Daily Commodity Reports

CRUDEOIL

Monday 2 November, 2026

Short term - Technical Outlook

Crude oil futures are trading at 9,917, sustaining a broader upward trajectory within an ascending channel. The price is consolidating near the upper boundary of the channel and approaching immediate resistance at 10,200. Support is placed around 9,800, and holding above this level could keep the positive momentum intact. A breakout above 10,200 may extend the upside, while a breakdown below 9,800 could trigger a short-term correction.

 

Short term Research Report Call

Buy Above: 10,000 | Targets: 10,100, 10,200 | Stop-loss: 9,900

Sell Below: 9,800 | Targets: 9,700, 9,600 | Stop-loss: 9,900


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

9889.67

CRUDEOIL commodity live levels. All values are in INR.
SignalTrigger levelTargetsStop loss
Target 1Target 2Target 3
Buy AboveBullish buy signal9923.59R19970.23R210018.99R310105.91Stop Loss9910.87
Pivot9889.67(All values are in INR)
Sell BelowBearish sell signal9855.75S19809.11S29760.35S39673.43Stop Loss9868.47

GOLD

Monday 2 November, 2026

Short term - Technical Outlook

Gold futures are trading at 138,419, continuing to face selling pressure within a broader downward-sloping channel. The price has slipped below the channel's lower boundary, indicating further weakness. Immediate resistance is placed at 140,000, while support is seen at 136,000, followed by 132,000. The overall trend remains bearish, with a sustained move below 136,000 potentially extending the downside.

 

Short term Research Report Call

Buy Above: 140,000 | Targets: 141,000, 142,000 | Stop-loss: 139,000

Sell Below: 138,000 | Targets: 137,000, 136,000 | Stop-loss: 139,000

 

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

139769.33

GOLD commodity live levels. All values are in INR.
SignalTrigger levelTargetsStop loss
Target 1Target 2Target 3
Buy AboveBullish buy signal140461.33R1141412.83R2142407.58R3144180.83Stop Loss140201.83
Pivot139769.33(All values are in INR)
Sell BelowBearish sell signal139077.33S1138125.83S2137131.08S3135357.83Stop Loss139336.83

NATURALGAS

Monday 2 November, 2026

Short term - Technical Outlook

Natural Gas futures are trading at 276.9, recovering from recent lows around 237.5 following a sharp decline within a descending channel. However, the recovery has faced resistance near 295, and the price has retreated towards the immediate support zone at 270. Sustaining above 270 could support further recovery towards 295, while a breakdown below this level may renew selling pressure. The near-term outlook remains range-bound to bearish until the price reclaims 295.

 

Short term Research Report Call

Buy Above: 280 | Targets: 285, 290 | Stop-loss: 275

Sell Below: 270 | Targets: 265, 260 | 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

276.00

NATURALGAS commodity live levels. All values are in INR.
SignalTrigger levelTargetsStop loss
Target 1Target 2Target 3
Buy AboveBullish buy signal277.46R1279.46R2281.55R3285.28Stop Loss276.91
Pivot276.00(All values are in INR)
Sell BelowBearish sell signal274.54S1272.54S2270.45S3266.72Stop Loss275.09

SILVER

Monday 2 November, 2026

Short term - Technical Outlook

Silver futures are trading at 178,900, maintaining a strong bearish trend within a descending channel. The price has witnessed persistent selling pressure and is now testing the immediate support zone around 178,000. A sustained breakdown below this level could accelerate the decline towards 170,000, while resistance is placed at 190,000 and 198,000. The overall outlook remains bearish unless the price manages to recover above the immediate resistance zone.

 

Short term Research Report Call

Buy Above: 182,000 | Targets: 184,000, 186,000 | Stop-loss: 180,000

Sell Below: 178,000 | Targets: 176,000, 174,000 | Stop-loss: 180,000

 

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

182074.33

SILVER commodity live levels. All values are in INR.
SignalTrigger levelTargetsStop loss
Target 1Target 2Target 3
Buy AboveBullish buy signal183586.81R1185666.47R2187840.66R3191716.39Stop Loss183019.63
Pivot182074.33(All values are in INR)
Sell BelowBearish sell signal180561.85S1178482.19S2176308.00S3172432.27Stop Loss181129.03

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.