Short term - Technical Outlook

Crude Oil futures are showing sharp bearish pressure following the prior session's aggressive red candle that broke below the 8,512 support zone and closed near 7,821, representing a significant structural breakdown from the recent rally highs. The prior session's candle erased multiple sessions of gains in a single move, closing at the lower boundary of the 7,821 support zone with a long red body confirming heavy seller conviction. Price has now fully retraced below the ascending trendline that had supported the rally from the 7,660 lows, signalling that the bullish impulse has been invalidated in the near term.

The broader structure has shifted from bullish to cautiously bearish following the prior session's trendline breakdown. The 8,088–8,250 zone now represents the primary overhead resistance on any recovery attempt, while the 7,821–7,701 band is the immediate support area that buyers must defend to prevent further extension lower. The magnitude of the prior session's decline and the trendline breach suggest that the short-term bullish structure has been negated, and any recovery toward 8,088–8,250 is likely to attract fresh selling.

On the upside, immediate resistance lies near 8,088–8,250, followed by stronger supply at 8,512. A sustained close above 8,250 would signal the prior session's decline was a false breakdown and invite recovery toward 8,295 and higher, though the trendline breakdown and the scale of the red candle firmly favour sellers on any near-term bounce.

 

Short term Research Report Call

Buy Above: 8,250 | Targets: 8,295, 8,340 | Stop-loss: 8,205

Sell Below: 7,820 | Targets: 7,775, 7,730 | Stop-loss: 7,865

 

 

Short term - Technical Outlook

Gold futures are showing bearish pressure following the prior session's sharp red candle that broke below the 143,550 level and closed near 142,160, erasing the gains of the preceding recovery session. The prior session's candle represents a decisive rejection from the 144,080–144,200 resistance zone, with the close near 142,160 placing price back within the lower band of the multi-session range. The structure now reflects seller dominance near the key overhead resistance and questions the sustainability of any near-term recovery attempt.

The broader structure remains range-bound between the 142,160 lows and 145,900 highs, with the prior session's sharp red candle reinforcing the significance of the 143,550–144,080 overhead resistance. Price is now resting near the 142,620 support zone, and the ability to hold this level and close above 144,080 will determine whether the bullish case remains viable. A sustained close above 144,080 would signal renewed buyer conviction and open the path toward 145,580 and higher, while a break below 142,620 would expose the 141,120 demand zone and risk further downside.

On the downside, immediate support lies near 142,620–142,160, followed by deeper structural demand at 141,120. A clear break below 142,620 would confirm the bearish bias has reasserted itself and invite extension toward 141,120 and lower, though buyers have shown willingness to defend the 142,000–142,620 zone in recent sessions.

 

Short term Research Report Call

Buy Above: 144,080 | Targets: 145,580, 147,080 | Stop-loss: 142,580

Sell Below: 142,620 | Targets: 141,120, 139,620 | Stop-loss: 143,120

 

 

Short term - Technical Outlook

Silver Futures are showing bearish pressure following the prior session's sharp red candle that pulled price back from the 225,000 zone toward the 221,500–222,300 area. The prior session delivered a prominent red candle closing near 221,500 after failing to sustain above the 225,000–225,480 resistance band, with the decline confirming that sellers remain active and the overhead supply at 222,280–223,400 is capping any meaningful recovery. Price closed the prior session near the 221,109 support zone, making this level the critical near-term pivot.

The broader structure remains volatile and indecisive, with price oscillating between the 217,080 lows and the 225,480 highs across recent sessions without establishing a sustained directional trend. The prior session's rejection from the upper resistance reinforces the bearish overhead pressure, and a close below 221,109 in the near term would expose the 219,020 support and risk a deeper move toward 216,520. A sustained close above 223,400 would be required to signal renewed buyer momentum and invite continuation toward 225,900.

On the downside, immediate support lies near 219,020–217,330, followed by deeper structural demand at 215,000. A clear break below 219,020 would confirm renewed bearish momentum and invite extension toward 216,520 and lower, though the 219,000–221,000 zone has provided intermittent demand in prior sessions.

 

Short term Research Report Call

Buy Above: 223,400 | Targets: 225,900, 228,400 | Stop-loss: 220,900

Sell Below: 219,020 | Targets: 216,520, 214,020 | Stop-loss: 221,520