Daily Commodity Reports

CRUDE OIL

Tuesday 9 December, 2025

Technical Outlook – Crude Oil Futures 

Crude Oil is currently trading around 5,323, showing consolidation just above the crucial support zone at 5,303. The price recently broke above the long-term descending trendline, but it has struggled to sustain above the major resistance zone at 5,433, where repeated rejections indicate strong seller presence. As long as Crude trades below 5,433, upside momentum remains capped. A decisive breakout above this level could trigger a bullish continuation toward 5,500 and 5,602. On the downside, a breakdown below 5,303 would weaken the current structure and open room for a decline toward 5,200 and 5,010, making this support zone extremely critical for the next directional move.

Short-Term Research Report Call
Buy Above: 5,433 | Targets: 5,500 – 5,602 | Stop-Loss: 5,380
Sell Below: 5,303 | Targets: 5,200 – 5,010 | Stop-Loss: 5,350

Validity

18/12/2025

Pivot

5368.33

Buy Above

5388.65

R1

5416.59

R2

5445.80

R3

5497.87

Stop Loss

5381.03

Pivot

5368.33

(All values are in INR)

Sell Below

5348.01

S1

5320.07

S2

5290.86

S3

5238.79

Stop Loss

5355.63

GOLD

Tuesday 9 December, 2025

Technical Outlook – Gold Futures 

Gold futures are currently trading around 129,920, moving inside a rising channel after breaking out of the previous falling wedge structure. The bullish momentum remains intact as long as price stays above the rising trendline support.However, the price is repeatedly showing rejection from the major horizontal resistance zone at 131,800 – 132,000, which has acted as a strong supply zone in the past. This level remains the key breakout zone for any strong upside continuation.On the downside, immediate trendline support lies near 129,300 – 129,000, and a breakdown from this range may trigger short-term selling pressure toward the next support zone of 128,000.A breakout above 132,000 will confirm bullish continuation, while a breakdown below 129,000 opens room for deeper correction.

Short-Term Research Report Call 

Buy Above: 132,000 | Targets: 132,800 – 133,500 | Stop-Loss: 131,200
Sell Below: 129,000 | Targets: 128,200 – 127,400 | Stop-Loss: 129,800

 

Validity

05/02/2026

Pivot

130101.00

Buy Above

130290.92

R1

130552.06

R2

130825.07

R3

131311.74

Stop Loss

130219.70

Pivot

130101.00

(All values are in INR)

Sell Below

129911.08

S1

129649.94

S2

129376.93

S3

128890.26

Stop Loss

129982.30

NATURAL GAS

Tuesday 9 December, 2025

Technical Outlook – Natural Gas Futures 

Natural Gas is currently trading near 446, moving inside a well-defined rising channel structure. After hitting the upper channel resistance near 470–475, the price faced sharp profit booking and pulled back toward the mid-line of the channel. The trend remains bullish as long as Natural Gas sustains above the lower channel support area of 430–435. A fresh breakout above 455 will indicate renewed buying interest, potentially driving the price back toward the recent highs at 468–475. However, failure to hold above 435 could shift momentum to the downside, exposing the lower channel boundary and opening room for a decline toward 420.

Short-Term Research Report Call
Buy Above: 455 | Targets: 468 – 475 | Stop-Loss: 445
Sell Below: 435 | Targets: 425 – 420 | Stop-Loss: 445

Validity

26/12/2025

Pivot

454.07

Buy Above

458.27

R1

464.06

R2

470.11

R3

480.89

Stop Loss

456.70

Pivot

454.07

(All values are in INR)

Sell Below

449.86

S1

444.07

S2

438.02

S3

427.24

Stop Loss

451.44

Market Commentary

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.

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