Daily Commodity Reports

Short term - Technical Outlook

Crude Oil futures are currently trading near 8,096, showing mild bearish pressure with a small red candle after opening at 8,176 and pulling back from the session high of 8,180. The prior sessions delivered a sharp recovery from the lows near 7,580, with a strong sequence of green candles reclaiming the 7,960–8,120 zone before the prior session saw sellers re-emerge near the 8,180–8,200 resistance band. The current candle reflects continued consolidation just below the overhead resistance, with buyers and sellers in a short-term equilibrium near the 8,013–8,190 zone.

The broader structure has recovered meaningfully from the recent lows, with price now trading in the 8,000–8,190 range and establishing a short-term higher low structure. The overhead resistance at 8,190–8,315 continues to cap upside momentum, and the current candle's pullback from the highs suggests sellers remain active near this zone. A sustained close above 8,315 would confirm a breakout and open the path toward 8,360 and higher, while a break below 8,015 would invite corrective pressure toward 7,970 and the 7,900 support zone.

On the downside, immediate support lies near 8,015–7,900, followed by stronger structural demand at 7,580. A clear break below 8,015 would signal short-term exhaustion of the current recovery and invite downside extension toward 7,970 and lower, though the prior session's recovery candle structure suggests buyers remain active on dips near the 8,000 level.

 

Short term Research Report Call

Buy Above: 8,315 | Targets: 8,360, 8,405 | Stop-loss: 8,270

Sell Below: 8,015 | Targets: 7,970, 7,925 | Stop-loss: 8,060

 

 

Short term - Technical Outlook

Gold futures are currently trading near 143,344, showing a marginally positive candle after opening at 143,235 and edging toward the session high of 143,475. The prior sessions delivered a sharp recovery from the lows near 141,620, with a sequence of green candles reclaiming the 142,470–143,340 zone and pushing price back toward the current level. The current candle reflects continued consolidation within the 142,960–143,740 band, with price holding above the key support while facing the overhead resistance zone.

The broader structure has improved modestly from the recent lows, with the recovery establishing a short-term higher low pattern. However, the overhead resistance at 143,740–144,450 continues to limit upside progress, and the candle sequence near this zone shows limited follow-through from buyers. A sustained close above 144,450 would confirm the recovery has momentum and open the path toward 145,950 and higher, while a break below 142,960 would signal the recovery has failed and invite renewed selling pressure toward 141,460 and lower.

On the downside, immediate support lies near 142,960–142,470, followed by deeper structural demand at 141,620. A clear break below 142,960 would confirm the bearish structure has reasserted and expose the 141,460 zone and below, though the current candle's positive tone and the prior recovery candle sequence suggest buyers maintain short-term control above 142,960.

 

Short term Research Report Call

Buy Above: 144,450 | Targets: 145,950, 147,450 | Stop-loss: 142,950

Sell Below: 142,960 | Targets: 141,460, 139,960 | Stop-loss: 143,960

 

 

Short term - Technical Outlook

Natural Gas futures are currently trading near 263.0, showing a mild positive candle after opening at 261.7 and edging toward the session high of 263.4. The price has been in a choppy consolidation phase between 257 and 267 over the recent sessions, with alternating candles reflecting indecision and a lack of sustained directional momentum. The current green candle represents a tentative bounce from the 260.5–261 support zone, though the recovery lacks conviction given the broader bearish structure.

The broader structure remains bearish following the sharp breakdown from higher levels, with price continuing to trade below the key overhead resistance at 267–271. The repeated failure to sustain above 266–267 across recent sessions reinforces the overhead supply, and the current consolidation near 260–264 reflects a balancing phase rather than a reversal. A sustained close above 271 would be the first meaningful signal of a trend recovery, while a break below 261 would confirm the consolidation is resolving to the downside and expose the 259–257 zone.

On the downside, immediate support lies near 260.5–257, followed by deeper structural demand at 254. A clear break below 261 would invite renewed selling pressure toward 259 and lower extension levels, though the current candle's tentative bounce suggests buyers are making a short-term attempt to defend the 260.5–261 zone.

 

Short term Research Report Call

Buy Above: 271 | Targets: 273, 275 | Stop-loss: 269

Sell Below: 261 | Targets: 259, 257 | Stop-loss: 263

 

 

 

Short term - Technical Outlook

Silver Futures are currently trading near 217,490, showing a mild positive candle after opening at 216,250 and edging toward the session high of 217,490. The price has been oscillating within the 214,500–220,000 range over the recent sessions, with the descending trendline from the highs continuing to compress price action from above. The current green candle reflects tentative buyer interest following the prior session's modest decline, with price attempting to hold above the 216,260 support zone.

The broader structure remains bearish, with the descending trendline continuing to cap any meaningful recovery attempt and price trading below the key resistance at 218,900–220,710. The recent sessions have produced a series of indecisive candles near the lower band of the range, indicating a lack of sustained buyer momentum. A sustained close above 220,710 and the descending trendline would signal a meaningful shift in structure and open the path toward 223,210 and higher, though momentum continues to favour sellers while price remains below the trendline and 218,900 resistance.

On the downside, immediate support lies near 216,260–215,260, followed by deeper structural demand at 214,500. A clear break below 216,260 would confirm the bearish structure has reasserted itself and invite extension toward 213,760 and lower, though the current green candle suggests buyers are attempting a short-term defense of the 216,260–217,000 zone.

 

Short term Research Report Call

Buy Above: 220,710 | Targets: 223,210, 225,710 | Stop-loss: 218,210

Sell Below: 216,260 | Targets: 213,760, 211,260 | Stop-loss: 218,760