Short term - Technical Outlook

Crude Oil futures are currently trading near 6,728, showing a mild positive candle as price attempts to stabilise within the 6,635–6,900 range following the extraordinary multi-week corrective decline from the 8,400–8,800 highs. The prior sessions have produced tentative signs of buyer interest near the 6,570–6,637 demand zone, and the current session reflects continued consolidation near current lows with neither buyers nor sellers generating decisive momentum in either direction.

The short-term bias remains bearish, with price continuing to trade below the 6,900 resistance band and the broader sequence of lower highs from the June peak firmly intact. A decisive close above 6,900 would signal the first meaningful near-term recovery attempt and invite buying toward 6,945 and 6,990, but the sustained inability of price to reclaim this level over multiple sessions confirms that sellers continue to dominate on any bounce. The 6,635 level now acts as the immediate structural support reference below current price.

On the downside, a sustained close below 6,635 would confirm the resumption of the bearish phase and open the path toward 6,590 and 6,545, extending the corrective decline and re-approaching the recent multi-month lows. Sellers retain the structural advantage until 6,900 is reclaimed convincingly on a closing basis.

 

Short term Research Report Call

Buy Above: 6,900 | Targets: 6,945, 6,990 | Stop-loss: 6,855

Sell Below: 6,635 | Targets: 6,590, 6,545 | Stop-loss: 6,680

 

 

Short term - Technical Outlook

Gold futures are currently trading near 142,413, showing a small negative candle with mild pressure as price consolidates near multi-month lows following the sustained corrective decline from the mid-May highs near 162,000. The descending trendline from the May peak continues to press price lower on each recovery attempt, and the current consolidation near the 141,500–144,500 zone reflects an absence of meaningful buyer conviction at structurally significant demand levels.

The short-term bias is bearish, with price trading below the 144,500 resistance band and the descending trendline maintaining consistent overhead pressure following the sharp multi-session decline. A decisive close above 144,500 would be required to begin challenging the prevailing bearish structure and signal any near-term recovery toward 146,000 and 147,500. Until that level is reclaimed convincingly, the pattern of failed recovery attempts and the dominant descending trendline continue to favour sellers on every intraday bounce.

On the downside, immediate support is seen near 141,500. A sustained close below 141,500 would confirm renewed bearish momentum and open the path toward 140,000 and 138,500, re-approaching and potentially extending beyond the recent multi-month lows. Sellers retain the dominant near-term position as long as price holds below 144,500 on a closing basis.

 

Short term Research Report Call

Buy Above: 144,500 | Targets: 146,000, 147,500 | Stop-loss: 143,000

Sell Below: 141,500 | Targets: 140,000, 138,500 | Stop-loss: 143,000

 

 

Short term - Technical Outlook

Natural Gas futures are currently trading near 303, showing a small positive candle with mild recovery momentum as price consolidates above the ascending trendline from mid-June that has provided consistent support through the recent oscillating price action. The current session reflects buyer interest near the trendline, with the broader 301–310 range continuing to act as the near-term battleground following the back-to-back spike-and-correct cycles seen through June.

The short-term bias is cautious, with price holding above the ascending trendline on a closing basis but failing to sustain above the 306–310 resistance band on recent attempts. The 310 level now acts as the key near-term resistance trigger, and a decisive close above it would signal renewed upside momentum and open the path toward 312 and 314, targeting the upper boundary of the June range. The ascending trendline continues to be the most significant structural reference, and the near-term bias favours patience until a clear directional break is confirmed.

On the downside, a sustained close below 301 would confirm a trendline breakdown and invite corrective pressure toward 299 and 297, with the broader 288–290 medium-term demand base acting as the significant structural reference in that scenario. Buyers need to defend 301 on a closing basis to preserve the cautious near-term structure.

 

Short term Research Report Call

Buy Above: 310 | Targets: 312, 314 | Stop-loss: 308

Sell Below: 301 | Targets: 299, 297 | Stop-loss: 303

 

 

Short term - Technical Outlook

Silver Futures are currently trading near 223,000, showing a small positive candle as price continues to attempt a base formation following the sharp corrective decline to the multi-month lows near 210,000 recorded earlier in June. The recent sessions have produced a series of small-bodied candles oscillating between 218,000 and 225,000, reflecting indecision and a tentative stabilisation after the aggressive sell-off rather than a clear directional recovery.

The short-term bias is cautious, with price attempting to consolidate above the 220,500 demand zone but lacking the bullish candle conviction needed to confirm a sustained reversal. The 228,500 level now acts as the key near-term resistance trigger, and a decisive close above it would signal emerging recovery momentum and open the path toward 231,000 and 233,500, beginning a meaningful retracement of the sharp June decline. Until that level is reclaimed convincingly on a closing basis, the descending trendline continues to maintain overhead pressure and the broader structure favours caution over directional commitment.

On the downside, a sustained close below 220,500 would signal a fresh breakdown from the current consolidation and invite renewed corrective pressure toward 218,000 and 215,500, re-approaching the prior multi-month lows. Buyers need to defend 220,500 on a closing basis to maintain the cautious near-term structure.

 

Short term Research Report Call

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

Sell Below: 220,500 | Targets: 218,000, 215,500 | Stop-loss: 223,000