Short term - Technical Outlook

Crude Oil futures are currently trading near 6099, consolidating just below the key resistance zone at 6106–6138. The price structure remains bullish on the higher timeframe, supported by an ascending trendline from the 5037 base, with consistent higher lows reflecting sustained buying interest.

However, the price has encountered repeated rejections near the 6106–6138 supply area across multiple sessions, with recent candles displaying smaller bodies, minor pullback, and signs of hesitation at the upper boundary. A decisive breakout and sustained close above 6138 could ignite fresh upside momentum toward 6250–6300 and potentially higher levels.

On the downside, immediate support lies near 6000–6075, followed by stronger structural support along the ascending trendline near 5795–5611. A breakdown below 6000 may trigger short-term profit booking or corrective pullback toward 5795–5611 levels.

Short term Research Report Call

Buy Above: 6138 | Targets: 6250, 6300 | Stop-loss: 6020

Sell Below: 6000 | Targets: 5795, 5611 | Stop-loss: 6075

Short term - Technical Outlook

Gold futures are currently trading near 161971, consolidating just below the key resistance zone around 162010–162500. Price continues to form higher lows from the strong demand base near 149817–151195, maintaining a short-term bullish structure with steady upward pressure visible in recent sessions.

The 162010 level has acted as a persistent supply barrier, with multiple tests showing hesitation and small-bodied candles near the zone. A decisive breakout and sustained close above 162010 could confirm renewed bullish momentum and open the path toward 166400 and further to 174000–176000 levels.

On the downside, immediate support lies near 160950–160000, followed by stronger structural support at 151195–149817. A breakdown below 160000 may invite short-term corrective pressure toward 151195–149817 levels.

Short term Research Report Call

Buy Above: 162010 | Targets: 166400, 174000 | Stop-loss: 160000

Sell Below: 160000 | Targets: 151195, 149817 | Stop-loss: 161000

Short term - Technical Outlook

Natural Gas futures are currently trading near 262.4, showing modest recovery and consolidating just above the major demand zone around 257.9–244.4 after the prolonged downtrend from the January/February peak near 640–600 levels. The price has maintained a series of lower highs and lower lows overall, with the descending trendline from the highs continuing to act as dynamic resistance.

Recent candles indicate reduced selling pressure near the bottom of the multi-month channel, with small-bodied candles and a slight green close suggesting potential short-term exhaustion of bears. The structure remains bearish on the broader timeframe, but the critical support cluster at 257.9–244.4 has held multiple tests, creating a possible base for reversal if buying momentum builds. A decisive breakdown and sustained close below 244.4 could accelerate downside toward 220–200 levels (channel projection).

On the upside, immediate resistance lies near 275–280, followed by stronger supply at 300–320 and the descending trendline. A sustained breakout and close above 280 would signal short-term bullish reversal potential and open the door for a relief rally toward 320–340 or higher.

Short term Research Report Call

Buy Above: 280 | Targets: 320, 340 | Stop-loss: 257 

Sell Below: 244.4 | Targets: 220, 200 | Stop-loss: 257

Short term - Technical Outlook

Silver futures are currently trading near 281990, pushing higher and testing the key resistance zone around 280000–290000. Price has shown strong recovery momentum from the February lows, forming a clear higher low structure off the major demand base near 231063, with the latest green candle closing near the upper end of the recent range.

The broader structure remains range-bound between the strong demand at 231000–235000 and the persistent supply zone at 280000–290000, where previous rejections occurred. The current advance has brought price back into the upper band of this range, indicating building bullish pressure. A decisive breakout and sustained close above 290000 could trigger fresh upside momentum toward 305000 and further to 333000–333255 levels.

On the downside, immediate support lies at 275000–270000, followed by stronger demand near 260000 and the major zone at 231063. A breakdown below 270000 may invite short-term profit booking or renewed weakness toward 260000–231000.

Short term Research Report Call

Buy Above: 290000 | Targets: 305000, 333000 | Stop-loss: 275000

Sell Below: 270000 | Targets: 260000, 231000 | Stop-loss: 275000