Short term - Technical Outlook

Crude Oil futures are currently trading near 8960, showing sharp corrective pullback with a prominent red candle after failing to sustain above the recent highs near 9840. The price has respected the long-term ascending trendline connecting higher lows from the strong demand base near 7230–8415 but broke below short-term consolidation levels, preserving the overall bullish structure on higher timeframe despite today’s rejection and increased volatility.

The broader structure remains bullish on the higher timeframe, trading within the ascending channel after the decisive breakout above 8785–8975. The current zone around 8960–8415 displays strong selling pressure and higher volatility after the sharp move, reflecting short-term exhaustion or profit booking near the upper part of the recent rally. A sustained close above 9380 could confirm renewed bullish momentum and target 9840 or higher extension levels within the channel.

On the downside, immediate support lies near 8415–8708, followed by stronger structural support at lower levels. A breakdown below 8415 may invite deeper corrective pressure toward 8708 levels, though the dominant uptrend strongly favors buyers on dips unless sustained rejection persists.

Short term Research Report Call

Buy Above: 9380 | Targets: 9840, 10400 | Stop-loss: 8415

Sell Below: 8415 | Targets: 8708, 8000 | Stop-loss: 8960

Short term - Technical Outlook

Gold futures are currently trading near 152000, showing mild recovery with a small green candle after recent red candles and consolidation. Price continues to respect the ascending trendline connecting higher lows from the strong demand base near 138900, preserving the short-term bullish structure with renewed buyer aggression despite the minor intraday dip.

The broader structure remains bullish on the higher timeframe, trading within the ascending channel after the decisive breakout above 146000–148000. The current zone around 152000–153000 displays acceptance with reduced selling pressure and building strength after the pullback, reflecting buyer control near the upper part of the recent move. A decisive breakout and sustained close above 153500 could confirm renewed bullish momentum and target 155000 or higher extension levels within the channel.

On the downside, immediate support lies near 150000–149000, followed by stronger structural support at 146000. A breakdown below 150000 may invite short-term corrective pressure toward 149000–146000 levels, though the dominant uptrend strongly favors buyers on dips unless a clear break occurs.

Short term Research Report Call

Buy Above: 153500 | Targets: 155000, 158000 | Stop-loss: 150000

Sell Below: 150000 | Targets: 149000, 146000 | Stop-loss: 152000

Short term - Technical Outlook

Natural Gas futures are currently trading near 250, showing mild bearish pressure with a small red candle after failing to sustain above 254. The price has formed a lower high and is testing the ascending trendline support, confirming short-term seller aggression following the rejection from the 280 supply zone.

The recent sessions have shifted the short-term bias to cautious-to-bearish, validating the pullback and consolidation after the rally toward 305. The sustained weakness below 275 has been accompanied by red candle dominance and reduced buyer follow-through. A sustained close below 254 could accelerate downside momentum toward 247 or lower extension levels.

On the upside, immediate resistance now lies near 259, followed by stronger supply at 271–280. A breakout above 259 would be required to invalidate the current bearish shift and invite a corrective bounce, though momentum strongly favours sellers on any rally at present.

Short term Research Report Call

Buy Above: 259 | Targets: 271, 280 | Stop-loss: 254

Sell Below: 254 | Targets: 247, 241 | Stop-loss: 259

Short term - Technical Outlook

Silver Futures are currently trading near 246000, showing strong recovery with a prominent green candle after holding above the recent lows near 243000. Price continues to respect the overhead descending trendline connecting lower highs from the peak near 267810, maintaining a short-term bearish bias with consistent seller dominance despite the strong bounce and green candle testing the lower channel boundary.

The broader structure remains bearish-biased on the higher timeframe, trading below the descending trendline after the sustained breakdown from higher levels. The current zone around 246000–249000 displays strong buying pressure and higher volatility after the sharp move, reflecting short-term relief buying near the lower part of the recent decline. A decisive breakout and sustained close above 249000 could signal short-term relief and trigger fresh upside momentum toward 252500 or higher, though momentum strongly favours sellers unless clear reversal occurs.

On the downside, immediate support lies at 238500–232000, followed by stronger structural demand if breakdown occurs. A clear break below 238500 would confirm renewed bearish momentum and invite deeper corrective pressure toward lower extensions aligned with the downward trendline.

Short term Research Report Call

Buy Above: 249000 | Targets: 252500, 255000 | Stop-loss: 238500

Sell Below: 238500 | Targets: 232000, 226000 | Stop-loss: 246000