CRUDEOIL
Thursday 5 November, 2026
Short term - Technical Outlook
Crude oil futures are trading around 8,400, extending their broader downward trajectory after witnessing sharp selling pressure and breaking below multiple key support levels. The price has slipped below the 8,550 resistance zone and is currently witnessing a mild recovery after finding buying interest near the 8,250 support level. Immediate resistance is placed around 8,550, followed by 8,700. On the downside, support is positioned near 8,250, and a sustained break below this level could extend the decline towards 8,100. The broader technical outlook remains bearish unless prices reclaim the immediate resistance zone.
Short term Research Report Call
Buy Above: 8,400 | Targets: 8,500, 8,600 | Stop-loss: 8,300
Sell Below: 8,200 | Targets: 8,100, 8,000 | Stop-loss: 8,300
Short term Chart
Disclaimer: Investment in securities/commodities market subject to market risk, read all the related documents carefully before investing/trading.
Analyst Certification: I/We, Ajith Kamti 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-202500242249.
Validity
19/11/2026
Pivot
8594.67
| Signal | Trigger level | Targets | Stop loss | ||
|---|---|---|---|---|---|
| Target 1 | Target 2 | Target 3 | |||
| Buy AboveBullish buy signal | 8747.95 | R18958.71 | R29179.05 | R39571.83 | Stop Loss8690.47 |
| Pivot | 8594.67 | (All values are in INR) | |||
| Sell BelowBearish sell signal | 8441.39 | S18230.63 | S28010.29 | S37617.51 | Stop Loss8498.87 |
GOLD
Thursday 5 November, 2026
Short term - Technical Outlook
Gold futures are currently trading around 143,000, showing a strong bullish recovery after rebounding from the recent lows near 138,000. The price has moved above the immediate resistance zone of 140,000 and is now sustaining above 142,000. A sustained move above 143,000 could trigger further upside towards 145,000, followed by 146,000. Immediate support is placed at 142,000, followed by 140,000. The near-term outlook has turned bullish, although the broader trend remains cautious until the price reclaims higher resistance levels.
Short term Research Report Call
Buy Above: 143,500 | Targets: 144,500, 145,500 | Stop-loss: 142,500
Sell Below: 142,000 | Targets: 141,000, 140,000 | Stop-loss: 143,000
Short term Chart
Disclaimer: Investment in securities/commodities market subject to market risk, read all the related documents carefully before investing/trading.
Analyst Certification: I/We, Ajith Kamti 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-202500242249.
Validity
04/12/2026
Pivot
141943.67
| Signal | Trigger level | Targets | Stop loss | ||
|---|---|---|---|---|---|
| Target 1 | Target 2 | Target 3 | |||
| Buy AboveBullish buy signal | 142622.55 | R1143556.01 | R2144531.90 | R3146271.53 | Stop Loss142367.97 |
| Pivot | 141943.67 | (All values are in INR) | |||
| Sell BelowBearish sell signal | 141264.79 | S1140331.33 | S2139355.44 | S3137615.81 | Stop Loss141519.37 |
NATURALGAS
Thursday 5 November, 2026
Short term - Technical Outlook
Natural Gas futures are currently trading around 282, showing a strong bullish recovery after breaking above the immediate resistance zone of 280. The price has witnessed fresh buying momentum and is now approaching the next resistance zone around 284. A sustained breakout above this level could trigger further upside towards 290, while immediate support is placed at 280, followed by 275. A breakdown below 275 may renew selling pressure towards 271. The near-term outlook remains bullish as long as the price sustains above the immediate support zone.
Short term Research Report Call
Buy Above: 284 | Targets: 290, 295 | Stop-loss: 280
Sell Below: 280 | Targets: 275, 270 | Stop-loss: 275
Short term Chart
Disclaimer: Investment in securities/commodities market subject to market risk, read all the related documents carefully before investing/trading.
Analyst Certification: I/We, Ajith Kamti 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-202500242249.
Validity
24/11/2026
Pivot
279.03
| Signal | Trigger level | Targets | Stop loss | ||
|---|---|---|---|---|---|
| Target 1 | Target 2 | Target 3 | |||
| Buy AboveBullish buy signal | 281.02 | R1283.75 | R2286.60 | R3291.68 | Stop Loss280.27 |
| Pivot | 279.03 | (All values are in INR) | |||
| Sell BelowBearish sell signal | 277.05 | S1274.32 | S2271.47 | S3266.39 | Stop Loss277.79 |
SILVER
Thursday 5 November, 2026
Short term - Technical Outlook
Silver futures are currently trading around 188,000, maintaining a strong bullish recovery after a sharp rally from lower levels. The price is consolidating above the immediate support zone around 186,000. A sustained move above 189,000 could trigger further upside towards 194,000, followed by 197,000. Immediate support is placed at 186,000, while a breakdown below this level could lead to a correction towards 182,000. The overall outlook remains bullish as long as the price sustains above the immediate support zone.
Short term Research Report Call
Buy Above: 188,000 | Targets: 190,000, 192,000 | Stop-loss: 186,000
Sell Below: 186,000 | Targets: 1784,000, 182,000 | Stop-loss: 188,000
Short term Chart
Disclaimer: Investment in securities/commodities market subject to market risk, read all the related documents carefully before investing/trading.
Analyst Certification: I/We, Ajith Kamti 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-202500242249.
Validity
04/12/2026
Pivot
184445.00
| Signal | Trigger level | Targets | Stop loss | ||
|---|---|---|---|---|---|
| Target 1 | Target 2 | Target 3 | |||
| Buy AboveBullish buy signal | 186109.00 | R1188397.00 | R2190789.00 | R3195053.00 | Stop Loss185485.00 |
| Pivot | 184445.00 | (All values are in INR) | |||
| Sell BelowBearish sell signal | 182781.00 | S1180493.00 | S2178101.00 | S3173837.00 | Stop Loss183405.00 |
Market Commentary
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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.