Daily Commodity Reports

Short term - Technical Outlook

Crude Oil futures are currently trading near 7,120, showing a mild negative candle after opening at 7,154 and easing below the opening level. The prior sessions delivered a sharp and sustained collapse from the 7,830 zone toward the current 7,075–7,200 demand area, with large red candles dominating the recent price structure and breaking through multiple support levels. The current candle reflects continued bearish pressure near the lower end of the recent decline, with buyers yet to mount any meaningful recovery from the lows.

The broader structure is firmly bearish following the sustained breakdown, with price now trading near the critical 7,075–7,200 support zone. The overhead resistance at 7,200–7,300 has been established by the prior breakdown candles and is expected to cap any recovery attempt. A sustained close above 7,300 would be the first signal of a meaningful short-term recovery and invite upside toward 7,345 and higher, while a break below 7,075 would confirm continuation of the bearish impulse toward 7,030 and the 7,000 psychological level.

On the downside, immediate support lies near 7,075–7,000, followed by deeper structural demand below. A clear break below 7,075 would confirm continuation of the bearish trend and invite extension toward 7,030 and lower, though the proximity to the support zone and the extended nature of the recent decline may generate brief stabilization near current levels.

 

Short term Research Report Call

Buy Above: 7,300 | Targets: 7,345, 7,390 | Stop-loss: 7,255

Sell Below: 7,075 | Targets: 7,030, 6,985 | Stop-loss: 7,120

 

 

Short term - Technical Outlook

Gold futures are currently trading near 148,650, showing a marginally negative candle after opening at 148,640 and holding within a tight range near the session high of 148,700. The prior session delivered an exceptionally powerful green candle that surged from the 145,200 zone all the way to the highs near 149,000, reclaiming multiple resistance levels in a single aggressive move and representing a dramatic shift in the near-term structural bias. The current candle reflects consolidation just below the key overhead resistance at 149,210–150,060 following the prior session's sharp surge, with buyers maintaining their foothold above the 148,090 support level.

The broader structure has shifted decisively bullish following the prior session's breakout candle, with price reclaiming the 148,090 zone and approaching the significant resistance at 149,210–150,060. The magnitude and velocity of the prior session's move reflects strong underlying buyer conviction, and the current consolidation near 148,650 is consistent with a healthy pause before the next directional move. A sustained close above 150,060 would confirm the bullish breakout and open the path toward 151,560 and higher, while a reversal and break below 148,090 would signal the prior session's move was excessive and invite corrective pressure toward 146,590 and lower.

On the downside, immediate support lies near 148,090–147,450, followed by deeper structural demand at 145,090. A clear break below 148,090 would invite corrective pressure toward 146,590 and lower, though the prior session's powerful green candle and current consolidation above 148,090 firmly suggest buyers remain in control of the short-term directional bias.

 

Short term Research Report Call

Buy Above: 150,060 | Targets: 151,560, 153,060 | Stop-loss: 148,560

Sell Below: 148,090 | Targets: 146,590, 145,090 | Stop-loss: 149,590

 

 

Short term - Technical Outlook

Natural Gas futures are currently trading near 256.8, showing a mild positive candle after opening at 254.3 and edging toward the session high of 257.1. The price has been in a choppy consolidation near the 254–262 zone over the recent sessions, with the ascending trendline visible on the chart providing dynamic support from below and the 262.2 overhead resistance capping recovery attempts. The current green candle reflects a bounce from the trendline support, with price attempting to stabilize above the 254.2 level following the prior session's test of the lower boundary.

The broader structure remains bearish following the sharp breakdown from higher levels, with price continuing to trade well below the key overhead resistance at 258.5–262. However, the ascending trendline from the recent lows has been providing intermittent support and generating short-term bounces. A sustained close above 262 would signal the trendline support is holding and invite a more meaningful corrective recovery, while a breakdown below the trendline and 252 would confirm the bearish trend has resumed with full force toward 250 and lower.

On the downside, immediate support lies near 254.2–252.1, followed by deeper structural demand below 250. A clear break below 252 would signal the trendline has failed and invite extension toward 250 and lower, though the current green candle and trendline proximity suggest buyers are making a short-term defense of the 254–257 zone.

 

Short term Research Report Call

Buy Above: 262 | Targets: 264, 266 | Stop-loss: 260

Sell Below: 252 | Targets: 250, 248 | Stop-loss: 254

 

 

Short term - Technical Outlook

Silver Futures are currently trading near 227,590, showing a mild negative candle after opening at 228,085 and easing from the session high of 228,100. The prior session delivered a sharp and powerful green candle that surged from the 224,670 zone to the highs near 228,700, reclaiming multiple resistance levels in a single move and representing a significant structural shift in the short-term bias. The current candle reflects a brief pause and minor consolidation following the sharp prior session recovery, with price holding within the 226,430–229,070 zone and buyers maintaining control above the key support.

The broader structure has shifted meaningfully bullish in the near term following the prior session's sharp green candle breakout, with price reclaiming the 226,430 zone and pushing above the descending trendline that had capped recovery attempts in prior sessions. The overhead resistance at 229,070–230,870 is the next meaningful supply zone to watch. A sustained close above 230,870 would confirm the bullish breakout and open the path toward 233,370 and higher, while a reversal and break below 226,430 would signal the recovery candle was a false breakout and invite renewed selling pressure toward 223,930 and lower.

On the downside, immediate support lies near 226,430–224,670, followed by deeper structural demand at 218,180. A clear break below 226,430 would invite corrective pressure toward 223,930 and lower, though the strength of the prior session's green candle and the current candle's hold above 226,430 suggest buyers remain in control of the short-term structure.

 

Short term Research Report Call

Buy Above: 230,870 | Targets: 233,370, 235,870 | Stop-loss: 228,370

Sell Below: 226,430 | Targets: 223,930, 221,430 | Stop-loss: 228,930