Short term - Technical Outlook

Crude Oil futures are currently trading near 7,280, showing mild positive momentum with a small green candle as price continues to consolidate and attempt a base formation near the 7,095–7,280 zone following the extraordinary multi-session collapse from the prior 8,400–8,800 range. The current session reflects tentative buyer interest returning after the sharp decline, with successive green candles over recent sessions suggesting that the worst of the selling pressure may be abating near current structural demand levels.

The short-term bias is cautiously bullish, with the price stabilising above the key 7,095 support after the sharp capitulation and the emerging sequence of modest recovery candles from the lows providing the first signs of base formation. A decisive close above 7,600 would be the key confirmation of a meaningful recovery and open the path toward 7,645 and 7,690, signalling that buyers have begun to regain control following the historic decline. Until that level is reclaimed convincingly, the recovery remains nascent and should be approached with appropriate caution.

On the downside, immediate support is seen near 7,095. A sustained close below 7,095 would confirm that the selling pressure has resumed and invite fresh corrective pressure toward 7,050 and 7,005, undermining the cautiously bullish setup and suggesting that the attempted base formation has failed. Buyers need to defend 7,095 decisively to keep the near-term recovery structure intact.

 

Short term Research Report Call

Buy Above: 7,600 | Targets: 7,645, 7,690 | Stop-loss: 7,555

Sell Below: 7,095 | Targets: 7,050, 7,005 | Stop-loss: 7,14

 

Short term - Technical Outlook

Gold futures are currently trading near 147,239, showing a marginal positive candle with the price attempting to stabilise near the 146,500–147,500 zone following the sustained corrective decline from the mid-May highs near 162,000. The current session reflects indecision at a structurally significant level, with small-bodied candles over recent sessions suggesting that the aggressive selling phase may be losing momentum near current demand levels as the market digests the extended multi-week decline.

The short-term bias is cautious, with price consolidating in the 146,500–148,500 range and neither buyers nor sellers demonstrating sufficient conviction for a decisive directional move. The 148,500 level now acts as the immediate resistance trigger, and a decisive close above it would signal that buyers are beginning to assert control and open the path toward 150,000 and 151,500, beginning a potential recovery from the extended decline. The prior support zone near 148,000–150,000 will likely function as overhead resistance on any recovery, requiring sustained buyer pressure to penetrate.

On the downside, a sustained close below 146,000 would confirm renewed bearish pressure and expose 144,500 and 143,000, extending the decline from the May highs into fresh multi-month lows. As long as 146,000 holds on a closing basis, the cautious near-term structure continues to favour patience over directional commitment in either direction.

 

Short term Research Report Call

Buy Above: 148,500 | Targets: 150,000, 151,500 | Stop-loss: 147,000

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

 

 

Short term - Technical Outlook

Natural Gas futures are currently trading near 302, showing mild negative pressure with a small red candle following the recovery from the mid-June lows near 289. The broader price structure has shown a pattern of sharp swings between the 289–324 range over recent weeks, and the current session reflects consolidation near the ascending trendline from mid-June that continues to provide structural support beneath price as buyers attempt to maintain the recovery footing.

The short-term bias is cautiously bullish, with the ascending trendline from the June lows continuing to slope upward and price holding constructively above the 298–300 support zone. The 308 level now acts as the near-term trigger for confirmation of bullish intent, and a decisive close above it would open the path toward 310 and 312, continuing the recovery from the mid-month lows. The pattern of higher lows forming on the ascending trendline since June 15 supports the cautiously bullish lean as long as 298 holds on a closing basis.

On the downside, a sustained close below 298 would negate the cautiously bullish setup and invite corrective pressure toward 296 and 294, with the ascending trendline coming under direct test in that scenario. Buyers need to defend 298 on a closing basis to preserve the recovery structure and the near-term bullish bias.

 

Short term Research Report Call

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

Sell Below: 298 | Targets: 296, 294 | Stop-loss: 300

 

 

Short term - Technical Outlook

Silver Futures are currently trading near 232,870, showing a near-flat session with a marginal positive candle as price continues to consolidate near multi-week lows following the sustained decline from the May highs near 300,000. The current session reflects tentative stabilisation near the 231,500–233,000 demand zone, with small-bodied candles over recent sessions reflecting indecision after the aggressive and extended corrective phase from the May highs.

The short-term bias is cautious, with price attempting to find a base near the 231,500–233,000 demand zone but lacking the bullish candle conviction needed to confirm a genuine reversal. The 237,000 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 239,500 and 242,000. Until that level is reclaimed convincingly on a closing basis, the broader downtrend structure from May continues to keep sellers in a position of structural advantage.

On the downside, a sustained close below 231,500 would confirm the failure of the current base attempt and invite renewed corrective pressure toward 229,000 and 226,500, extending the multi-month decline into fresh lows. Buyers need to defend 231,500 on a closing basis to prevent further deterioration in the near-term structure.

 

Short term Research Report Call

Buy Above: 237,000 | Targets: 239,500, 242,000 | Stop-loss: 234,500

Sell Below: 231,500 | Targets: 229,000, 226,500 | Stop-loss: 234,000