Daily Commodity Reports

Short term - Technical Outlook

Crude Oil futures closed near 8,535, ending with a dominant green candle as price surged sharply from the 8,344 zone toward the 8,558 highs in a powerful single-session advance. The session reflects decisive buyer aggression, with the candle cutting through multiple resistance levels and pushing price well above all four EMAs (8,137/8,045/7,951/7,908).

Price is now approaching the 8,640 resistance level, with the sharp advance establishing a clear breakaway from the prior 8,000-8,350 consolidation range. A sustained close above 8,640 would confirm the breakout and invite continuation toward 8,690-8,740. The distance from the EMA cluster below confirms strong underlying momentum.

On the downside, a close below 8,445 would undermine the advance and invite corrective pressure toward 8,395-8,345. The overall short-term bias is bullish, with the sharp breakout candle and EMA alignment firmly supporting buyers as long as 8,445 holds on a closing basis.

 

Short term Research Report Call

Buy Above: 8,640 | Targets: 8,690, 8,740 | Stop-loss: 8,590

Sell Below: 8,445 | Targets: 8,395, 8,345 | Stop-loss: 8,495

 

 

Short term - Technical Outlook

Natural Gas futures closed near 278, ending with a green candle as price held near the upper end of the recent 274-280 consolidation range. The session reflects continued buyer control, with price trading above all four EMAs (275/271/271/275) and maintaining its position near the recent recovery highs.

Price is consolidating just below the 280 resistance level, with the broader recovery structure from the 266 lows remaining intact. A sustained close above 280 would confirm the breakout and invite continuation toward 282-284. The sequence of higher lows since the 266 base supports the directional move.

On the downside, a close below 275 would interrupt the rally and invite corrective pressure toward 273-271. The overall short-term bias is cautiously bullish, with the EMA alignment supporting buyers as long as 275 holds on a closing basis.

 

Short term Research Report Call

Buy Above: 280 | Targets: 282, 284 | Stop-loss: 278

Sell Below: 275 | Targets: 273, 271 | Stop-loss: 277

 

 

Short term - Technical Outlook

Silver futures closed near 235,200, ending with a red candle as price continued the decline from the 245,000 highs toward the 235,000 support zone. The session reflects sustained selling pressure, with price now trading below the 20 EMA (239,800) and 50 EMA (239,000) and approaching the 100/200 EMA cluster near 235,500-235,200.

Price is testing the 233,500-235,500 support band, with the declining structure from the recent highs keeping sellers in control. A sustained close above 238,500 would signal recovery from the decline and invite continuation toward 240,500-242,500. Until then, the pattern of lower highs from the peak keeps rallies vulnerable near the 238,500-240,000 resistance zone.

On the downside, a close below 233,500 would confirm renewed bearish pressure and invite extension toward 231,500-229,500. The overall short-term bias remains bearish, with price below the key short-term EMAs and the declining structure favouring sellers unless 238,500 is reclaimed on a closing basis.

 

Short term Research Report Call

Buy Above: 238,500 | Targets: 240,500, 242,500 | Stop-loss: 236,500

Sell Below: 233,500 | Targets: 231,500, 229,500 | Stop-loss: 235,500