Daily Commodity Reports

Short term - Technical Outlook

Crude Oil futures are currently trading near 8,044, showing a mild negative candle after opening at 8,065 and easing below the opening level. The prior sessions saw a sharp recovery from the 7,680 lows toward the 8,200 zone, with a sequence of strong green candles reclaiming multiple resistance levels before sellers re-emerged near 8,200 and pushed price back toward the current 7,960–8,044 zone. The current candle reflects continued consolidation within this band following the prior session's pullback from the highs.

The broader structure has improved from the deeply oversold levels near 7,435, with the recovery reclaiming the 7,960–8,120 zone and establishing a new short-term range. The overhead resistance at 8,120–8,240 has capped the recent recovery, and price is now consolidating just above the 7,960 support level. A sustained close above 8,240 would confirm the recovery has resumed and open the path toward 8,285 and higher, while a break below 7,960 would invite renewed corrective pressure toward 7,915 and the 7,860 structural support.

On the downside, immediate support lies near 7,960–7,860, followed by deeper structural demand at 7,535. A clear break below 7,960 would invite renewed selling pressure toward 7,915 and lower, though the current consolidation above this level suggests buyers are attempting to maintain the short-term recovery structure.

 

Short term Research Report Call

Buy Above: 8,240 | Targets: 8,285, 8,330 | Stop-loss: 8,195

Sell Below: 7,960 | Targets: 7,915, 7,870 | Stop-loss: 8,005

 

 

Short term - Technical Outlook

Natural Gas futures are currently trading near 264.0, showing a mild negative candle after opening at 265.0 and easing below the opening level. The prior sessions have seen price stabilize and recover from the lows near 255 toward the current 263–267 range, with alternating candles reflecting a consolidation phase following the sharp prior breakdown. The current candle reflects continued indecision near the upper end of this consolidation range, with price testing the 264–265 zone and failing to sustain higher.

The broader structure remains bearish following the sharp breakdown from the 270–281 zone, with price continuing to trade below the key overhead resistance at 267.5–271. The current consolidation near 259–267 has been choppy with no clear directional resolution, but the inability to reclaim 267.5 on any sustained basis maintains the bearish bias. A sustained close above 271 would be the first meaningful signal of a short-term trend recovery, while a break below 263 would confirm continuation of the bearish structure toward 261 and lower.

On the downside, immediate support lies near 263–259, followed by deeper structural demand at 255–253. A clear break below 263 would confirm the consolidation is resolving to the downside and invite extension toward 261 and lower, though the recent alternating candle structure suggests the market is in a balancing phase near current levels before committing to the next directional move.

 

Short term Research Report Call

Buy Above: 271 | Targets: 273, 275 | Stop-loss: 269

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

 

 

Short term - Technical Outlook

Silver Futures are currently trading near 219,820, showing a mild positive candle after opening at 219,180 and edging toward the session high of 220,430. The prior sessions delivered a sharp recovery from the lows near 214,650, with a sequence of green candles reclaiming the 217,840–219,610 zone and pushing price back toward the 219,820–220,240 resistance band. The current candle reflects continued buyer momentum following the recovery, with price testing the lower boundary of the key overhead resistance zone around 221,040–222,740.

The broader structure remains bearish on the higher timeframe, with the descending trendline from the highs near 227,000 continuing to cap the medium-term recovery. The current recovery from the 214,650 lows has been meaningful but faces significant overhead supply at 221,040–222,740, which aligns with the descending trendline and prior breakdown zone. A sustained close above 222,740 would signal a more meaningful trend shift and open the path toward 225,240 and higher, while failure to break above 221,040 and a return below 217,840 would confirm the bearish structure remains intact.

On the downside, immediate support lies near 217,840–216,080, followed by deeper structural demand at 215,260. A clear break below 217,840 would invite renewed selling pressure toward 215,340 and lower, though the current recovery momentum and green candle structure suggest buyers are maintaining control above the 217,840–219,000 zone near term.

 

Short term Research Report Call

Buy Above: 222,740 | Targets: 225,240, 227,740 | Stop-loss: 220,240

Sell Below: 217,840 | Targets: 215,340, 212,840 | Stop-loss: 220,340