Short term - Technical Outlook

Crude Oil futures are currently trading near 8,088, showing a small positive candle attempting to stabilise after the sharp multi-session decline that has driven price through multiple support levels and now into the 8,000–8,100 zone. The extended corrective move from the May highs near 10,391 has been significant, with price having broken below the long-term ascending trendline and now trading near structurally critical demand levels that have not been tested in several months.

The short-term bias is cautiously bearish, with price holding below the key 8,390 resistance band and the sequence of lower highs from the May peak firmly intact. A decisive close above 8,390 would be required to signal any meaningful near-term recovery and invite buying toward 8,435 and 8,480, though the broken trendline and sustained red candle dominance suggest that sellers remain in control on any intraday bounce. The 7,970 support level is now the critical near-term reference below.

On the downside, a sustained close below 7,970 would confirm the continuation of the bearish phase and expose 7,925 and 7,880, extending the multi-week corrective decline into fresh multi-month lows. The broader structural demand visible near 7,677 on the chart represents the significant medium-term reference in that scenario, and sellers maintain the decisive near-term advantage until 8,390 is reclaimed convincingly.

 

Short term Research Report Call

Buy Above: 8,390 | Targets: 8,435, 8,480 | Stop-loss: 8,345

Sell Below: 7,970 | Targets: 7,925, 7,880 | Stop-loss: 8,015

 

 

Short term - Technical Outlook

Gold futures are currently trading near 150,675, showing a near-flat session with a marginal negative candle as price consolidates near the 150,000–151,500 zone following the recovery from the recent multi-week lows near 147,000. The prior sessions' recovery candles reflected buyer re-engagement at structurally significant demand levels, and the current consolidation reflects a pause in the recovery as price approaches the 151,410–152,417 overhead resistance band.

The short-term bias is cautious, with price attempting to establish a base following the extended corrective decline from the May highs near 162,000. The 152,500 level now acts as the near-term recovery trigger, and a decisive close above it would confirm that buyers have wrested back near-term control and open the path toward 154,000 and 155,500, beginning a meaningful retracement of the recent decline. The prior 154,000–156,000 zone will likely act as supply on any recovery and will require sustained buyer conviction to overcome.

On the downside, immediate support is seen near 147,500. A sustained close below 147,500 would negate the current recovery attempt and invite renewed bearish pressure toward 146,000 and 144,500, suggesting that the base formation near the recent lows has failed. As long as 147,500 holds on a closing basis, the cautious near-term structure continues to favour patient buyers on any dip.

 

Short term Research Report Call

Buy Above: 152,500 | Targets: 154,000, 155,500 | Stop-loss: 151,000

Sell Below: 147,500 | Targets: 146,000, 144,500 | Stop-loss: 149,000

 

 

Short term - Technical Outlook

Natural Gas futures are currently trading near 297, showing a small positive candle with tentative recovery momentum following the sharp decline from the recent twin peaks near 322–324. The price has pulled back significantly from the June highs and is now consolidating near the 294–300 zone, with the ascending trendline from late May continuing to provide underlying structural support as buyers attempt to stabilise near current levels.

The short-term bias is cautious, with price caught between the 294 support and the 304 resistance band following the sustained post-peak correction. The 304 level now acts as the key near-term trigger, and a decisive close above it would signal renewed upside momentum and open the path toward 306 and 308. Until that reclaim is confirmed on a closing basis, the broader pattern of lower highs from the June peaks continues to limit conviction on the long side.

On the downside, a sustained close below 294 would confirm a further breakdown and invite corrective pressure toward 292 and 290, putting the broader ascending trendline and the 288–290 medium-term demand base under meaningful pressure. Buyers need to defend 294 on a closing basis to preserve any near-term constructive bias.

 

Short term Research Report Call

Buy Above: 304 | Targets: 306, 308 | Stop-loss: 302

Sell Below: 294 | Targets: 292, 290 | Stop-loss: 296

 

 

Short term - Technical Outlook

Silver Futures are currently trading near 246,604, showing mild positive momentum with a small green candle as price continues to recover from the recent multi-week lows near 233,000. The bounce from the 233,000–236,000 demand zone over the past several sessions reflects emerging buyer interest at structurally significant levels, though the overall candle sequence remains characterised by indecision as the market attempts to build a base following the sharp corrective decline from the May highs near 300,000.

The short-term bias is cautious, with price recovering but still trading well below the prior breakdown zone near 252,000–265,000. The 252,500 level now acts as the key near-term resistance trigger, and a decisive close above it would confirm bullish recovery momentum and open the path toward 255,000 and 257,500, signalling that the corrective phase may be finding its floor. Until that level is reclaimed convincingly on a closing basis, the recovery remains tentative and vulnerable to renewed selling pressure.

On the downside, immediate support is seen near 243,000. A sustained close below 243,000 would negate the current recovery attempt and invite fresh corrective pressure toward 240,500 and 238,000, re-exposing the lows and suggesting that the base formation has failed. Buyers need to defend 243,000 on a closing basis to keep the cautiously constructive recovery structure intact.

 

Short term Research Report Call

Buy Above: 252,500 | Targets: 255,000, 257,500 | Stop-loss: 250,000

Sell Below: 243,000 | Targets: 240,500, 238,000 | Stop-loss: 245,500