Short Term – Technical Outlook

Crude Oil futures are currently trading near 10,020, showing mild consolidation with a small red candle holding just above the key 10,000 psychological level following the strong multi-session recovery from the corrective lows near 8,500. The price continues to sustain within the broader bullish recovery structure and the ascending trendline continues to provide powerful dynamic support well below current levels, with buyer participation firmly established and momentum favouring continued upside.

The broader structure remains firmly bullish, with the price holding above the 10,000 structural level and buyers consistently defending dips with conviction. The current consolidation near 10,000–10,050 reflects natural digestion ahead of a potential breakout above the immediate resistance band near 10,115, with momentum continuing to favour the upside. A sustained trade above 10,115 would confirm the continuation of the bullish advance and invite upside momentum toward 10,165 and 10,215, extending the recovery toward the prior highs near 10,800.

On the downside, immediate support lies near 9,915, followed by stronger structural demand near 9,805. A breakdown below 9,915 would delay the advance and invite a corrective retracement, though the dominant near-term bias firmly favours buyers on dips as long as price holds above the key 10,000 structural zone.

 

Short Term Research Report Call

Buy Above: 10,115 | Targets: 10,165, 10,215 | Stop-loss: 10,065

Sell Below: 9,915 | Targets: 9,865, 9,815 | Stop-loss: 9,965

 

 

Short Term – Technical Outlook

Gold futures are currently trading near 159,136, showing a flat green candle consolidating within the 158,500–159,500 zone following the pullback from the sharp advance highs near 162,500. Despite today's tentative stabilisation, the price continues to face consistent overhead resistance near 161,000 and has been unable to reclaim meaningful structural levels since the sharp rejection, with sellers asserting control at elevated levels and the near-term structure reflecting a bearish tone despite the ascending trendline far below providing the broader structural support.

The broader near-term bias remains bearish, with the price retreating from the overhead supply band and the corrective phase from the highs showing persistent selling pressure. The current zone near 158,500–159,500 represents a critical near-term juncture, with the price at risk of further downside if buyers fail to defend current structural support. A sustained trade below 158,000 would confirm renewed bearish momentum and invite downside pressure toward 156,500 and 155,000.

On the upside, a decisive breakout and sustained close above 161,000 would be required to neutralise the current bearish tone and invite a renewed bullish attempt, though the prevailing structure firmly favours sellers near resistance unless a clear and sustained close above the overhead supply band materialises.

 

Short Term Research Report Call

Buy Above: 161,000 | Targets: 162,500, 164,000 | Stop-loss: 159,500

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

 

 

Short Term – Technical Outlook

Natural Gas futures are currently trading near 300, showing a constructive green candle holding firmly above the key 299 structural support following the strong and sustained recovery from the multi-week lows near 262. The price has broken decisively above the key 300 psychological level and is approaching the immediate resistance band near 303.5, with buyer conviction well established and the ascending trendline continuing to provide strong dynamic support confirming the dominant bullish trend.

The broader structure remains firmly bullish, with the price printing consistent higher highs and higher lows from the corrective base and the recovery trend continuing to define the dominant near-term direction. The current zone near 299–301 reflects steady buyer control and building upside momentum. A sustained trade above 303.5 would confirm the next leg of the bullish advance and invite upside momentum toward 305.5 and 307.5, extending the rally toward the significant 307 overhead supply zone.

On the downside, immediate support lies near 299, followed by stronger structural demand near 294.5. A breakdown below 299 would delay the advance and signal a corrective phase, though the prevailing bullish structure strongly favours buyers on dips as long as price holds above the ascending trendline support.

 

Short Term Research Report Call

Buy Above: 303.5 | Targets: 305.5, 307.5 | Stop-loss: 301.5

Sell Below: 299 | Targets: 297, 295 | Stop-loss: 301

 

 

Short Term – Technical Outlook

Silver Futures are currently trading near 270,370, showing a mild green candle attempting to stabilise near the ascending trendline support following the sustained multi-session decline from the highs near 304,000. Despite today's minor bounce, the price continues to trade well below the significant overhead resistance bands and remains unable to reclaim meaningful structural levels, with sellers firmly asserting control on each attempted recovery and the near-term structure reflecting a bearish bias following the aggressive rejection from elevated highs.

The broader near-term bias remains bearish, with the price printing consistent lower highs from the 304,000 peak and the ongoing corrective phase showing limited signs of genuine reversal. The current zone near 269,000–271,500 represents a critical near-term juncture with the ascending trendline nearby, and a failure to hold this level would confirm deeper corrective intent. A decisive breakdown below 265,500 would confirm renewed bearish momentum and invite corrective extension toward 263,500 and 261,500.

On the upside, a sustained breakout above 274,000 would be required to neutralise the near-term bearish bias and invite a short-term relief bounce, though the prevailing structure firmly favours sellers unless a decisive and sustained close above the overhead supply zone occurs.

 

Short Term Research Report Call

Buy Above: 274,000 | Targets: 276,000, 278,000 | Stop-loss: 272,000

Sell Below: 265,500 | Targets: 263,500, 261,500 | Stop-loss: 267,500