Short term - Technical Outlook

Crude Oil futures are currently trading near 6,820, showing a flat to mildly negative candle after opening at 6,827 with the session holding a narrow range. The price had surged sharply from the lows near 6,540 recorded in late June toward the 7,200–7,300 zone in early July, but has since retraced significantly and is now consolidating between 6,771 and 6,902, reflecting a pullback from the recovery highs. The current candle indicates indecision near the lower boundary of this consolidation zone, with neither buyers nor sellers showing decisive conviction at the open.

The broader structure reflects a sharp recovery from deeply oversold levels, but the inability to sustain above 7,095 and the subsequent multi-session decline signals that the recovery impulse has exhausted near-term buying interest. Price is now trading within a compression zone between 6,771 and 6,902, and the direction of the breakout from this range will determine the next meaningful move. A sustained close below 6,771 would invite renewed downside pressure toward 6,616–6,540, while the 6,771 zone continues to act as a near-term pivot.

On the upside, immediate resistance lies near 6,902, followed by stronger supply at 7,095. A sustained breakout and close above 7,095 would revive the bullish recovery structure and open the path toward higher extension levels, though the current consolidation and declining momentum suggest sellers retain the short-term edge unless buyers defend the 6,771 support decisively.

 

Short term Research Report Call

Buy Above: 7,095 | Targets: 7,140, 7,185 | Stop-loss: 7,050

Sell Below: 6,770 | Targets: 6,725, 6,680 | Stop-loss: 6,815

 

 

 

Short term - Technical Outlook

Gold futures are currently trading near 143,480, showing mild bearish pressure with a small red candle after opening at 143,724 and failing to hold above the opening level. The price has declined steadily from the recent high near 148,000 recorded in early July, with consecutive red candles confirming seller dominance and the absence of any meaningful corrective bounce. The current candle reflects continued pressure near the lower end of the recent range, with the session low of 143,400 testing the proximity of key structural support.

The broader structure remains bearish on the higher timeframe, with price having broken below the prior support zone around 144,489–145,600 and now consolidating at lower levels. The sequence of lower highs from the July 2 peak near 148,000 is well-defined, and each recovery attempt has been met with renewed selling. The current zone around 143,000–143,900 is a critical support band — a sustained close below 142,500 would open the path toward 141,000 and lower structural demand levels. The overall momentum and candle sequence strongly favours sellers in the near term.

On the upside, immediate resistance lies near 144,489, followed by stronger supply at 145,600. A sustained close above 143,500 with follow-through would be the first signal of short-term stabilization, though a meaningful reversal would require a clear reclaim of 144,500 and above to shift the prevailing bearish bias.

 

Short term Research Report Call

Buy Above: 143,500 | Targets: 145,000, 146,500 | Stop-loss: 142,000

Sell Below: 142,500 | Targets: 141,000, 139,500 | Stop-loss: 144,000

 

 

Short term - Technical Outlook

Natural Gas futures are currently trading near 279.9, showing a modest green candle after holding above the session low of 276.3. The price has crashed sharply from the 305–312 zone over the past three sessions, with a prominent red candle on July 10 breaking through multiple support levels in a single session and driving prices to multi-week lows. The current candle reflects tentative stabilization near the lower support zone following the aggressive decline, though the recovery remains shallow and unconvincing relative to the preceding fall.

The broader structure has turned decisively bearish following the breakdown from the symmetrical compression pattern that had held through late June and early July. The sharp breakdown candle has invalidated the prior ascending trendline support, and price is now trading below all near-term reference levels in a bearish continuation context. The current zone around 277–280 is acting as a short-term base, but any recovery attempt is likely to face strong resistance at 284–285 given the residual selling pressure from the breakdown. A sustained close below 277 would confirm continuation of downside momentum toward 275 or lower.

On the upside, immediate resistance lies near 281–285, followed by stronger supply at 290–293. A sustained recovery and close above 285 would be required to begin neutralising the current bearish structure and invite meaningful corrective interest, though sellers remain firmly in control of the short-term directional bias at present.

 

Short term Research Report Call

Buy Above: 285 | Targets: 287, 289 | Stop-loss: 283

Sell Below: 277 | Targets: 275, 273 | Stop-loss: 279

 

 

Short term - Technical Outlook

Silver Futures are currently trading near 222,680, showing mild bearish pressure with a small red candle after opening at 223,234 and failing to sustain upside momentum. The price has been in a steady decline from the recent peak near 238,000 recorded in early July, with a series of lower highs and lower lows confirming sustained seller dominance over the past week. The current candle reflects continued weakness near the lower end of the recent range, with buyers unable to generate meaningful follow-through above the 223,000–225,000 zone.

The broader structure remains bearish on the higher timeframe, having broken down from the 228,000–230,000 resistance zone that had acted as a ceiling during the early July consolidation. Price is now trading in proximity to the structural support zone at 221,000–222,700, which has provided intermittent demand in prior sessions. A decisive breakdown below 221,000 would confirm renewed bearish momentum and accelerate downside toward 218,500 or lower extension levels, while the overhead resistance cluster between 225,000 and 228,500 continues to cap recovery attempts.

On the upside, immediate resistance lies near 225,182, followed by stronger supply at 228,433. A sustained close above 228,500 would be required to shift the short-term bias and invite fresh buying interest, though the prevailing structure and price action continues to strongly favour sellers on any rally at present.

 

Short term Research Report Call

Buy Above: 228,500 | Targets: 231,000, 233,500 | Stop-loss: 226,000

Sell Below: 221,000 | Targets: 218,500, 216,000 | Stop-loss: 223,500