CrudeOil
Thursday 9 October, 2025
Short term - Technical Outlook
MCX Crude Oil price is currently hovering around a horizontal support zone. This level has held multiple times in the past (late August and mid-September), so it's crucial. However, recent candles show struggles to rebound, indicating weak demand. Price previously failed to hold above 5,780, marking it as a strong resistance. Unless this level is reclaimed, any rallies may face selling pressure near this zone. Neutral to mild bullish only if price sustainably reclaims 5,550–5,600 and forms higher lows.
Short term Research Report Call
Buy Above: 5500 | Targets: 5530, 5580, 5640 | Stop-loss: 5460
Sell Below: 5400 | Targets: 5350, 5285, 5200 | Stop-loss: 5500.
Short term Chart
Validity
20/10/2025
Pivot
5561.67
Buy Above
5574.31
R1
5591.69
R2
5609.86
R3
5642.25
Stop Loss
5569.57
Pivot
5561.67
(All values are in INR)
Sell Below
5549.03
S1
5531.65
S2
5513.48
S3
5481.09
Stop Loss
5553.77
Gold
Thursday 9 October, 2025
Short term - Technical Outlook
MCX Gold is trading in a strong upward channel, marked by clear higher highs and higher lows a classic bullish trend. Price is currently near the upper boundary of the ascending channel, indicating sustained buying momentum but also suggesting a short-term overbought zone. If gold sustains above 121,200, momentum could extend towards 122,000–123,000. A decisive breakout above the channel may trigger accelerated gains, supported by global safe-haven demand or dollar weakness.
Short term Research Report Call
Buy Above: 123500 | Targets: 123900, 124300, 124700 | Stop-loss: 122000
Sell Below: 121800 | Targets: 121400, 121000, 120600 | Stop-loss: 122600.
Short term Chart
Validity
05/12/2025
Pivot
122845.67
Buy Above
123097.19
R1
123443.03
R2
123804.59
R3
124449.11
Stop Loss
123002.87
Pivot
122845.67
(All values are in INR)
Sell Below
122594.15
S1
122248.31
S2
121886.75
S3
121242.23
Stop Loss
122688.47
NaturalGas
Thursday 9 October, 2025
Short term - Technical Outlook
Natural Gas had been consolidating in a falling wedge pattern. It has broken out strongly above the resistance trendline with high momentum. Sharp bullish candles indicate aggressive buying. Volume and momentum suggest a trend reversal from bearish to bullish. Sustaining above 282 keeps the bullish outlook intact. Natural Gas likely to test 315–320 zone. If it sustains above 320, rally can extend toward 340–345. A fall below 282 could invite profit booking toward 265–270; major trend support remains 248.
Short term Research Report Call
Buy Above: 300 | Targets: 310, 325, 340 | Stop-loss: 285
Sell Below: 288 | Targets: 270, 255, 210 | Stop-loss: 302
Short term Chart
Validity
28/10/2025
Pivot
302.27
Buy Above
305.48
R1
309.90
R2
314.53
R3
322.77
Stop Loss
304.28
Pivot
302.27
(All values are in INR)
Sell Below
299.05
S1
294.63
S2
290.01
S3
281.76
Stop Loss
300.26
Note: Above information is not recommending any buy or sell position, this is for your reference only and trading or investment in commodities & derivatives is subject to market risk.
Disclaimer: Investment in securities/commodities market subject to market risk, read all the related documents carefully before investing/trading.
Analyst Certification: I/We, Ayushi Jain Research Analyst, authors, and the name subscribed to this report, hereby certify that all the views expressed in this research report accurately reflect our views about the subject issuer(s) or securities. We also certify that no part of our compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or view(s) in this report. NISM Research Analyst registration number – NISM-201900015194.
