CRUDEOIL
Monday 3 November, 2025
Short Term – Technical Outlook
Crude Oil futures are trading near 5,421, showing a short-term recovery from the strong demand zone between 5,000–5,050 highlighted in orange. The price is currently testing the descending trendline resistance, and multiple rejections near this level indicate continued selling pressure. A clear breakout and sustained close above 5,450 could push prices toward the next resistance at 5,600, followed by 5,890. However, failure to break above the trendline may lead to renewed weakness toward 5,200–5,050.
Short Term Research Report Call
Buy Above: 5450 | Targets: 5600, 5890 | Stop-loss: 5390
Sell Below: 5200 | Targets: 5050, 5000 | Stop-loss: 5260
Validity
19/11/2025
Pivot
5405.33
Buy Above
5424.21
R1
5450.17
R2
5477.31
R3
5525.69
Stop Loss
5417.13
Pivot
5405.33
(All values are in INR)
Sell Below
5386.45
S1
5360.49
S2
5333.35
S3
5284.97
Stop Loss
5393.53
GOLD
Monday 3 November, 2025
Short Term – Technical Outlook
Gold futures are trading near 1,21,349, currently consolidating inside a symmetrical triangle pattern after facing rejection from the 1,24,500–1,25,000 resistance zone. The price is holding above the key support at 1,18,300–1,18,500, which remains a strong demand area. A breakout above the ?1,22,000 trendline could lead to a short-term bullish reversal targeting 1,24,500, and further toward 1,31,000 if momentum sustains. Conversely, a breakdown below 1,20,800 could extend weakness toward 1,18,300.
Short Term Research Report Call
Buy Above: 12200 | Targets: 12450, 13100 | Stop-loss: 12050
Sell Below: 12080 | Targets: 11850, 11800 | Stop-loss: 12180
Validity
05/12/2025
Pivot
121395.00
Buy Above
121666.52
R1
122039.86
R2
122430.17
R3
123125.94
Stop Loss
121564.70
Pivot
121395.00
(All values are in INR)
Sell Below
121123.48
S1
120750.14
S2
120359.83
S3
119664.06
Stop Loss
121225.30
NATURALGAS
Monday 3 November, 2025
Short Term – Technical Outlook
Natural Gas futures are trading near 365, showing strong bullish momentum after breaking out of the falling wedge pattern and surpassing multiple resistance zones. The price has successfully sustained above the previous supply area near 350–355, now turning it into a new support base. The next major resistance lies around 375–380, where some profit booking can be expected. If prices hold above ?355, the bullish trend may extend toward 390 levels. A drop below 350 could signal minor correction toward 330–320.
Short Term Research Report Call
Buy Above: 368 | Targets: 375, 390 | Stop-loss: 355
Sell Below: 350 | Targets: 335, 320 | Stop-loss: 358
Validity
24/11/2025
Pivot
361.93
Buy Above
364.64
R1
368.36
R2
372.24
R3
379.17
Stop Loss
363.62
Pivot
361.93
(All values are in INR)
Sell Below
359.23
S1
355.51
S2
351.62
S3
344.70
Stop Loss
360.24
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.
