Short term - Technical Outlook

Crude Oil futures are currently trading near 8,720, showing mild negative momentum with a red candle following the sharp corrective decline that has taken price from the 9,250 highs down to the current 8,700–8,800 consolidation zone. The session reflects continued seller dominance, with buyers unable to sustain any meaningful recovery above the 8,837 resistance band despite multiple intraday attempts over recent sessions, and the broader structure displaying a clear pattern of lower highs from the early June peak.

The short-term bias is bearish, with price firmly below the key 8,835 resistance level and the sequence of lower highs from the June peak intact. A decisive close above 8,835 would be needed to signal a meaningful shift in near-term momentum and invite fresh buying toward 8,880 and 8,925, but until that reclaim is confirmed on a closing basis, the structure continues to favour sellers on any intraday bounce toward resistance. The long-term ascending trendline from early April continues to provide broader structural context from below.

On the downside, immediate support is seen near 8,660. A sustained close below 8,660 would confirm the next leg of the corrective decline and open the path toward 8,615 and 8,570, with the key structural demand zone near 8,379–8,400 acting as the broader medium-term reference in that scenario. Sellers retain the near-term advantage until 8,835 is reclaimed convincingly.

 

Short term Research Report Call

Buy Above: 8,835 | Targets: 8,880, 8,925 | Stop-loss: 8,790

Sell Below: 8,660 | Targets: 8,615, 8,570 | Stop-loss: 8,705

 

 

Short term - Technical Outlook

Gold futures are currently trading near 154,830, showing a flat to marginally positive session as price consolidates near the lower end of the recent range following the sharp decline from the 158,000 zone over the prior sessions. The current candle reflects a pause in the corrective move, with the price finding tentative stability near the 154,500–155,000 area after the aggressive multi-session sell-off, and early signs of buyer interest emerging at these structurally significant demand levels.

The short-term bias is cautiously bullish, with price attempting to base near the 154,310–154,621 support cluster and the current candle reflecting reduced selling pressure relative to the aggressive prior sessions. The 155,500 level now acts as the key near-term recovery trigger, and a decisive close above it would confirm emerging bullish intent and open the path toward 157,000 and 158,500, beginning to retrace the sharp recent decline. The ability of buyers to hold current levels on a closing basis will be the key near-term test for the cautiously bullish setup.

On the downside, immediate support is seen near 154,500. A sustained close below 154,500 would negate the cautiously bullish bias and invite further corrective pressure toward 153,000 and 151,500, extending the decline from the May highs and suggesting that the base formation attempt has failed. As long as 154,500 holds on a closing basis, the near-term structure continues to favour patient buyers.

 

Short term Research Report Call

Buy Above: 155,500 | Targets: 157,000, 158,500 | Stop-loss: 154,000

Sell Below: 154,500 | Targets: 153,000, 151,500 | Stop-loss: 156,000

 

 

 

Short term - Technical Outlook

Silver Futures are currently trading near 244,980, showing a near-flat session with a marginal red candle as price attempts to stabilise following the sharp and aggressive decline from the 265,000–268,000 zone over the past two sessions. The prior session's prominent red candle marked a decisive breakdown through multiple support levels, and the current session's tentative stabilisation near the 244,000–245,000 zone suggests that buyers are beginning to defend the lower boundary of the recent sharp decline at these structurally significant demand levels.

The short-term bias is cautiously bullish at current levels, with the sharp decline appearing to be reaching an exhaustion point near the 243,000–245,000 demand zone. The 249,500 level now acts as the immediate recovery trigger, and a decisive close above it would confirm that buyers have absorbed the recent selling and invite a recovery toward 252,000 and 254,500. The scale of the recent decline and the positioning near multi-week demand levels provides a structural basis for a potential relief bounce, though confirmation on a closing basis is required before the bullish bias can be considered validated.

On the downside, immediate support is seen near 245,000. A sustained close below 245,000 would indicate that the selling pressure has not been absorbed and invite further corrective pressure toward 242,500 and 240,000, extending the sharp decline. Buyers need to defend the 245,000 level on a closing basis to preserve the cautiously bullish near-term setup.

 

Short term Research Report Call

Buy Above: 249,500 | Targets: 252,000, 254,500 | Stop-loss: 247,000

Sell Below: 245,000 | Targets: 242,500, 240,000 | Stop-loss: 247,500\