Short term - Technical Outlook

Crude Oil futures are currently trading near 6,551, showing mild bearish pressure with a small red candle after failing to sustain above the opening level of 6,595. The price has formed a lower high within the recent consolidation range and is trading beneath the intermediate resistance zone, confirming continued seller aggression following the sharp decline from the highs above 7,000 recorded in mid-June. The candle structure signals limited buyer conviction at current levels with the session trending toward its lower end.

The broader structure remains firmly bearish on the higher timeframe, with prices establishing a clear sequence of lower highs and lower lows since the peak near 7,050. The sustained trade below 6,636 has validated the breakdown, and the current consolidation between 6,521 and 6,600 reflects short-term stabilization rather than a trend reversal. A sustained close below 6,460 would confirm renewed downside momentum toward 6,415 or lower extension levels.

On the upside, immediate resistance lies near 6,636, followed by stronger supply at 6,762. A breakout and sustained close above 6,636 would be required to shift the short-term bias toward recovery and invite buying interest, though the prevailing momentum continues to favour sellers on any rally at present.

 

Short term Research Report Call

Buy Above: 6,760 | Targets: 6,805, 6,850 | Stop-loss: 6,715

Sell Below: 6,460 | Targets: 6,415, 6,370 | Stop-loss: 6,505

 

Short term - Technical Outlook

Gold futures are currently trading near 146,915, showing mild positive momentum with a small green candle after holding above the session low of 146,481. The price has recovered from the sharp decline that took prices toward 142,800 in late June and is now trading within the 146,000–148,000 consolidation band, with the candle indicating tentative buyer interest near the lower end of this range. The structure reflects a stabilization phase rather than a confirmed directional move.

The broader structure remains under pressure, trading below the descending trendline connecting lower highs from the peak above 150,000 in early June. The current zone around 146,500–147,500 displays reduced selling intensity after the aggressive decline, with price attempting to base near current support. A sustained close above 149,000 would signal meaningful recovery momentum and open the path toward 150,500 or higher, though the overarching structure continues to favour sellers while price trades beneath the descending trendline.

On the downside, immediate support lies near 145,980, followed by stronger structural demand at 145,177. A clear break below 146,000 would confirm renewed bearish pressure and risk a move toward 144,500–143,000, though the current green candle suggests short-term buyers are attempting to hold the zone.

 

Short term Research Report Call

Buy Above: 149,000 | Targets: 150,500, 152,000 | Stop-loss: 147,500

Sell Below: 146,000 | Targets: 144,500, 143,000 | Stop-loss: 147,500

 

Short term - Technical Outlook

Natural Gas futures are currently trading near 309.1, showing mild bearish pressure with a small red candle after failing to sustain above the opening level of 309.6. The price is trading within a symmetrical contracting structure visible on the 4-hour chart, with a descending resistance line pressing from above and an ascending support line providing a floor near current levels. The candle reflects indecision and contained volatility as price compresses ahead of a potential directional resolution.

The broader structure is consolidating after the sharp decline from highs near 324–325 recorded in early June. The current zone between 306 and 314 has seen alternating candles with no clear directional dominance, indicating a balancing phase. A sustained close below 306 would tip the structure in favour of bears and accelerate downside momentum toward 304 or lower extension levels, while the descending trendline continues to cap upside attempts.

On the upside, immediate resistance lies near 314, followed by stronger supply at 318. A breakout above 318 would be required to invalidate the current bearish structure and invite fresh bullish momentum, though sellers continue to dominate near the upper boundary of the compression zone at present.

 

Short term Research Report Call

Buy Above: 318 | Targets: 320, 322 | Stop-loss: 316

Sell Below: 306 | Targets: 304, 302 | Stop-loss: 308

 

Short term - Technical Outlook

Silver Futures are currently trading near 236,275, showing mild positive momentum with a small green candle after holding above the recent session lows near 235,282. The price has recovered sharply from the lows near 222,000 recorded in late June and is now consolidating within the 234,000–238,000 range, with the candle reflecting continued buyer interest near the lower end of the recent recovery zone. The overall structure, however, remains below the key overhead resistance, limiting the bullish case.

The broader structure reflects a sharp recovery from the late-June lows, with prices reclaiming ground above 232,000–234,000. The current consolidation near 235,000–237,000 displays reduced volatility after the aggressive bounce, with buyers maintaining a foothold above current support. A decisive breakout and sustained close above 242,500 would confirm continuation of the recovery toward 245,000 and higher extension levels, though the descending trendline from the May peak continues to weigh on the medium-term structure.

On the downside, immediate support lies near 234,827, followed by stronger structural demand at 232,146. A clear break below 235,000 would invite renewed selling pressure and risk a retest of the 232,500–230,000 zone, though buyers have shown willingness to defend dips in the current recovery phase.

 

Short term Research Report Call

Buy Above: 242,500 | Targets: 245,000, 247,500 | Stop-loss: 240,000

Sell Below: 235,000 | Targets: 232,500, 230,000 | Stop-loss: 237,500