Short term - Technical Outlook

Crude Oil futures are currently trading near 6,960, showing a near-flat session with a marginal red candle as price continues to consolidate near multi-month lows following the extraordinary corrective decline from the 8,400–8,800 range. The current session reflects an absence of meaningful buyer conviction at current levels, with price hovering in a compressed 6,900–7,040 range and neither buyers nor sellers demonstrating the aggression needed to drive a decisive directional move.

The short-term bias is bearish, with price trading below the key 7,040 resistance band and the descending structure from the June highs firmly intact. A decisive close above 7,040 would signal the first meaningful recovery attempt and invite buying toward 7,085 and 7,130, but the persistent inability of price to reclaim this level confirms that sellers continue to dominate on any bounce attempt. The absence of a trendline or structural support beneath current price leaves the setup vulnerable to further downside.

On the downside, immediate support is seen near 6,900. A sustained close below 6,900 would confirm the next leg of bearish pressure and open the path toward 6,855 and 6,810, extending the corrective decline further into fresh multi-month lows with the 6,752 structural reference acting as the broader support in that scenario. Sellers retain the clear near-term advantage until 7,040 is reclaimed convincingly.

 

Short term Research Report Call

Buy Above: 7,040 | Targets: 7,085, 7,130 | Stop-loss: 6,995

Sell Below: 6,900 | Targets: 6,855, 6,810 | Stop-loss: 6,945

 

 

Short term - Technical Outlook

Gold futures are currently trading near 146,443, showing a near-flat session with a marginal red candle as price hovers at the lower end of the recent range near multi-week lows. The descending trendline connecting lower highs from the May peak near 162,000 continues to press price downward, and the current session reflects an absence of buyer conviction at structurally significant levels, with the market unable to mount any sustained recovery from the 146,000–147,000 demand zone despite multiple tests over recent sessions.

The short-term bias is bearish, with price trading below the 148,000 resistance band and the descending trendline from the May highs maintaining consistent overhead pressure. A decisive close above 148,000 would be required to begin neutralising the current bearish structure and invite a recovery toward 149,500 and 151,000. Until that level is reclaimed convincingly, the pattern of failed recovery attempts and the declining trendline structure continue to favour sellers on any intraday bounce.

On the downside, immediate support is seen near 146,000. A sustained close below 146,000 would confirm fresh bearish momentum and expose 144,500 and 143,000, extending the multi-week corrective decline from the May highs. The 145,424 structural level visible on the chart represents the near-term reference below, and sellers retain the dominant near-term position as long as price holds below 148,000 on a closing basis.

 

Short term Research Report Call

Buy Above: 148,000 | Targets: 149,500, 151,000 | Stop-loss: 146,500

Sell Below: 146,000 | Targets: 144,500, 143,000 | Stop-loss: 147,500

 

 

Short term - Technical Outlook

Natural Gas futures are currently trading near 298, showing mild negative momentum with a red candle as price pulls back from the recent 312 highs following the latest swing attempt within the broad oscillating range. The ascending trendline from mid-June continues to provide structural support beneath current price, and the pullback to the 296–300 zone reflects a routine retest of the trendline support rather than a structural breakdown, with the broader price sequence continuing to respect the trendline on a closing basis.

The short-term bias is cautious, with price having failed to close above the 305 resistance band on the recent rally attempt and the pattern of lower highs from the June 5 peak remaining intact. A decisive close above 305 would signal renewed upside momentum and open the path toward 307 and 309, extending the recovery from the mid-June lows. Until that reclaim is confirmed on a closing basis, the structure favours patient observation rather than aggressive directional positioning.

On the downside, a sustained close below 296 would confirm a breakdown of the ascending trendline support and invite corrective pressure toward 294 and 292, with the broader 288–290 demand base acting as the significant medium-term reference in that scenario. Buyers need to defend 296 on a closing basis to maintain the cautious near-term structure.

 

Short term Research Report Call

Buy Above: 305 | Targets: 307, 309 | Stop-loss: 303

Sell Below: 296 | Targets: 294, 292 | Stop-loss: 298

 

 

Short term - Technical Outlook

Silver Futures are currently trading near 225,260, showing mild negative momentum with a small red candle as price continues to extend the multi-week corrective decline from the May highs near 300,000. The descending trendline on the chart reflects persistent seller dominance, with each attempted recovery over recent weeks being met with renewed selling, and the current session approaching fresh multi-month lows near the 223,500–225,000 demand zone without any clear signs of meaningful buyer defence.

The short-term bias is bearish, with price trading below the 230,500 resistance band and the descending trendline continuing to cap recovery attempts. The 230,500 level now acts as the key near-term barrier, and a decisive close above it would be the minimum requirement to begin challenging the prevailing bearish structure and signal any meaningful recovery. Until that level is reclaimed convincingly on a closing basis, any bounce toward resistance is likely to attract fresh selling.

On the downside, immediate support is seen near 223,500. A sustained close below 223,500 would confirm the continuation of the bearish decline and expose 221,000 and 218,500, extending the move from the May highs into increasingly distressed territory. The 221,168 level visible on the chart acts as the next structural reference in that scenario, and sellers maintain the decisive near-term advantage.

 

Short term Research Report Call

Buy Above: 230,500 | Targets: 233,000, 235,500 | Stop-loss: 228,000

Sell Below: 223,500 | Targets: 221,000, 218,500 | Stop-loss: 226,000