Short term - Technical Outlook

Crude Oil futures are currently trading near 7,142, showing continued volatility with a small green candle following the sharp and aggressive decline from the 7,500 zone recorded in the prior sessions. The magnitude of the recent breakdown is substantial, with price shedding a significant portion of its value in a compressed timeframe, reflecting an extraordinary surge in selling pressure and a sharp dislocation from the prior trading range observed through most of May and early June.

The short-term bias is cautiously bearish, with price attempting to stabilise near current levels following the violent decline but remaining well below the 7,226–7,292 resistance band. A decisive close above 7,226 would be the minimum requirement to begin signalling any meaningful stabilisation and invite a recovery toward 7,260 and 7,290. Given the scale and speed of the recent breakdown, any recovery attempt is likely to face significant supply, and confirmation on a closing basis is essential before the bearish structure can be considered neutralised.

On the downside, immediate support is seen near 7,090. A sustained close below 7,090 would confirm continuation of the sharp bearish phase and expose 7,045 and 7,000, extending the extraordinary decline further. Given the scale of recent volatility, risk management around this instrument warrants particular caution at present.

 

Short term Research Report Call

Buy Above: 7,290 | Targets: 7,335, 7,380 | Stop-loss: 7,245

Sell Below: 7,090 | Targets: 7,045, 7,000 | Stop-loss: 7,135

 

 

Short term - Technical Outlook

Gold futures are currently trading near 152,700, showing mild negative momentum with a small red candle as price consolidates within the 150,000–155,000 range that has prevailed since the recovery from the early June lows near 147,000. The candle structure reflects indecision near current levels, with the broader sequence of lower highs from the mid-May peak near 162,000 continuing to cap recovery attempts and keep the market in a choppy, range-bound state.

The short-term bias is cautious, with price oscillating between the 151,000 support and the 154,796–155,000 resistance band without a clear directional resolution. A decisive close above 155,000 would be required to signal renewed bullish momentum and open the path toward 156,500 and 158,000, breaking out of the current consolidation range. Until that breakout occurs on a closing basis, the structure favours range-bound trading over directional conviction.

On the downside, a sustained close below 151,000 would confirm a breakdown from the current range and invite corrective pressure toward 149,500 and 148,000, re-exposing the early June lows. The market's recent volatility on both sides of the range suggests caution is warranted until a clear breakout in either direction is confirmed.

 

Short term Research Report Call

Buy Above: 155,000 | Targets: 156,500, 158,000 | Stop-loss: 153,500

Sell Below: 151,000 | Targets: 149,500, 148,000 | Stop-loss: 152,500

 

 

Short term - Technical Outlook

Natural Gas futures are currently trading near 299, showing a near-flat session with a small red candle as price consolidates following the recovery from the recent dip near 292 and the subsequent push toward the 308–312 zone. The candle structure reflects indecision near current levels, with the ascending trendline from late May continuing to provide structural support beneath price and the broader range between 292 and 312 persisting as the dominant near-term framework.

The short-term bias is cautious, with price holding above the ascending trendline but unable to sustain meaningful follow-through above the 303–308 resistance band. The 308 level now acts as the immediate trigger for renewed upside momentum, and a decisive close above it would open the path toward 310 and 312, extending the recovery from the mid-month lows. Until that breakout is confirmed on a closing basis, price is likely to continue oscillating within the established range.

On the downside, a sustained close below 297 would confirm a fresh leg of corrective pressure and open the path toward 295 and 293, bringing the ascending trendline into sharper focus as the key structural support. Buyers need to defend 297 on a closing basis to keep the recovery structure intact.

 

Short term Research Report Call

Buy Above: 308 | Targets: 310, 312 | Stop-loss: 306

Sell Below: 297 | Targets: 295, 293 | Stop-loss: 299

 

 

Short term - Technical Outlook

Silver Futures are currently trading near 246,996, showing mild negative pressure with a small red candle as price pulls back after the recovery rally from the multi-week lows near 232,000. The strong bounce over recent sessions reflects renewed buyer conviction at structurally significant demand levels, and the current pullback appears to be a natural consolidation of that sharp recovery rather than a resumption of the prior corrective decline from the May highs near 300,000.

The short-term bias is cautiously bullish, with price having recovered meaningfully from the 232,000 lows and now consolidating just below the 249,111–252,018 resistance band. A decisive close above 252,000 would confirm continuation of the recovery and open the path toward 254,500 and 257,000, extending the retracement of the sharp May–June decline. The strength of the bounce from the lows lends credibility to the recovery, though sustained closes above the resistance band are needed to validate further upside.

On the downside, immediate support is seen near 243,000. A sustained close below 243,000 would suggest the recovery is stalling and invite renewed corrective pressure toward 240,500 and 238,000, re-exposing the prior lows. Buyers need to defend 243,000 on a closing basis to keep the cautiously bullish recovery structure intact.

 

Short term Research Report Call

Buy Above: 252,000 | Targets: 254,500, 257,000 | Stop-loss: 249,500

Sell Below: 243,000 | Targets: 240,500, 238,000 | Stop-loss: 245,500

 

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