Daily Commodity Reports

Short term - Technical Outlook

Crude Oil futures are currently trading near 8,193, showing a mild positive candle after opening at 8,201 and holding near the session high of 8,204. The prior sessions delivered a sharp and powerful recovery from the 7,896 zone, with a dominant green candle driving price through the 8,053–8,115 resistance band and pushing toward the current level near 8,193. The current candle reflects continued consolidation near the upper resistance zone at 8,193–8,230, with buyers maintaining momentum following the prior session's strong advance.

The broader structure has improved decisively, with price now trading above all short-term moving averages following the sharp recovery from the lows. The prior session's strong green candle reclaiming the 8,115–8,194 zone is a significant structural development, and the current session's hold near these levels reinforces buyer conviction. A sustained close above 8,300 would confirm a fresh breakout and open the path toward 8,345 and higher, while the 8,115 support zone represents the immediate downside reference that buyers must defend to maintain the current bullish structure.

On the downside, immediate support lies near 8,115–8,053, followed by stronger structural demand at 7,896. A clear break below 8,115 would invite corrective pressure toward 8,070 and lower, though the strength of the prior session's green candle and the current session's hold near the highs firmly favour buyers while price holds above the 8,115 support zone.

 

Short term Research Report Call

Buy Above: 8,300 | Targets: 8,345, 8,390 | Stop-loss: 8,255

Sell Below: 8,115 | Targets: 8,070, 8,025 | Stop-loss: 8,160

 

 

Short term - Technical Outlook

Gold futures are currently trading near 154,166, showing a mild negative candle after opening at 153,900 and holding near the session high of 154,326. The prior sessions delivered a sharp corrective pullback from the highs near 155,900, with price retracing toward the 153,431–154,215 support zone where buyers have returned in the current session. The current candle reflects tentative stabilization near the lower boundary of the recent range, with price holding just above the key structural support following the prior sessions' corrective pressure.

The broader structure remains bullish on the higher timeframe, with the prior recovery from the 144,000 lows intact and price continuing to trade above all major support levels. The current pullback from the recent highs near 155,900 appears corrective in nature, and the 153,431–154,215 zone represents the critical near-term support where buyers must establish a hold to invite resumption of the broader uptrend. A sustained close above 155,590 would signal the correction has completed and invite continuation toward 157,090 and higher, while a break below 153,431 would invite deeper corrective pressure toward 151,930 and lower.

On the downside, immediate support lies near 153,431–152,597, followed by stronger structural demand at 152,286. A clear break below 153,430 would confirm the corrective phase is deepening and expose the 151,930 zone and lower, though the current candle's stabilization above the support zone and the broader bullish structure suggest buyers are defending the 153,430–154,215 band.

 

Short term Research Report Call

Buy Above: 155,590 | Targets: 157,090, 158,590 | Stop-loss: 154,090

Sell Below: 153,430 | Targets: 151,930, 150,430 | Stop-loss: 154,930

 

 

Short term - Technical Outlook

Natural Gas futures are currently trading near 266.3, showing a mild positive candle after opening at 265.4 and edging toward the session high of 267.3. The prior sessions delivered alternating candles within the 263.7–268.5 range, reflecting a consolidation phase following the earlier recovery from the lows near 252. The current green candle reflects tentative buyer interest near the 265.3–266.4 zone, with price attempting to build on the prior session's recovery close and hold above the key support level.

The broader structure remains in a recovery phase following the extended decline from higher levels, with price now trading in a 263.7–270.4 consolidation band and the daily moving averages positioned above current price as overhead resistance. The recovery from the 252 lows has been meaningful but faces the significant overhead supply at 268.5–270.4, which has capped each recovery attempt. A sustained close above 270.5 would signal the consolidation has resolved in favour of buyers and invite continuation toward 272.5 and higher, while a break below 265.5 would invite renewed selling pressure toward 263.5 and the 260.7 structural demand zone.

On the downside, immediate support lies near 265.3–263.7, followed by deeper structural demand at 260.7. A clear break below 265.5 would confirm the consolidation is resolving to the downside and invite extension toward 263.5 and lower, though the current green candle and the prior session's close above 265.3 suggest buyers retain short-term momentum near current levels.

 

Short term Research Report Call

Buy Above: 270.5 | Targets: 272.5, 274.5 | Stop-loss: 268.5

Sell Below: 265.5 | Targets: 263.5, 261.5 | Stop-loss: 267.5

 

 

Short term - Technical Outlook

Silver Futures are currently trading near 230,012, showing a mild negative candle after opening at 230,001 and holding near the session low of 229,666. The prior sessions saw a meaningful pullback from the highs near 240,720, with consecutive red candles bringing price back toward the 228,950–230,953 support zone. The current candle reflects continued mild selling pressure within this corrective phase, with price now approaching the key structural support at 228,950 following the extended decline from the recent peak.

The broader structure remains bullish on the higher timeframe, with the recovery from the 215,260 lows still intact and the overall higher high and higher low pattern preserved. The current pullback from the highs is corrective in nature, and the 228,950–230,953 zone represents the critical near-term support where buyers must establish a firm base to invite resumption of the uptrend. A sustained close above 231,760 would signal the correction has found its base and invite recovery toward 234,260 and higher, while a break below 228,950 would invite deeper corrective pressure toward 226,450 and lower structural demand.

On the downside, immediate support lies near 228,954–228,124, followed by stronger structural demand at 224,670. A clear break below 228,950 would confirm the corrective phase is deepening and expose the 226,450 zone and lower, though the proximity to the key support band and the broader bullish structure suggest buyers are likely to defend the 228,950–230,000 zone aggressively.

 

Short term Research Report Call

Buy Above: 231,760 | Targets: 234,260, 236,760 | Stop-loss: 229,260

Sell Below: 228,950 | Targets: 226,450, 223,950 | Stop-loss: 231,450