Short term - Technical Outlook

Crude Oil futures closed yesterday near 6,628, showing a small positive candle after the prior session's fresh multi-month lows near 6,570. The tentative green candle reflects early signs of buyer interest emerging near the 6,554–6,628 demand zone following the extraordinary and sustained corrective decline from the 8,400–8,800 range recorded through May. However, the recovery candle is small and lacks sufficient conviction to signal a definitive base formation at this stage.

The short-term bias remains bearish, with price continuing to trade well below the 6,900 resistance band and the sequence of lower highs from the June peak firmly intact. A decisive close above 6,900 would be the minimum requirement to signal any meaningful near-term stabilisation and invite buying toward 6,945 and 6,990, but the weight of the prior decline continues to impose significant overhead supply at every resistance level. Until 6,900 is reclaimed convincingly on a closing basis, any bounce from current levels should be treated with caution.

On the downside, immediate support is seen near 6,555. A sustained close below 6,555 would confirm the resumption of the bearish phase and open the path toward 6,510 and 6,465, extending the multi-week corrective decline further into fresh lows. Sellers retain the decisive structural advantage until a meaningful and sustained recovery above 6,900 is confirmed.

 

Short term Research Report Call

Buy Above: 6,900 | Targets: 6,945, 6,990 | Stop-loss: 6,855

Sell Below: 6,555 | Targets: 6,510, 6,465 | Stop-loss: 6,600

 

 

Short term - Technical Outlook

Gold futures closed yesterday near 143,700, showing a small green candle following the recent test of the 141,000–142,000 demand zone. The tentative recovery from the lows reflects early buyer interest at structurally significant levels, though the broader corrective decline from the May highs near 162,000 remains firmly intact, with the descending trendline continuing to impose overhead pressure on any recovery attempt and the prior support levels having transitioned to resistance.

The short-term bias is bearish, with price trading below the 145,500 resistance band and the descending trendline from the May peak maintaining its dominant structural influence. A decisive close above 145,500 would signal the beginning of a meaningful recovery and open the path toward 147,000 and 148,500, validating the tentative buyer interest near the recent lows. Until that level is reclaimed convincingly on a closing basis, the structure continues to favour sellers on every intraday bounce.

On the downside, immediate support is seen near 143,500. A sustained close below 143,500 would confirm renewed bearish pressure and invite a retest of 142,000 and 140,500, extending the corrective decline from the May highs and re-approaching the multi-month lows. Sellers retain the structural advantage as long as price holds below 145,500 on a closing basis, and buyers need to demonstrate sustained and decisive follow-through to reverse the prevailing downtrend.

 

Short term Research Report Call

Buy Above: 145,500 | Targets: 147,000, 148,500 | Stop-loss: 144,000

Sell Below: 143,500 | Targets: 142,000, 140,500 | Stop-loss: 145,000

 

 

Short term - Technical Outlook

Natural Gas futures closed yesterday near 303, showing a small positive candle as price continues to consolidate above the ascending trendline that has been in place since the mid-June lows near 289. The current consolidation near the 306–312 zone reflects buyers holding above the trendline on a closing basis, with the broader recovery from the June lows intact and the ascending structure continuing to provide a meaningful structural anchor beneath price.

The short-term bias is cautiously bullish, with the ascending trendline from mid-June supporting the price base and the recent sequence of higher lows reinforcing the recovery structure. The 320 level now acts as the key near-term trigger, and a decisive close above it would confirm a fresh leg of bullish momentum and open the path toward 322 and 324, targeting the upper boundary of the recent range. The ascending trendline and the 312 support are the two key structural references that buyers need to maintain for the cautiously bullish bias to remain credible.

On the downside, a sustained close below 312 would confirm a breakdown from the ascending trendline and invite corrective pressure toward 310 and 308, with the broader 288–290 demand base acting as the significant medium-term reference if the corrective phase extends further. Buyers need to defend 312 on a closing basis to preserve the near-term recovery structure.

 

Short term Research Report Call

Buy Above: 320 | Targets: 322, 324 | Stop-loss: 318

Sell Below: 312 | Targets: 310, 308 | Stop-loss: 314

 

 

Short term - Technical Outlook

Silver Futures closed yesterday near 223,000, showing a marginal positive candle following the sharp decline to multi-month lows near 210,000 earlier in the week. While the partial recovery from those lows reflects tentative buyer re-engagement, the broader context remains firmly bearish — price has declined from the May highs near 300,000 by nearly 90,000 points in a matter of weeks, and the descending trendline from the May peak continues to press price lower on any recovery attempt.

The short-term bias remains bearish, with price trading below the 227,500 resistance band and the descending trendline maintaining consistent overhead pressure. A decisive close above 227,500 would signal an emerging shift in near-term momentum and open the path toward 230,000 and 232,500, beginning a meaningful retracement of the sharp recent decline. Until that level is reclaimed convincingly on a closing basis, the structure continues to favour sellers on any bounce toward resistance.

On the downside, immediate support is seen near 220,000. A sustained close below 220,000 would confirm a resumption of the bearish phase and expose 217,500 and 215,000, re-approaching the recent multi-month lows. The 217,731 structural reference visible on the chart acts as the broader support in that scenario, and sellers retain the near-term structural advantage as long as price holds below 227,500 on a closing basis.

 

Short term Research Report Call

Buy Above: 227,500 | Targets: 230,000, 232,500 | Stop-loss: 225,000

Sell Below: 220,000 | Targets: 217,500, 215,000 | Stop-loss: 222,500