Short Term – Technical Outlook

Crude Oil futures are currently trading near 9,645, showing mild intraday consolidation with a small red candle following the strong multi-session advance that carried price to the highs near 10,400. Despite today's minor pullback, the broader recovery structure from the corrective lows near 7,700 remains firmly intact, with the price sustaining well above key structural support levels and the ascending trendline continuing to provide dynamic support on dips.

The broader structure remains constructively bullish, with the price holding comfortably within the recovery channel and buyers defending each corrective pullback with conviction. The current consolidation near 9,600–9,700 reflects orderly digestion following the strong advance, with momentum continuing to favour the upside. A sustained trade above 9,975 would confirm the continuation of the bullish advance and invite upside momentum toward 10,025 and 10,075, extending the rally toward the prior highs.

On the downside, immediate support lies near 9,450, followed by stronger structural demand near 9,115. A breakdown below 9,450 may invite a brief corrective phase, though the dominant near-term bias firmly favours buyers on dips as long as price holds above key structural support.

Short Term Research Report Call

Buy Above: 9,975 | Targets: 10,025, 10,075 | Stop-loss: 9,925

Sell Below: 9,450 | Targets: 9,400, 9,350 | Stop-loss: 9,500

GoldM (MCX)

Short Term – Technical Outlook

Gold futures are currently trading near 151,363, showing a tentative green candle attempting to build on the recent recovery from the lows near 148,500. Despite the near-term stabilisation, the price continues to face significant overhead resistance near 153,000–155,000 and has been unable to sustain meaningful upside progress, with sellers maintaining consistent control at higher levels and the broader near-term structure reflecting continued distribution following the extended decline from the highs.

The broader near-term bias remains bearish, with the price trading well below the key resistance band and each attempted recovery being capped decisively by overhead supply. The current zone near 151,000–152,000 represents a critical near-term juncture, with the price vulnerable to further downside if sellers reassert control at current levels. A sustained trade below 150,000 would confirm renewed bearish momentum and invite downside pressure toward 148,500 and 147,000.

On the upside, a decisive breakout and sustained close above 153,000 would be required to shift the near-term bias constructively and neutralise the current distribution pattern, 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: 153,000 | Targets: 154,500, 156,000 | Stop-loss: 151,500

Sell Below: 150,000 | Targets: 148,500, 147,000 | Stop-loss: 151,500

Natural Gas (MCX)

Short Term – Technical Outlook

Natural Gas futures are currently trading near 264, showing mild consolidation with a small red candle holding just below the significant overhead resistance zone near 270 following the sharp and decisive recovery from the multi-week lows near 237. Despite today's intraday pause, the price continues to sustain above key structural support and the broader recovery structure remains firmly intact, with buyers defending dips and the near-term bias strongly favouring continuation of the bullish advance.

The broader structure has turned firmly bullish, with the price staging a strong and sustained recovery from the corrective lows and building a clear series of higher lows and higher highs across recent sessions. The current consolidation near 262–265 reflects natural digestion ahead of a potential breakout above the 270 resistance band, with momentum continuing to underpin the upside. A sustained trade above 270 would confirm the continuation of the bullish recovery and invite upside momentum toward 272 and 274, validating the full recovery from the corrective phase.

On the downside, immediate support lies near 260, followed by stronger structural demand near 255. A breakdown below 260 would delay the recovery and invite a corrective retracement, though the prevailing bullish structure strongly favours buyers on dips as long as price holds above the key 260 support zone.

Short Term Research Report Call

Buy Above: 270 | Targets: 272, 274 | Stop-loss: 268

Sell Below: 260 | Targets: 258, 256 | Stop-loss: 262

SilverM (MCX)

Short Term – Technical Outlook

Silver Futures are currently trading near 250,997, showing mild consolidation with a small green candle following the sharp recovery from the recent lows near 235,000. Despite the near-term bounce, the price continues to trade beneath the significant overhead resistance band near 254,500 and the broader near-term structure reflects persistent seller control at elevated levels, with each recovery attempt likely to attract renewed supply near the overhead supply zone.

The broader near-term bias remains cautiously bearish, with the price stalling below the key resistance band following the recovery bounce and sellers expected to reassert near the 254,500 zone. The current zone near 250,000–252,000 displays hesitation and limited genuine buyer conviction, indicating that the current bounce may represent a corrective retracement within the broader bearish structure rather than a meaningful trend reversal. A decisive breakdown below 247,500 would confirm renewed bearish momentum and invite corrective extension toward 245,500 and 443,500.

On the upside, a sustained breakout above 254,500 would be required to neutralise the near-term bearish bias and invite a meaningful recovery, though the prevailing structure firmly favours sellers unless a decisive and sustained close above the overhead supply zone occurs.

Short Term Research Report Call

Buy Above: 254,500 | Targets: 256,500, 258,500 | Stop-loss: 252,500

Sell Below: 247,500 | Targets: 245,500, 243,500 | Stop-loss: 249,500