Crude Oil
Friday 9 May, 2025
Short term - Technical Outlook
Crude Oil is currently forming a descending wedge pattern. In the last session, it closed at 5163, up by 210 points. It has broken a major resistance range around 5120. Holding above this level could lead to further higher levels. A resistance can be faced at the 5315–5320 range.Further intraday upside momentum is likely above 5175, while a breakdown below 5135 could trigger additional selling pressure.
Short term Research Report Call
Buy Above: 5175 | Targets: 5210, 5250, 5300 | Stop-loss: 5135
Sell Below: 5135 | Targets: 5100, 5065, 5000 | Stop-loss: 5165
Short term Chart
Validity
19/05/2025
Pivot
5091.00
Buy Above
5127.16
R1
5176.88
R2
5228.86
R3
5321.52
Stop Loss
5113.60
Pivot
5091.00
(All values are in INR)
Sell Below
5054.84
S1
5005.12
S2
4953.14
S3
4860.48
Stop Loss
5113.60
Gold
Friday 9 May, 2025
Short term - Technical Outlook
In the last session, Gold closed at 96,168, down by 922 points. Technically, Gold holds in a bullish territory. Trading above 96,000 could add further positiveness to Gold. It is currently trading in an ascending channel in the wider frame and may face resistance near 98,300.
For intraday traders, a move above 96,700 may indicate upside potential, while a dip below 95,830 could trigger further downside pressure.
Short term Research Report Call
Buy Above: 96,700 | Targets: 97,300, 97,700, 98,300 | Stop-loss: 96,200
Sell Below: 95,830 | Targets: 95,400, 95,000, 94,400 | Stop-loss: 96,450
Short term Chart
Validity
05/06/2025
Pivot
96290.67
Buy Above
96601.39
R1
97028.63
R2
97475.29
R3
98271.51
Stop Loss
96484.87
Pivot
96290.67
(All values are in INR)
Sell Below
95979.95
S1
95552.71
S2
95106.05
S3
94309.83
Stop Loss
96484.87
Natural Gas
Friday 9 May, 2025
Short term - Technical Outlook
Natural Gas experienced significant volatility in the last session. It closed at 306.8, up by 1.9 points. Another intraday move is likely above 309.8, while downside pressure could emerge below 303.4. It is currently trading in an ascending channel as shown in the chart. Above 318, a strong momentum can be expected.
Natural Gas needs a close above 318 for a confirmed uptrend. However, a close below 287 could signal a further fall in prices.
Short term Research Report Call
Buy Above: 309.8 | Targets: 313.3, 315.6, 320 | Stop-loss: 290
Sell Below: 303.4 | Targets: 301, 297.6, 292.6 | Stop-loss: 310
Short term Chart
Validity
27/05/2025
Pivot
309.43
Buy Above
311.82
R1
315.10
R2
318.52
R3
324.63
Stop Loss
310.92
Pivot
309.43
(All values are in INR)
Sell Below
307.05
S1
303.77
S2
300.34
S3
294.24
Stop Loss
310.92
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.
