Short term - Technical Outlook

Crude Oil futures are currently trading near 7,578, showing a marginally positive candle after opening at 7,559 with limited early movement. The price staged a sharp and powerful rally from the 6,540 lows in late June to the 7,829 zone on July 14, representing a significant recovery driven by strong buying momentum and elevated volume. However, yesterday's candle showed a sharp intraday rejection from the highs near 7,829, closing well off the peak and signaling that sellers emerged aggressively at the upper resistance zone, leaving a bearish tail on the daily structure.

The broader structure remains bullish on the higher timeframe given the strong recovery from 6,540, but the short-term picture has turned cautious following yesterday's sharp rejection from the overhead resistance. The current trading near 7,578 reflects a pullback from the highs, with price testing the intermediate support zone. A sustained hold above 7,495 and a recovery close above 7,651 would preserve the bullish structure and invite another attempt toward the 7,829 zone and beyond. Conversely, a breakdown below 7,495 would invite corrective pressure toward 7,369 or lower.

On the upside, immediate resistance lies near 7,651, followed by the recent swing high supply zone at 7,829. A sustained close above 7,830 would confirm a breakout and signal continuation of the bullish trend toward 7,875 and higher extension levels, though the short-term momentum has moderated following yesterday's rejection and buyers will need to demonstrate renewed conviction to sustain the upside.

 

Short term Research Report Call

Buy Above: 7,830 | Targets: 7,875, 7,920 | Stop-loss: 7,785

Sell Below: 7,500 | Targets: 7,455, 7,410 | Stop-loss: 7,545

 

 

Short term - Technical Outlook

Gold futures are currently trading near 142,418, showing mild bearish pressure with a small red candle after opening at 142,714 and failing to sustain above the opening level. The price has been consolidating within a compressed range between 141,000 and 143,900 over the past several sessions, with the current candle reflecting continued indecision near the lower end of this band. Yesterday's green candle had offered hope of stabilization, but the early bearish tilt today suggests sellers remain active near the overhead resistance zone.

The broader structure continues to reflect a bearish bias on the higher timeframe, with price trading well below the key resistance cluster around 146,000–148,000 and the sequence of lower highs from the early July peak near 148,000 remaining intact. The current consolidation between 140,270 and 143,900 is a critical inflection zone — a sustained close above 144,000 would signal the beginning of a meaningful recovery phase and open the path toward 145,500 and higher, while failure to hold 141,855 would expose the 140,270 structural demand level and risk a deeper extension lower.

On the upside, immediate resistance lies near 143,150–143,863, followed by stronger supply at 146,518. A clear breakout and sustained close above 144,000 is the minimum required to shift the near-term bias toward recovery, though the prevailing candle structure and momentum continue to favour sellers on any strength at present.

 

Short term Research Report Call

Buy Above: 144,000 | Targets: 145,500, 147,000 | Stop-loss: 142,500

Sell Below: 142,000 | Targets: 140,500, 139,000 | Stop-loss: 143,500

 

 

 

Short term - Technical Outlook

Natural Gas futures are currently trading near 279.9, showing a mild positive candle after opening at 278.1 and edging higher toward the session high of 280.8. The price has been consolidating tightly in the 276–281 range since the sharp breakdown on July 10, which drove prices from the 305–310 zone down to a low of 273.8 within a single session. The current candle reflects tentative stabilization and short-term buyer interest near the lower boundary of the post-breakdown range, though the recovery remains shallow relative to the scale of the preceding fall.

The broader structure has turned decisively bearish following the breakdown from the multi-week compression range. The sharp red candle that pierced through multiple support levels on July 10 has established a new bearish regime, and price has not been able to mount a meaningful recovery since. The current consolidation near 277–280 is being closely watched — a sustained close above 285 would be the first signal of a meaningful corrective bounce, while continued rejection below 281.7 maintains the path of least resistance to the downside. Volume during the breakdown was elevated, reinforcing the significance of the move.

On the upside, immediate resistance lies near 281.7–284.9, followed by stronger supply at 290–293. A sustained close above 285 would invite a corrective recovery toward 287–289, though the broader structure and price positioning continue to firmly favour sellers on any intraday strength at present.

 

Short term Research Report Call

Buy Above: 285 | Targets: 287, 289 | Stop-loss: 283

Sell Below: 278 | Targets: 276, 274 | Stop-loss: 280

 

 

Short term - Technical Outlook

Silver Futures are currently trading near 223,320, showing mild bearish pressure with a small red candle after opening at 224,347 and pulling back from the session high. The price has been attempting a recovery from the multi-week lows near 218,215 recorded last week, with yesterday's green candle providing a brief lift toward the 224,000–225,000 zone. However, the early weakness today signals that the recovery lacks conviction and sellers remain positioned near the overhead resistance band.

The broader structure remains bearish, having declined sharply from the early July high near 238,000 and now trading in a compressed zone between 218,000 and 225,000. The overhead resistance at 225,182–228,433 has consistently rejected recovery attempts, and each bounce has been met with renewed selling pressure. A sustained close above 228,500 would be the first meaningful signal of trend reversal, while continued trade below 223,000 keeps the bearish pressure intact. The lower boundary near 218,215 remains the key level where structural demand has previously emerged.

On the downside, immediate support lies near 220,897–222,703, followed by deeper structural demand at 218,215. A clear break below 221,000 would confirm continuation of the bearish trend and invite downside extension toward 218,500 and lower, though buyers have shown some capacity to defend the 220,000–221,000 zone in recent sessions.

 

Short term Research Report Call

Buy Above: 228,500 | Targets: 231,000, 233,500 | Stop-loss: 226,000

Sell Below: 221,000 | Targets: 218,500, 216,000 | Stop-loss: 223,500