Short Term – Technical Outlook

Crude Oil futures are currently trading near 9,733, showing a mild green candle attempting to stabilise following the prior sessions of corrective pressure from the highs near 10,000. The price continues to hold above the ascending trendline support and sustains within the broader recovery structure, with buyer interest tentatively re-emerging near current levels though conviction remains cautious given the persistent overhead resistance near 9,960.

The broader structure maintains a cautious tone, with the price holding above the key structural support zone but struggling to reclaim meaningful overhead resistance. The current consolidation near 9,700–9,750 reflects a balance between dip buyers defending support and sellers capping each attempted advance. A sustained trade above 9,960 would shift the near-term bias constructively and invite upside momentum toward 10,010 and 10,060. Until then, the market is likely to remain range-bound with a cautious undertone.

On the downside, immediate support lies near 9,515, followed by stronger structural demand near 9,210. A breakdown below 9,515 would delay any recovery and signal a deeper corrective phase, though the broader trendline structure favours a gradual stabilisation as long as price holds above key demand.

 

Short Term Research Report Call

Buy Above: 9,960 | Targets: 10,010, 10,060 | Stop-loss: 9,910

Sell Below: 9,515 | Targets: 9,465, 9,415 | Stop-loss: 9,565

 

 

Short Term – Technical Outlook

Gold futures are currently trading near 162,003, showing a small red candle drifting below the key structural zone near 162,500 following the sharp and volatile advance that brought price to highs near 164,500 earlier in the week. Despite the prior bullish surge, the price has been unable to sustain above the overhead resistance band near 163,500 and continues to face consistent selling pressure at elevated levels, with the near-term structure reflecting a cautiously bearish tone as sellers assert control near the supply zone.

The broader near-term bias has turned cautiously bearish, with the price retreating from the overhead supply zone and consistent red candle sessions from the highs confirming seller dominance near current resistance. The current zone near 161,500–162,500 represents a critical near-term juncture, with the price at risk of further corrective pressure if buyers fail to defend current levels. A sustained trade below 161,000 would confirm renewed bearish momentum and invite downside pressure toward 159,500 and 158,000.

On the upside, a decisive breakout and sustained close above 163,500 would be required to neutralise the current cautiously bearish tone and invite a renewed bullish attempt, though the prevailing structure firmly favours sellers near resistance unless a clear and sustained close above the overhead supply band materialises.

 

Short Term Research Report Call

Buy Above: 163,500 | Targets: 165,000, 166,500 | Stop-loss: 162,000

Sell Below: 161,000 | Targets: 159,500, 158,000 | Stop-loss: 162,500

 

 

Short Term – Technical Outlook

Natural Gas futures are currently trading near 276.9, showing a mild green candle holding above the ascending trendline support following the pullback from the recent highs near 281. Despite today's tentative positive tone, the price remains beneath the key overhead resistance band near 281 and the near-term structure reflects a cautious bias, with buyers defending the trendline on dips but momentum yet to confirm a decisive resumption of the bullish advance.

The broader structure maintains a cautious tone, with the price consolidating between the ascending trendline support and the immediate resistance zone near 281. The current zone near 275–278 reflects a balance of forces, with buyers present near the trendline but sellers continuing to assert at higher levels. A sustained trade above 281 would confirm the resumption of the bullish trend and invite upside momentum toward 283 and 285, though a clear and sustained breakout is needed to validate the next advance.

On the downside, immediate support lies near 273.5, followed by stronger structural demand near 268. A breakdown below 273.5 would invite a corrective retracement toward lower support levels, though the prevailing trendline structure maintains a cautious but positive bias above key demand.

 

Short Term Research Report Call

Buy Above: 281 | Targets: 283, 285 | Stop-loss: 279

Sell Below: 273.5 | Targets: 271.5, 269.5 | Stop-loss: 275.5

 

 

Short Term – Technical Outlook

Silver Futures are currently trading near 291,250, showing a mild red candle extending the pullback from the recent highs near 304,000 following the aggressive rejection from the overhead supply band near 298,500–305,000. Despite the sharp advance earlier in the week, the price is now retreating meaningfully from elevated resistance levels, with sellers asserting consistent control near the supply zone and the near-term structure reflecting a cautiously bearish tone following the rejection from overhead supply.

The broader near-term bias has turned cautiously bearish, with the price failing to sustain above the 298,500 resistance band and the consistent red candle sessions from the highs confirming seller dominance near overhead supply. The current zone near 290,000–292,500 displays limited genuine buyer conviction, with the price at risk of extending the corrective decline toward lower structural support levels. A decisive breakdown below 287,000 would confirm renewed bearish momentum and invite corrective extension toward 285,000 and 283,000.

On the upside, a sustained breakout above 298,500 would be required to neutralise the near-term bearish bias and invite renewed buying interest, though the prevailing structure firmly favours sellers near the current zone unless a decisive and sustained close above the overhead supply band occurs.

 

Short Term Research Report Call

Buy Above: 298,500 | Targets: 300,500, 302,500 | Stop-loss: 296,500

Sell Below: 287,000 | Targets: 285,000, 283,000 | Stop-loss: 289,000