Crude Oil
Monday 24 March, 2025
Short term - Technical Outlook
Crude oil is trading in a consolidation pattern on the 30-minute chart, moving within the resistance range of 5,938 and support at 5,769. A descending wedge is also visible on the chart. The last session closed at 5,900, up by 3 points. Crude oil could face additional resistance from the descending trendline around the 5,900 range. Further momentum is expected above 5,940 for an upside move or below 5,871 for a downside move.
Short term Research Report Call
Buy Above: 5,940 | Targets: 5,965, 6,000, 6,043 | Stop-loss: 5,900
Sell Below: 5,871 | Targets: 5,847, 5,820, 5,768 | Stop-loss: 5,900
Short term Chart
Validity
21/04/2025
Pivot
5892.67
Buy Above
5905.47
R1
5923.07
R2
5941.47
R3
5974.27
Stop Loss
5900.67
Pivot
5892.67
(All values are in INR)
Sell Below
5879.87
S1
5862.27
S2
5843.87
S3
5811.07
Stop Loss
5900.67
Gold
Monday 24 March, 2025
Short term - Technical Outlook
Gold has been trading in an ascending channel on the 4-hour chart. It took resistance from the ascending channel and closed at 87,778, down by 928 points, continuing to trade within the channel. If gold sustains above 88,150, further positive momentum is expected. The support zone of the ascending channel lies between 86,100–85,900, and a breakdown below this range could lead to weakness. The resistance is placed at the 90,000–90,200 range. Intraday movement is expected above 88,850 for an upside move or below 87,300 for a downside move.
Short term Research Report Call
Buy Above: 88,150 | Targets: 88,450, 88,900, 89,400 | Stop-loss: 88,000
Sell Below: 87,300 | Targets: 86,910, 86,530, 86,160 | Stop-loss: 87,450
Short term Chart
Validity
04/04/2025
Pivot
87858.33
Buy Above
88042.49
R1
88295.71
R2
88560.44
R3
89032.35
Stop Loss
87973.43
Pivot
87858.33
(All values are in INR)
Sell Below
87674.17
S1
87420.95
S2
87156.22
S3
86684.31
Stop Loss
87973.43
Natural Gas
Monday 24 March, 2025
Short term - Technical Outlook
Natural gas has been consolidating over the last few days. In the previous session, it gave a breakdown and is currently retesting the resistance level of the rectangle pattern. It closed the session on a negative note, down by 1 point at 344.2. Further momentum can be expected above 346.2 for an upside move or below 341 for a downside move.
Short term Research Report Call
Buy Above: 346.2 | Targets: 351, 356, 361 | Stop-loss: 344
Sell Below: 341 | Targets: 339, 336, 333 | Stop-loss: 343
Short term Chart
Validity
26/03/2025
Pivot
342.13
Buy Above
344.41
R1
347.53
R2
350.80
R3
356.62
Stop Loss
343.55
Pivot
342.13
(All values are in INR)
Sell Below
339.86
S1
336.74
S2
333.47
S3
327.65
Stop Loss
343.55
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.
