Short term - Technical Outlook

Crude Oil futures are currently trading near 6039, consolidating just below the key resistance zone at 6106–6138. The price structure remains bullish on the higher timeframe, supported by an ascending trendline from the 5037 base, with a pattern of higher lows and sustained buying interest visible across recent sessions.

However, the price continues to face repeated rejections at the 6106–6138 supply area, with the latest candles showing hesitation, smaller bodies, and minor pullback pressure near the upper band. A decisive breakout and sustained close above 6138 could confirm fresh bullish momentum and target 6250–6300 or higher.

On the downside, immediate support lies near 5900–5950, followed by strong structural support along the ascending trendline and 5611 zone. A breakdown below 5900 may trigger short-term profit booking or corrective pullback toward 5750–5611 levels.

Short term Research Report Call

Buy Above: 6138 | Targets: 6250, 6300 | Stop-loss: 6020

Sell Below: 5900 | Targets: 5750, 5611 | Stop-loss: 6020

Short term - Technical Outlook

Gold futures are currently trading near 1,59,861, showing mild consolidation with a positive close after pulling back slightly from the recent highs near 1,60,950–1,62,010. Price continues to form higher lows from the strong demand base around 1,49,817–1,51,195, maintaining a short-term bullish structure supported by the ascending price action off the February lows.

However, the 1,60,000–1,62,010 area has acted as a consistent supply barrier, with multiple rejections and hesitation visible in recent candles. A decisive breakout and sustained close above 1,62,010 could confirm renewed bullish momentum and open the path toward 1,66,400 and further to 1,74,000–1,76,000 levels.

On the downside, immediate support lies near 1,58,000–1,56,000, followed by the stronger structural support at 1,51,195–1,49,817. A breakdown below 1,56,000 may trigger short-term corrective pressure toward 1,49,817–1,45,000 levels.

Short term Research Report Call

Buy Above: 162010 | Targets: 166400, 174000 | Stop-loss: 158500

Sell Below: 156000 | Targets: 151195, 149817 | Stop-loss: 158500

Short term - Technical Outlook

Natural Gas futures are currently trading near 257.2, holding steady just above the major demand zone around 257.9–244.4 after a multi-week downtrend from the sharp peak near 640–600 levels. The price has formed a series of lower highs and lower lows since late January, with the descending trendline from February highs continuing to cap upside attempts.

Recent candles show reduced volatility and small bodies near the bottom of the channel, indicating potential exhaustion in selling pressure. The structure remains bearish overall, but the price is now testing a critical support cluster at 257.9–244.4, where previous lows have clustered and held temporarily. A decisive breakdown and sustained close below 244.4 could accelerate downside toward 220–200 levels.

On the upside, immediate resistance lies near 280, followed by stronger supply at 300–320 and the descending trendline. A sustained breakout and close above 280 would signal short-term reversal potential and relief rally toward 320–340 or higher.

Short term Research Report Call

Buy Above: 280 | Targets: 320, 340 | Stop-loss: 257

Sell Below: 244.4 | Targets: 220, 200 | Stop-loss: 257

Short term - Technical Outlook

Silver futures are currently trading near 259700, consolidating in the upper part of the recent range after a steady recovery from the February lows. Price has built a clear higher low structure off the major demand base near 231063, with the current zone around 256000–261000 acting as short-term support during the pullback.

The broader structure remains range-bound between the strong demand at 231000–235000 and the key supply/resistance zone around 280000–290000. Momentum has picked up modestly with the latest green candle, but repeated failures to sustain above 280000 keep the outlook cautious until a clear breakout occurs. A decisive breakout and sustained move above 290000 could trigger fresh bullish momentum toward 305000 and further to 333000–333255 levels.

On the downside, immediate support lies at 256000–250000, followed by the major demand zone at 231063–235000. A breakdown below 250000 may invite renewed selling pressure toward 245000–231000.

Short term Research Report Call

Buy Above: 290000 | Targets: 305000, 333000 | Stop-loss: 275000

Sell Below: 250000 | Targets: 245000, 231000 | Stop-loss: 258000