Daily Commodity Reports

CRUDE OIL

Monday 8 December, 2025

Short term - Technical Outlook

Crude oil futures are currently trading near 5,423, showing strong upward momentum after a decisive breakout above the multi-month descending trendline. This breakout signals a potential shift from a prolonged bearish structure into a short-term bullish phase.The price has also reclaimed the key horizontal resistance at 5,303, now acting as fresh support. Sustaining above this level strengthens the bullish structure.
Immediate overhead resistance is placed at 5,433, and a breakout above this zone may trigger an extension toward 5,602. Failure to sustain above 5,303 could invite selling pressure, retesting 5,168 and lower levels.

Short-Term Research Report Call
Buy Above: 5,433 | Targets: 5,520 – 5,602 | Stop-Loss: 5,360
Sell Below: 5,303 | Targets: 5,220 – ?5,168 | Stop-Loss: 5,360 

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

Monday 8 December, 2025

Short term - Technical Outlook

Gold futures are currently trading near 130,406, showing continued bullish structure inside a rising channel after a clean breakout from the previous falling wedge. The price is respecting higher highs and higher lows, confirming trend strength.However, the upside is now approaching a major resistance zone around 131,800 – 132,200, which has acted as a strong supply area earlier. The recent candles show mild rejection from the upper channel band, indicating possible short-term consolidation or profit booking.If bulls manage a sustained close above 132,200, the next bullish leg may open toward 133,000 – 134,000.
On the downside, immediate support lies near 129,600, followed by stronger channel support around 128,800. A breakdown below the channel trendline may weaken short-term momentum.

Short-Term Research Report Call
Buy Above: 131,800 | Targets: 132,500 – 133,200 | Stop-Loss: 130,900
Sell Below: 129,600 | Targets: 128,800 – 127,900 | Stop-Loss: 130,400

 

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

NATURAL GAS

Monday 8 December, 2025

Short term - Technical Outlook

Natural Gas futures are trading around 485.8, showing a strong bullish breakout from the ascending channel structure. The price has surged sharply, breaking above the upper trendline with a long-bodied bullish candle, indicating aggressive buying pressure and a possible acceleration phase in the uptrend.The structure has been consistently forming higher highs and higher lows, and today’s breakout confirms continuation of trend strength. If price sustains above the breakout zone 472–478, momentum may extend further on the upside.Immediate resistance is seen near 495–505, where short-term profit booking may appear.On the downside, the rising channel's upper boundary now acts as dynamic support. A dip toward 472 may attract new buyers. Breakdown below 460 would weaken the current bullish sentiment.

Short-Term Research Report Call
Buy Above: 490 | Targets: 498 – 505 | Stop-Loss: 474
Sell Below: 460 | Targets: 448 – 440 | Stop-Loss: 472

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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