CRUDEOIL
Friday 7 November, 2025
Short Term - Technical Outlook
Crude Oil futures are currently trading near 5,259, hovering close to short-term support after multiple rejections from the descending trendline. The price continues to move in a lower high–lower low formation, signaling ongoing bearish momentum. Immediate support lies at 5,230–5,200, and a breakdown below this zone could trigger further downside toward 5,050–5,000.On the upside, 5,430–5,450 acts as a strong resistance. A sustained breakout above this level would indicate a reversal, opening the path toward 5,600. Until then, rallies may face selling pressure at higher levels.
Short Term Research Report Call
Buy Above: 5430 | Targets: 5600, 5680 | Stop-loss: 5280
Sell Below: 5230 | Targets: 5100, 5000 | Stop-loss: 5340
Validity
19/11/2025
Pivot
5335.33
Buy Above
5352.13
R1
5375.23
R2
5399.38
R3
5442.43
Stop Loss
5345.83
Pivot
5335.33
(All values are in INR)
Sell Below
5318.53
S1
5295.43
S2
5271.28
S3
5228.23
Stop Loss
5324.83
GOLD
Friday 7 November, 2025
Short Term - Technical Outlook
Gold futures are trading near 120,700, showing mild weakness after facing rejection near the descending trendline resistance. The broader structure indicates that gold remains under selling pressure below 121,500, with strong support seen near 118,350.A breakout above 121,500–121,800 may trigger fresh upside momentum toward 124,400, while failure to cross this level could lead to continued consolidation or a slide toward 119,000–118,350.The trend remains neutral-to-bearish in the short term, with traders watching for a decisive breakout to confirm direction.
Short Term Research Report Call
Buy Above: 121,800 | Targets: 123,000, 124,400 | Stop-loss: 120,200
Sell Below: 120,000 | Targets: 119,000, 118,350 | Stop-loss: 121,000
Validity
05/12/2025
Pivot
120364.00
Buy Above
120487.20
R1
120656.60
R2
120833.70
R3
121149.40
Stop Loss
120441.00
Pivot
120364.00
(All values are in INR)
Sell Below
120240.80
S1
120071.40
S2
119894.30
S3
119578.60
Stop Loss
120287.00
NATURALGAS
Friday 7 November, 2025
Short Term - Technical Outlook
Natural Gas futures are currently trading near 382, maintaining a strong bullish structure after a breakout from a falling wedge pattern. The recent breakout above 363 confirms bullish momentum, with price action now consolidating just below the next resistance zone at 394–400.Momentum indicators suggest mild overbought conditions, hinting at a possible short-term pullback toward 363–355, which would act as a strong demand zone. However, if prices sustain above 382–385, continuation toward 410–420 cannot be ruled out.
Short Term Research Report Call
Buy Above: 385 | Targets: 400, 410, 420 | Stop-loss: 372
Sell Below: 363 | Targets: 350, 340 | Stop-loss: 376
Validity
24/11/2025
Pivot
379.40
Buy Above
381.10
R1
383.43
R2
385.87
R3
390.21
Stop Loss
380.46
Pivot
379.40
(All values are in INR)
Sell Below
377.70
S1
375.37
S2
372.93
S3
368.59
Stop Loss
378.34
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.
