Daily Commodity Reports

Short term - Technical Outlook

Crude Oil futures closed near 8,142, ending with a green candle as price extended the recovery from the 7,650 lows toward the 8,150 zone. The session reflects sustained buyer conviction, with price now trading above all four EMAs (8,019/7,988/7,916/7,889) and the MACD histogram turning positive, confirming building upside momentum.

Price is approaching the 8,265 resistance level, with the recovery structure from the 7,650 lows intact through a clear sequence of higher lows-higher highs. A sustained close above 8,265 would confirm the breakout and invite continuation toward 8,315-8,365. The EMA alignment beneath price supports the directional move.

On the downside, a close below 8,070 would interrupt the rally and invite corrective pressure toward 8,020-7,970. The overall short-term bias is bullish, with the MACD crossover and EMA structure firmly supporting buyers as long as 8,070 holds on a closing basis.

 

Short term Research Report Call

Buy Above: 8,265 | Targets: 8,315, 8,365 | Stop-loss: 8,215

Sell Below: 8,070 | Targets: 8,020, 7,970 | Stop-loss: 8,120

 

 

Short term - Technical Outlook

Gold futures closed near 154,500, ending with a small green candle as price attempted to stabilize near the 154,000-155,000 zone following the sustained corrective decline from the 163,000 highs. The session reflects tentative stabilization, though price remains below the 20 EMA (158,000) and 50 EMA (157,500), with the MACD histogram firmly negative confirming persistent bearish momentum.

Price is consolidating within the 153,500-155,500 range, with the declining EMA structure overhead keeping recovery attempts capped. A sustained close above 155,500 would signal a meaningful recovery and invite continuation toward 156,500-157,500. Until then, the weight of the declining EMAs and negative MACD keeps rallies vulnerable.

On the downside, a close below 153,500 would confirm the continuation of the bearish phase and invite extension toward 152,500-151,500. The overall short-term bias remains cautiously bearish, with the declining structure from the 163,000 highs favouring sellers unless 155,500 is reclaimed on a closing basis.

 

Short term Research Report Call

Buy Above: 155,500 | Targets: 156,500, 157,500 | Stop-loss: 154,500

Sell Below: 153,500 | Targets: 152,500, 151,500 | Stop-loss: 154,500

 

 

Short term - Technical Outlook

Natural Gas futures closed near 279, ending with a green candle as price held near the upper end of the recent 274-282 consolidation range following the sharp rally from the 266 lows. The session reflects continued buyer control, with price trading above all four EMAs and the MACD lines in positive territory confirming underlying strength.

Price is consolidating within the 278-282 range, with the recovery structure from the 266 lows remaining intact. A sustained close above 282 would confirm the breakout and invite continuation toward 284-286. The sequence of higher lows since the 266 base supports the bullish move.

On the downside, a close below 278 would interrupt the rally and invite corrective pressure toward 276-274. The overall short-term bias is bullish, with the EMA alignment and MACD structure favouring buyers as long as 278 holds on a closing basis.

 

Short term Research Report Call

Buy Above: 282 | Targets: 284, 286 | Stop-loss: 280

Sell Below: 278 | Targets: 276, 274 | Stop-loss: 280

 

 

Short term - Technical Outlook

Silver futures closed near 240,250, ending with a small red candle as price consolidated near the 240,000 zone following the sharp decline from the 245,000 highs. The session reflects indecision near the 20 EMA (241,000), with the prior rejection from the highs keeping the near-term structure under pressure and the MACD histogram narrowing near the zero line.

Price is trading within the 238,500-243,000 range, with the 20 EMA overhead acting as the immediate resistance reference. A sustained close above 243,000 would signal recovery from the pullback and invite continuation toward 245,000-247,000. Until then, the pattern of lower highs from the recent peak keeps rallies vulnerable near resistance.

On the downside, a close below 238,500 would confirm renewed bearish pressure and invite extension toward 236,500-234,500. The overall short-term bias remains cautiously bearish, with the declining structure from the 245,000 highs favouring sellers unless 243,000 is reclaimed on a closing basis.

 

Short term Research Report Call

Buy Above: 243,000 | Targets: 245,000, 247,000 | Stop-loss: 241,000

Sell Below: 238,500 | Targets: 236,500, 234,500 | Stop-loss: 240,500