Daily Commodity Reports

CRUDEOIL

Wednesday 10 December, 2025

Technical Outlook – Crude Oil Futures (4H)

Crude Oil is currently trading near 5,255, moving inside a prolonged descending structure where repeated rejections from the falling trendline have kept upside momentum limited. The price recently slipped below the 5,303 horizontal zone, signalling short-term weakness and suggesting sellers are still active at higher levels. A clear breakdown from the trendline retest has pushed crude toward lower support near 5,150–5,180, which now becomes the key area to watch for bearish continuation. If buyers reclaim 5,303 and sustain above it, crude may attempt a recovery toward 5,433, but the broader trend remains weak until a decisive breakout above the falling trendline. Failure to hold above 5,150 could accelerate selling toward the major support at 5,010.

 

Short-Term Research Report Call

Buy Above: 5,303 | Targets: 5,360 – 5,433 | Stop-Loss: 5,250
Sell Below: 5,150 | Targets: 5,080 – 5,010 | Stop-Loss: 5,210

Validity

18/12/2025

Pivot

5242.67

Buy Above

5257.71

R1

5278.39

R2

5300.01

R3

5338.55

Stop Loss

5252.07

Pivot

5242.67

(All values are in INR)

Sell Below

5227.63

S1

5206.95

S2

5185.33

S3

5146.79

Stop Loss

5233.27

GOLD

Wednesday 10 December, 2025

Technical Outlook – Gold Futures 

Gold is currently trading near 130,175, consolidating just below the major horizontal resistance placed at 131,800–132,000. After breaking out of the falling channel structure, Gold shifted into a strong rising channel, indicating clear bullish momentum. Price is now moving tightly within the upper half of this rising channel, showing sustained buying interest but also facing supply pressure near the overhead resistance. As long as Gold holds above the rising channel support around 129,200–129,400, the bullish structure remains intact and a breakout above 131,800 could trigger a fresh upside rally. On the downside, any breakdown below 129,200 may invite short-term weakness toward 128,200–127,500, retesting previous channel zones.

 

Short-Term Research Report Call

 Buy Above: 131,800 | Targets: 132,600 – 133,200 | Stop-Loss: 130,900 

Sell Below: 129,200 | Targets: 128,200 – 127,500 | Stop-Loss: 129,900

Validity

05/02/2026

Pivot

129947.33

Buy Above

130100.61

R1

130311.37

R2

130531.71

R3

130924.49

Stop Loss

130043.13

Pivot

129947.33

(All values are in INR)

Sell Below

129794.05

S1

129583.29

S2

129362.95

S3

128970.17

Stop Loss

129851.53

NATURAL GAS

Wednesday 10 December, 2025

Technical Outlook – Natural Gas Futures 

Natural Gas is currently trading near 419.7, showing a sharp corrective decline after failing to sustain above the upper boundary of its rising parallel channel. The price has now slipped back toward the mid-channel support and is testing the important horizontal demand zone around 417–420, which has historically acted as a reaction level. A sustained hold above this support zone may trigger a short-term rebound toward 430–445, but the broader bullish structure weakens if the price breaks below the channel support. A breakdown beneath 417 will shift momentum strongly bearish, opening downside potential toward 400 and further extension toward 385, which aligns with the lower trendline of the previous accumulation zone.

 

Short-Term Research Report Call

Buy Above: 425 | Targets: 435 – 445 | Stop-Loss: 417
Sell Below: 417 | Targets: 405 – 395 | Stop-Loss: 425

Validity

26/12/2025

Pivot

414.93

Buy Above

418.36

R1

423.07

R2

427.99

R3

436.76

Stop Loss

417.07

Pivot

414.93

(All values are in INR)

Sell Below

411.51

S1

406.80

S2

401.88

S3

393.11

Stop Loss

412.79

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.

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