CRUDE OIL
Tuesday 9 December, 2025
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
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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
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.
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
Click here to view PDF
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
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
Click here to view PDF
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
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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.
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