Daily Commodity Reports

Short term - Technical Outlook

Crude Oil futures are currently trading near 7,800, showing a strong positive candle after opening at 7,742 and surging toward the session high of 7,820. The prior sessions saw a sharp recovery from the lows near 7,110, with an ascending trendline providing dynamic support and a sequence of green candles driving price through the 7,560–7,665 resistance zone and into the current level near 7,820. The current candle confirms continued buyer momentum and a decisive reclaiming of the overhead resistance, with price now trading above all short-term moving averages.

The broader structure has improved meaningfully from the recent lows, with the ascending trendline anchoring the recovery and price establishing a clear higher low structure. The reclaiming of the 7,665–7,900 zone is a significant structural development, and the current candle's strong performance reflects genuine buyer conviction. A sustained close above 8,000 would confirm a full recovery of the prior breakdown and open the path toward 8,045 and higher, while the 7,665 zone now represents the key downside support that buyers must defend to maintain the current bullish recovery structure.

On the downside, immediate support lies near 7,665–7,565, followed by stronger structural demand at 7,320. A pullback toward 7,665 would be consistent with a healthy retest of the prior resistance-turned-support and would likely attract fresh buyers, while a breakdown below 7,665 would invite corrective pressure toward 7,620 and lower, though the dominant recovery momentum and ascending trendline firmly favour buyers on any dip while price holds above key support.

 

Short term Research Report Call

Buy Above: 8,000 | Targets: 8,045, 8,090 | Stop-loss: 7,955

Sell Below: 7,665 | Targets: 7,620, 7,575 | Stop-loss: 7,710

 

 

Short term - Technical Outlook

Gold futures are currently trading near 154,878, showing a mild negative candle after opening at 155,460 and easing from the session high of 155,516. The prior sessions delivered an exceptional bullish rally from the 144,000 zone, with price climbing steadily through multiple resistance levels and reaching the highs near 155,516 before the current session's slight pullback. The RSI at 76 signals overbought conditions on the short-term timeframe, and the current candle's negative tilt reflects early profit-taking or consolidation near the 155,615–156,376 overhead resistance band following the extended rally.

The broader structure remains firmly and convincingly bullish, with all moving averages stacked well below current price and the sustained green candle dominance confirming strong underlying buyer conviction throughout the rally. However, the elevated RSI near 76–80 suggests the rally may require a brief pause or shallow pullback before the next leg higher. The 154,215–153,381 zone represents the immediate downside reference, and a sustained hold above 154,220 would preserve the bullish structure for continuation toward 156,380 and higher upon resolution.

On the downside, immediate support lies near 154,215–153,381, followed by stronger structural demand at 152,286. A clear break below 154,220 would invite a short-term corrective move toward 152,720 and lower, though the dominant bullish structure and the sustained rally from the lows firmly suggest buyers will look to defend any dip toward the 154,000–154,220 zone as a buying opportunity.

 

Short term Research Report Call

Buy Above: 156,380 | Targets: 157,880, 159,380 | Stop-loss: 154,880

Sell Below: 154,220 | Targets: 152,720, 151,220 | Stop-loss: 155,720

 

 

Short term - Technical Outlook

Natural Gas futures are currently trading near 256.8, showing a mild positive candle after opening at 254.3 and edging toward the session high of 257.1. The price has been in a choppy consolidation near the 254–262 zone over the recent sessions, with the ascending trendline visible on the chart providing dynamic support from below and the 262.2 overhead resistance capping recovery attempts. The current green candle reflects a bounce from the trendline support, with price attempting to stabilize above the 254.2 level following the prior session's test of the lower boundary.

The broader structure remains bearish following the sharp breakdown from higher levels, with price continuing to trade well below the key overhead resistance at 258.5–262. However, the ascending trendline from the recent lows has been providing intermittent support and generating short-term bounces. A sustained close above 262 would signal the trendline support is holding and invite a more meaningful corrective recovery, while a breakdown below the trendline and 252 would confirm the bearish trend has resumed with full force toward 250 and lower.

On the downside, immediate support lies near 254.2–252.1, followed by deeper structural demand below 250. A clear break below 252 would signal the trendline has failed and invite extension toward 250 and lower, though the current green candle and trendline proximity suggest buyers are making a short-term defense of the 254–257 zone.

 

Short term Research Report Call

Buy Above: 262 | Targets: 264, 266 | Stop-loss: 260

Sell Below: 252 | Targets: 250, 248 | Stop-loss: 254

 

 

Short term - Technical Outlook

Silver Futures are currently trading near 237,800, showing a mild negative candle after opening at 238,749 and easing from the session high of 238,950. The prior sessions delivered a powerful recovery from the 215,260 lows, with price surging through multiple resistance levels and reaching the highs near 240,720 before sellers re-emerged near the 240,239–241,652 overhead resistance band. The current candle reflects a brief consolidation following the sharp run-up, with price retreating slightly from the highs but holding above the 236,854 support zone. RSI at 64 confirms the bullish momentum remains intact though approaching moderately elevated levels.

The broader structure is firmly bullish, with all moving averages positioned well below current price and the recovery from the lows representing a significant structural shift. The 236,854–238,580 zone now represents the immediate support band, and a sustained close above 241,650 would confirm a fresh breakout above the prior resistance and open the path toward 244,150 and higher. The current pullback from the highs is consistent with healthy consolidation within the uptrend rather than a reversal signal.

On the downside, immediate support lies near 236,854–234,700, followed by stronger structural demand at 230,430. A clear break below 236,850 would invite corrective pressure toward 234,350 and lower, though the bullish structure and RSI positioning firmly favour buyers on any dip while price holds above the 236,854 support zone.

 

Short term Research Report Call

Buy Above: 241,650 | Targets: 244,150, 246,650 | Stop-loss: 239,150

Sell Below: 236,850 | Targets: 234,350, 231,850 | Stop-loss: 239,350