Crude Oil
Monday 31 March, 2025
Short term - Technical Outlook
Crude oil is trading in a broken ascending channel pattern on the 30-minute chart, with a possible retest towards the 5,985 range. In the last session, it closed at 5,946, down by 49 points. Further momentum is expected above 5,965 for an upside move or below 5,939 for a downside move. A potential breakout towards the upside is anticipated in the coming days
Short term Research Report Call
Buy Above: 5,965 | Targets: 6,000, 6,043, 6,070 | Stop-loss: 5,940
Sell Below: 5,939 | Targets: 5,900, 5,871, 5,847 | Stop-loss: 5,960
Short term Chart
Validity
21/04/2025
Pivot
5955.33
Buy Above
5970.37
R1
5991.05
R2
6012.67
R3
6051.21
Stop Loss
5964.73
Pivot
5955.33
(All values are in INR)
Sell Below
5940.29
S1
5919.61
S2
5897.99
S3
5859.45
Stop Loss
5964.73
Gold
Monday 31 March, 2025
Short term - Technical Outlook
Gold is trading in an ascending channel on the 4-hour chart. In the last session, it closed at 88,806, up by 422 points. The metal continues to trade within the channel. If gold sustains above 89,200, further upward momentum is expected. The support zone lies between 87,850–88,000, and a breakdown below this range could trigger weakness. Resistance is placed in the 89,150–89,210 range. For intraday trades, movement above 89,150 may signal an upside move, while a dip below 88,650 could lead to a downside move.
Short term Research Report Call
Buy Above: 88,900 | Targets: 89,400, 89,800, 90,100 | Stop-loss: 88,700
Sell Below: 88,650 | Targets: 88,400, 88,160, 87,800 | Stop-loss: 88,800
Short term Chart
Validity
04/04/2025
Pivot
88823.67
Buy Above
88896.47
R1
88996.57
R2
89101.22
R3
89287.77
Stop Loss
88869.17
Pivot
88823.67
(All values are in INR)
Sell Below
88750.87
S1
88650.77
S2
88546.12
S3
88359.57
Stop Loss
88869.17
Natural Gas
Monday 31 March, 2025
Short term - Technical Outlook
Natural gas is trading in a broken falling wedge pattern on the 30-minute chart, with a possible retest towards the 340 range. If natural gas sustains above 352, it could indicate further positive momentum, although it may face resistance around the 350 range. Another intraday move can be expected above 352.3 for further upside or below 344 for downside momentum. The last session closed in bullish mode, gaining 10.2 points to settle at 348.1.
Short term Research Report Call
Buy Above: 352.3 | Targets: 361, 366, 372 | Stop-loss: 350
Sell Below: 344 | Targets: 336.5, 327.7, 319.4 | Stop-loss: 346
Short term Chart
Validity
25/04/2025
Pivot
342.33
Buy Above
345.68
R1
350.28
R2
355.08
R3
363.65
Stop Loss
344.42
Pivot
342.33
(All values are in INR)
Sell Below
338.99
S1
334.39
S2
329.58
S3
321.02
Stop Loss
344.42
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.
