Short term - Technical Outlook

Crude Oil futures are currently trading near 8,927, showing strong bullish momentum with a prominent green candle following a sharp recovery from the recent lows near 8,610. The session reflects a decisive buyer-driven advance, with price reclaiming multiple prior support levels in a single candle and the overall character suggesting that the corrective phase from the 9,250 highs may be finding a base near current structural support levels.

The short-term bias is cautiously bullish following the strong recovery candle, with price now approaching the 9,018–9,020 resistance zone. A decisive close above 9,020 would confirm that buyers have regained near-term control and open the path toward 9,065 and 9,110, continuing the recovery from the recent multi-session lows. The long-term ascending trendline from early April remains intact below current price and continues to underpin the broader bullish structure, reinforcing the buy-on-dips approach.

On the downside, immediate support is seen near 8,815. A sustained close below 8,815 would signal a failure of the current recovery attempt and invite renewed corrective pressure toward 8,770 and 8,725, suggesting that the bounce from recent lows was temporary rather than structural. Until then, the session's candle character continues to favour buyers on any intraday consolidation.

Short term Research Report Call

Buy Above: 9,020 | Targets: 9,065, 9,110 | Stop-loss: 8,975

Sell Below: 8,815 | Targets: 8,770, 8,725 | Stop-loss: 8,860

 

 

Short term - Technical Outlook

Gold futures are currently trading near 154,096, showing continued bearish pressure with a red candle following the sharp vertical decline from the 157,800 zone recorded in the prior session. The prior session's prominent red candle represented a sharp rejection from the 157,500–158,000 resistance area, and the current session reflects ongoing seller control as price consolidates near the lower end of the recent decline without generating meaningful recovery momentum.

The short-term bias is bearish, with price having broken below the prior 155,000–155,500 support band and now trading in the 153,500–155,000 range. The 154,500 level now acts as the immediate resistance above, and a decisive close above it would be required to begin challenging the current bearish structure and signal a potential recovery toward 156,000 and 157,500. The sequence of lower highs from the mid-May peak near 162,000 remains intact and continues to suppress any recovery attempt.

On the downside, immediate support is seen near 153,500. A sustained close below 153,500 would confirm the next leg of bearish pressure and open the path toward 152,000 and 150,500, extending the decline from the May highs significantly. The 152,505 horizontal level visible on the chart acts as the broader structural reference in that scenario, and sellers maintain the clear near-term advantage as long as price holds below 154,500 on a closing basis.

 

Short term Research Report Call

Buy Above: 154,500 | Targets: 156,000, 157,500 | Stop-loss: 153,000

Sell Below: 153,500 | Targets: 152,000, 150,500 | Stop-loss: 155,000

 

 

Short term - Technical Outlook

Silver Futures are currently trading near 243,430, showing continued bearish pressure following the sharp and prominent red candle from the prior session that broke decisively below the 262,000–265,000 support zone. The magnitude of the recent decline is significant, with price having shed nearly 20,000 points from the 263,000 range in a short span of sessions, reflecting broad-based seller aggression and the absence of meaningful demand at prior support levels.

The short-term bias is firmly bearish, with price having broken below multiple support levels and now consolidating near the 241,000–244,000 area. The 251,000 level now acts as the key resistance above, and a decisive close above it would be the minimum requirement to begin neutralising the current bearish momentum and signal any meaningful recovery attempt. Until that level is reclaimed on a closing basis, any bounce is likely to be viewed as a selling opportunity.

On the downside, immediate support is seen near 241,000. A sustained close below 241,000 would confirm the continuation of the sharp bearish phase and expose 238,500 and 236,000, with the broader structural demand base near 237,000 acting as the next significant reference in that scenario. The current candle structure and recent velocity of decline continue to firmly favour sellers.

 

Short term Research Report Call

Buy Above: 251,000 | Targets: 253,500, 256,000 | Stop-loss: 248,500

Sell Below: 241,000 | Targets: 238,500, 236,000 | Stop-loss: 243,500