Short term - Technical Outlook

Crude Oil futures are currently trading near 8,768, showing continued sharp corrective pullback with a prominent red candle after failing to sustain above the recent highs near 8,851–9,218. The price has respected the long-term ascending trendline connecting higher lows from the strong demand base near 7,229–8,122 but broke below short-term consolidation levels around 8,900, preserving the overall bullish structure on higher timeframe despite today’s rejection and increased volatility.

The broader structure remains bullish on the higher timeframe, trading within the ascending channel after the decisive breakout above 8,409–8,658. The current zone around 8,768–8,658 displays strong selling pressure and higher volatility after the sharp move, reflecting short-term exhaustion or profit booking near the upper part of the recent rally. A sustained close above 9,218 could confirm renewed bullish momentum and target 9,579 or higher extension levels within the channel.

On the downside, immediate support lies near 8,658–8,409 (recent swing lows and trendline confluence), followed by stronger structural support at 8,122. A breakdown below 8,658 may invite deeper corrective pressure toward 8,409–8,122 levels, though the dominant uptrend strongly favors buyers on dips unless sustained rejection persists.

Short term Research Report Call

Buy Above: 9218 | Targets: 9579, 9800 | Stop-loss: 8658

Sell Below: 8658 | Targets: 8409, 8122 | Stop-loss: 8768

Short term - Technical Outlook

Gold futures are currently trading near 147,907, showing mild recovery with a small green candle after the sharp red candle decline in the previous session. Price continues to respect the descending trendline connecting lower highs from the peak near 158,000, maintaining a short-term bearish structure with consistent seller pressure despite the minor bounce and reduced volatility near current levels.

The broader structure remains bearish on the higher timeframe, having broken and stayed below the previous support-turned-resistance zone around 151,880–157,060. The current consolidation near 147,500–148,000 shows small-bodied candles and lower volatility, indicating hesitation after the aggressive sell-off. A sustained close above 151,880 could signal short-term relief and invite a corrective bounce, though momentum strongly favours continuation lower at present while the descending trendline holds.

On the downside, immediate support lies near 145,227–144,468 (recent swing lows and trendline confluence), followed by stronger structural demand if breakdown occurs. A clear break below 145,227 would confirm renewed bearish momentum and invite deeper corrective pressure toward lower extensions aligned with the downward trendline.

Short term Research Report Call

Buy Above: 151880 | Targets: 157060, 158000 | Stop-loss: 145227

Sell Below: 145227 | Targets: 144468, 141789 | Stop-loss: 147907

Short term - Technical Outlook

Natural Gas futures are currently trading near 290.8, showing bearish pressure with a red candle after failing to sustain above 293.0. The price has formed a clear lower high and is testing the ascending trendline support, confirming short-term seller aggression following the rejection from the 294.9–302.7 supply zone.

The recent sessions have shifted the short-term bias to cautious-to-bearish, validating the pullback and consolidation after the rally toward 304.0. The sustained weakness below 294.9 has been accompanied by red candle dominance and reduced buyer follow-through. A sustained close below 287.4 could accelerate downside momentum toward 279.3 or lower extension levels.

On the upside, immediate resistance now lies near 294.9, followed by stronger supply at 302.7–304.0. A breakout above 294.9 would be required to invalidate the current bearish shift and invite a corrective bounce, though momentum strongly favours sellers on any rally at present.

Short term Research Report Call

Buy Above: 295 | Targets: 303, 308 | Stop-loss: 290

Sell Below: 287 | Targets: 279, 275 | Stop-loss: 290

Short term - Technical Outlook

Silver Futures are currently trading near 243,445, showing strong recovery with a prominent green candle (+2.83%) after holding above the recent lows near 238,400. Price continues to respect the overhead descending trendline connecting lower highs from the peak near 267,283, maintaining a short-term bearish bias with consistent seller dominance despite the strong bounce and green candle testing the lower channel boundary.

The broader structure remains bearish-biased on the higher timeframe, trading below the descending trendline after the sustained breakdown from higher levels. The current zone around 243,445–246,244 displays strong buying pressure and higher volatility after the sharp move, reflecting short-term relief buying near the lower part of the recent decline. A decisive breakout and sustained close above 250,951 could signal short-term relief and trigger fresh upside momentum toward 259,806 or higher, though momentum strongly favours sellers unless clear reversal occurs.

On the downside, immediate support lies at 238,400–233,636 (recent swing lows and trendline confluence), followed by stronger structural demand if breakdown occurs. A clear break below 233,636 would confirm renewed bearish momentum and invite deeper corrective pressure toward lower extensions aligned with the downward trendline.

Short term Research Report Call

Buy Above: 250951 | Targets: 259806, 267283 | Stop-loss: 238400

Sell Below: 233636 | Targets: 225962, 220000 | Stop-loss: 243445