Short term - Technical Outlook

Crude Oil futures are currently trading near 8,310, showing a small green candle with tentative stabilisation after the sharp multi-session decline from the 9,100 highs. The price is attempting to base near the 8,234–8,310 zone, with the current candle reflecting early signs of buying interest emerging at structurally significant levels as the long-term ascending trendline from early April converges with current price action.

The short-term bias is cautiously bullish, with price testing the long-term ascending trendline support and the candle structure suggesting that seller momentum may be fading near current levels. A decisive close above 8,380 would be the initial confirmation of recovery intent and open the path toward 8,425 and 8,470, validating the trendline support and inviting fresh buying. The broader long-term structure continues to support a buy-on-dips approach as long as the ascending trendline holds.

On the downside, immediate support is seen near 8,240. A sustained close below 8,240 would negate the cautiously bullish setup and confirm a trendline breakdown, inviting deeper corrective pressure toward 8,195 and 8,150 and shifting the near-term bias firmly back to sellers. The 8,240 level is therefore the critical reference for bulls to defend in the sessions ahead.

 

Short term Research Report Call

Buy Above: 8,380 | Targets: 8,425, 8,470 | Stop-loss: 8,335

Sell Below: 8,240 | Targets: 8,195, 8,150 | Stop-loss: 8,285

 

 

Short term - Technical Outlook

Gold futures are currently trading near 156,000, showing continued mild negative pressure with a small red candle as price consolidates near the lower end of the recent corrective range following the sustained breakdown from the 159,500–160,000 zone. The prior ascending trendline from early May has been clearly violated, and price is now trading beneath it, confirming a shift in the short-term structure from bullish to bearish as sellers maintain control near current levels.

The broader short-term structure has turned bearish, with price having broken below the 157,000–158,000 support band and the sequence of lower highs persisting from the mid-May high near 161,000. The 157,000 level now acts as the key resistance above, and a decisive close above 157,000 would be required to begin neutralising the current bearish momentum and signal a potential recovery toward 158,500. Until that occurs, any bounce is likely to be met with fresh selling near resistance.

On the downside, immediate support is seen near 155,500. A sustained close below 155,500 would confirm the next leg of the bearish phase and invite corrective pressure toward 154,000 and 152,500, with the 153,961 horizontal level visible on the chart acting as a structural reference in that range. The bearish bias remains intact as long as price holds below 157,000 on a closing basis.

 

Short term Research Report Call

Buy Above: 157,000 | Targets: 158,500, 160,000 | Stop-loss: 155,500

Sell Below: 155,500 | Targets: 154,000, 152,500 | Stop-loss: 157,000

 

 

Short term - Technical Outlook

Natural Gas futures are currently trading near 316, showing a small positive candle with mild upside momentum as price consolidates just below the 319–320 resistance area following the sharp spike from the 288 base. The candle character reflects measured buying interest rather than aggressive follow-through, with the price holding constructively above the prior breakout zone and the broader bullish structure from the late May base remaining intact.

The short-term bias is cautiously bullish, with price sustaining above the 311 support after the powerful vertical advance and the ascending trendline from late May continuing to slope upward beneath current levels. The 319–320 band is the immediate supply zone requiring a decisive close above it to confirm continuation toward 322 and 324. Until that breakout is confirmed, the price is likely to consolidate in the 311–320 range as the market digests the sharp recent advance.

On the downside, immediate support is seen near 301. A sustained close below 301 would signal a deeper unwind of the recent spike and invite corrective pressure toward 299 and 297, shifting the near-term momentum away from the cautiously bullish setup. Buyers need to maintain price above 311 on a closing basis to keep the recovery structure credible.

 

Short term Research Report Call

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

Sell Below: 301 | Targets: 299, 297 | Stop-loss: 303

 

 

Short term - Technical Outlook

Silver Futures are currently trading near 267,000, showing a small red candle with mild negative momentum as price continues to trade below the 270,000–271,500 resistance band following the breakdown from the May highs near 282,000. The candle structure reflects continued seller dominance near current levels, with buyers failing to generate sustained recovery momentum despite multiple attempts to stabilise over the past week.

The broader structure has turned bearish on the short-term timeframe, with price having broken and sustained below the prior ascending trendline and the dominant sequence of lower highs and lower lows from the May peak intact. The 270,000 level now acts as the key resistance above, and a decisive close above 270,000 would be required to signal any meaningful shift in near-term momentum. Until that occurs, the structure continues to favour sellers on any recovery attempt toward that zone.

On the downside, immediate support is seen near 265,500. A sustained close below 265,500 would confirm the continuation of the bearish phase and open the path toward 263,000 and 260,500, extending the decline from the May highs. The 261,000–262,000 structural support zone would be the next significant demand area for price to test in that scenario.

 

Short term Research Report Call

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

Sell Below: 265,500 | Targets: 263,000, 260,500 | Stop-loss: 268,000