild selling pressure near the lower boundary of the recent range, with price testing the 263.5–264.5 support zone following the prior session's rejection from the 266–268 overhead resistance band.

The broader structure remains range-bound between the 261.0 lows and 268.0 resistance, with alternating candles and no decisive directional breakout. The short-term moving averages are now clustering near the 264.0–268.0 zone, reflecting indecision and compressed price action. A sustained close above 268.0 would signal the consolidation has resolved in favour of buyers and invite continuation toward 270.0 and higher, while a break below 263.0 would confirm the range is resolving to the downside and expose the 261.0 zone and lower structural demand.

On the downside, immediate support lies near 263.0–261.0, followed by deeper structural demand at 259.0. A clear break below 263.0 would invite renewed selling pressure toward 261.0 and lower, though the prior sessions' recovery from the 260.5 lows and the current candle's position above 264.0 suggest buyers are attempting to hold the near-term support zone.

 

Short term Research Report Call

Buy Above: 268 | Targets: 270, 272 | Stop-loss: 266

Sell Below: 263 | Targets: 261, 259 | Stop-loss: 265

 

 

Short term - Technical Outlook

Silver Futures are currently trading near 246,360, showing a marginally negative candle after opening at 246,510 and easing from the session high of 247,670. The prior sessions delivered a powerful surge from the 240,090 zone to the highs near 248,270, with dominant green candles breaking through multiple resistance levels and establishing a fresh multi-week high. The current candle reflects brief consolidation near the upper resistance zone at 247,460–248,270 following the sharp advance, with buyers maintaining a foothold above the 245,460 support level.

The broader structure is firmly bullish, with all moving averages positioned well below current price and the sustained candle sequence of higher lows and higher highs confirming strong underlying buyer conviction. The prior sessions' sharp advance has established 245,460 as the new critical near-term support, and a sustained close above 248,270 would confirm a fresh breakout and open the path toward 250,770 and higher extension levels. The current consolidation near the highs is consistent with a healthy pause before potential continuation.

On the downside, immediate support lies near 245,460–244,630, followed by stronger structural demand at 240,090. A clear break below 245,460 would invite corrective pressure toward 242,960 and lower, though the strength of the prior sessions' advance and the current candle's hold near the highs firmly suggest buyers remain in control of the short-term directional bias.

 

Short term Research Report Call

Buy Above: 248,270 | Targets: 250,770, 253,270 | Stop-loss: 245,770

Sell Below: 245,460 | Targets: 242,960, 240,460 | Stop-loss: 247,960