Short term - Technical Outlook

Crude Oil futures are currently trading near 8,704, showing mild negative momentum with a small red candle following yesterday's sharp recovery from the 8,310 lows. The prior session's strong green candle established a meaningful base and reflected buyer conviction near multi-week support, and the current mild pullback appears to be a healthy consolidation of that sharp advance rather than a fresh leg of selling pressure.

The short-term bias is cautiously bullish following the decisive bounce from the 8,310–8,380 support zone. The 8,805 level now acts as the near-term trigger for continuation, and a decisive close above 8,805 would confirm that buyers are regaining control and open the path toward 8,850 and 8,895. The long-term ascending trendline from early April continues to underpin the broader structure, and the recent sharp recovery from trendline support reinforces the buy-on-dips thesis as long as 8,610 holds.

On the downside, immediate support is seen near 8,610. A sustained close below 8,610 would signal that the recovery attempt has stalled and invite a retest of the 8,565 and 8,520 levels, casting doubt on the near-term bullish setup. Until then, the structure continues to favour buyers on any dip toward the 8,610–8,640 zone.

 

Short term Research Report Call

Buy Above: 8,805 | Targets: 8,850, 8,895 | Stop-loss: 8,760

Sell Below: 8,610 | Targets: 8,565, 8,520 | Stop-loss: 8,655

Short term - Technical Outlook

Gold futures are currently trading near 159,574, showing a sharp and prominent green candle following an explosive recovery from the 153,500 lows recorded in the prior session. The session reflects strong and broad-based buyer aggression, with price surging decisively through multiple prior resistance levels in a single candle, suggesting a significant shift in near-term sentiment and the potential exhaustion of the recent corrective decline from the May highs.

The short-term bias is cautiously bullish following the sharp reversal candle, though the velocity of the move warrants a degree of caution regarding immediate follow-through. The 160,000 level now acts as the near-term trigger above, and a decisive close above 160,000 would confirm that buyers have regained control and open the path toward 161,500 and 163,000. The prior resistance band at 158,723–159,000 will serve as the first reference on any near-term consolidation, and the ability of price to hold above this zone will be important in validating the bullish reversal.

On the downside, immediate support is seen near 158,000. A sustained close below 158,000 would suggest the sharp recovery was a relief bounce rather than a sustained reversal and invite corrective pressure back toward 156,500 and 155,000, with the prior lows near 153,500 acting as the deeper structural reference in that scenario.

Short term Research Report Call

Buy Above: 160,000 | Targets: 161,500, 163,000 | Stop-loss: 158,500

Sell Below: 158,000 | Targets: 156,500, 155,000 | Stop-loss: 159,500

 

 

Short term - Technical Outlook

Silver Futures are currently trading near 266,893, showing a small positive candle with marginal recovery after finding support near the 263,000–265,000 demand zone over the prior sessions. The price has been oscillating in a compressed range between 263,000 and 270,000 over recent sessions, reflecting indecision and an absence of directional conviction following the sustained decline from the May peak near 282,000.

The short-term bias is cautious, with price consolidating within the 265,000–270,000 band and neither buyers nor sellers demonstrating sufficient momentum to drive a sustained directional move. The 270,000 level now acts as the key near-term resistance, and a decisive close above it would signal emerging bullish momentum and open the path toward 272,500 and 275,000. The horizontal support band at 263,000–265,000 continues to act as the floor of the current range and is the level buyers must defend to prevent a deeper corrective extension.

On the downside, a sustained close below 265,000 would confirm a breakdown from the current consolidation range and invite fresh bearish pressure toward 262,500 and 260,000, extending the decline from the May highs. Until a clear directional break occurs, the structure favours patience over positional commitment.

 

Short term Research Report Call

Buy Above: 270,000 | Targets: 272,500, 275,000 | Stop-loss: 267,500

Sell Below: 265,000 | Targets: 262,500, 260,000 | Stop-loss: 267,500