Daily Commodity Reports

Short term - Technical Outlook

Crude Oil futures closed near 7,874, ending with a recovery candle after the sharp retracement from the 8,080-8,100 zone toward the 7,650 lows. The session reflects renewed buyer interest following the aggressive prior-session decline, with price reclaiming the 7,875-7,880 zone near the 200 EMA.

Price is now approaching the 7,990-8,080 resistance band, with all four EMAs (7,955-7,876) clustered near current levels, creating a dense overhead ceiling. A sustained close above 8,080 would confirm a recovery through the first resistance and invite continuation toward 8,130-8,180. Until then, the EMA convergence zone is likely to cap rallies.

On the downside, a close below 7,990 would undermine the recovery and invite corrective pressure toward 7,940-7,890. The overall short-term bias remains cautiously bullish following the recovery from the 7,650 lows, though confirmation above 8,080 is needed to shift momentum decisively in favour of buyers.

 

Short term Research Report Call

Buy Above: 8,080 | Targets: 8,130, 8,180 | Stop-loss: 8,030

Sell Below: 7,990 | Targets: 7,940, 7,890 | Stop-loss: 8,040

 

 

Short term - Technical Outlook

Gold futures closed near 158,600, ending with a small green candle after the continued corrective decline from the 163,500 highs toward the 158,500 support zone. The session reflects tentative stabilization near the 158,500-159,000 area, though the broader sequence of lower highs from the peak remains intact and the 20 EMA (160,000) overhead continues to cap recovery attempts.

Price is now consolidating within the 158,500-160,000 range, with the corrective structure from the highs keeping sellers in control. A sustained close above 160,000 would signal a meaningful recovery and invite continuation toward 161,000-162,000. Until then, rallies are likely to face resistance near the 160,000 EMA zone.

On the downside, a close below 158,500 would confirm renewed bearish pressure and invite extension toward 157,500-156,500. The overall short-term bias remains cautiously bearish, with the declining structure from the 163,500 highs favouring sellers unless 160,000 is reclaimed on a closing basis.

 

Short term Research Report Call

Buy Above: 160,000 | Targets: 161,000, 162,000 | Stop-loss: 159,000

Sell Below: 158,500 | Targets: 157,500, 156,500 | Stop-loss: 159,500

 

 

Short term - Technical Outlook

Natural Gas futures closed near 280, ending with a strong green candle as price extended the sharp multi-session rally from the 266 lows toward the 280 zone. The session reflects sustained buyer conviction, with price now trading above all four EMAs and the MACD histogram firmly positive, confirming strong upside momentum.

Price is approaching the 286 resistance level, with the rally structure from the 266 lows remaining intact through a clear sequence of higher lows-higher highs. A sustained close above 286 would confirm the breakout and invite continuation toward 288-290. The strength of the recent advance supports the directional move.

On the downside, a close below 281 would interrupt the rally and invite corrective pressure toward 279-277. The overall short-term bias is bullish, with the MACD alignment and EMA structure firmly supporting buyers as long as 281 holds on a closing basis.

 

Short term Research Report Call

Buy Above: 286 | Targets: 288, 290 | Stop-loss: 284

Sell Below: 281 | Targets: 279, 277 | Stop-loss: 283

 

 

 

Short term - Technical Outlook

Silver futures closed near 239,500, ending with a small green candle as price consolidated near the 239,000-240,000 zone following the pullback from the 245,000 highs. The session reflects indecision near the 20 EMA (241,500), with the prior decline from the highs having retraced a significant portion of the recovery rally from the 231,000 lows.

Price is now trading within the 239,000-242,500 range, with the 20 EMA overhead acting as the immediate reference. A sustained close above 242,500 would signal the pullback has completed and invite continuation toward 244,500-246,500. Until then, the prior rejection from the highs keeps near-term momentum neutral.

On the downside, a close below 239,000 would confirm a deeper corrective phase and invite pressure toward 237,000-235,000. The overall short-term bias remains cautious, with the structure favouring range-bound consolidation unless 242,500 is reclaimed on a closing basis.

 

Short term Research Report Call

Buy Above: 242,500 | Targets: 244,500, 246,500 | Stop-loss: 240,500

Sell Below: 239,000 | Targets: 237,000, 235,000 | Stop-loss: 241,000