Daily Commodity Reports

CrudeOil

Friday 5 December, 2025

Short term - Technical Outlook

Crude Oil is moving inside a short-term rising channel, indicating improving bullish momentum after weeks of consolidation. The price has recently bounced from the channel’s lower trendline and is now approaching the 5,400 resistance zone. The major supply zone remains between 5,480–5,540, where multiple rejections were seen earlier this is the critical hurdle for any strong upside continuation.As long as price sustains above 5,300, the structure stays bullish within the rising channel. A breakout above 5,400 strengthens the move, while failure to hold the channel support may trigger a pullback.

 

Short term Research Report Call

Buy Above:  5345 | Targets:  5400 , 5460 | Stop-loss: 5280
Sell Below:  5275 | Targets:  5220 , 5160 | Stop-loss:5330

 

Short term Chart

Validity

18/12/2025

Pivot

5362.00

Buy Above

5376.88

R1

5397.34

R2

5418.73

R3

5456.86

Stop Loss

5371.30

Pivot

5362.00

(All values are in INR)

Sell Below

5347.12

S1

5326.66

S2

5305.27

S3

5267.14

Stop Loss

5352.70

Gold

Friday 5 December, 2025

Short term - Technical Outlook

MCX Gold continues to trade within a rising channel, reflecting a stable medium-term uptrend, though prices are currently consolidating after encountering resistance near 132,400. The setup remains bullish as long as the lower channel trendline holds, with immediate support at 129,200–128,600 offering potential buying opportunities. A decisive move above 131,800–132,400 would resume the upward momentum toward 133,200–134,000, while a fall below ?128,600 could shift sentiment weaker and pull prices toward 127,400–126,500. Overall, the outlook stays positive, but short-term consolidation may continue until Gold breaks above the key 132,400 resistance.

 

Short term Research Report Call

Buy Above: 130100 | Targets:  130450 , 131150 | Stop-loss: 129750
Sell Below:  129700 | Targets:  129200 , 128700 | Stop-loss:130050.

 

Short term Chart

Validity

05/02/2026

Pivot

130081.00

Buy Above

130310.28

R1

130625.54

R2

130955.13

R3

131542.66

Stop Loss

130224.30

Pivot

130081.00

(All values are in INR)

Sell Below

129851.72

S1

129536.46

S2

129206.87

S3

128619.34

Stop Loss

129937.70

NaturalGas

Friday 5 December, 2025

Short term - Technical Outlook

Natural Gas continues to trade within a well-defined rising channel, maintaining a strong short-term uptrend despite a recent pullback from the upper resistance zone at 456–458. The overall structure remains bullish, with the trend intact as long as price holds above the mid-channel region. The current dip appears healthy and may offer buy-on-dips opportunities around 444–446. A decisive breakout above 458 could accelerate bullish momentum toward 465–472. However, sustained weakness below 438 would signal a breakdown from the channel, shifting the outlook to neutral-to-bearish.

 

Short term Research Report Call

Buy Above: 445 | Targets:  454 , 462 | Stop-loss: 438
Sell Below:  435 | Targets: 425 , 412 | Stop-loss: 442

 

Short term Chart

Validity

26/12/2025

Pivot

447.13

Buy Above

449.89

R1

453.67

R2

457.63

R3

464.68

Stop Loss

448.85

Pivot

447.13

(All values are in INR)

Sell Below

444.38

S1

440.60

S2

436.64

S3

429.59

Stop Loss

445.41

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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