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
| Signal | Trigger level | Targets | Stop loss | ||
|---|---|---|---|---|---|
| Target 1 | Target 2 | Target 3 | |||
| Buy AboveBullish buy signal | 9923.59 | R19970.23 | R210018.99 | R310105.91 | Stop Loss9910.87 |
| Pivot | 9889.67 | (All values are in INR) | |||
| Sell BelowBearish sell signal | 9855.75 | S19809.11 | S29760.35 | S39673.43 | Stop 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
| Signal | Trigger level | Targets | Stop loss | ||
|---|---|---|---|---|---|
| Target 1 | Target 2 | Target 3 | |||
| Buy AboveBullish buy signal | 140461.33 | R1141412.83 | R2142407.58 | R3144180.83 | Stop Loss140201.83 |
| Pivot | 139769.33 | (All values are in INR) | |||
| Sell BelowBearish sell signal | 139077.33 | S1138125.83 | S2137131.08 | S3135357.83 | Stop 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
| Signal | Trigger level | Targets | Stop loss | ||
|---|---|---|---|---|---|
| Target 1 | Target 2 | Target 3 | |||
| Buy AboveBullish buy signal | 277.46 | R1279.46 | R2281.55 | R3285.28 | Stop Loss276.91 |
| Pivot | 276.00 | (All values are in INR) | |||
| Sell BelowBearish sell signal | 274.54 | S1272.54 | S2270.45 | S3266.72 | Stop 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
| Signal | Trigger level | Targets | Stop loss | ||
|---|---|---|---|---|---|
| Target 1 | Target 2 | Target 3 | |||
| Buy AboveBullish buy signal | 183586.81 | R1185666.47 | R2187840.66 | R3191716.39 | Stop Loss183019.63 |
| Pivot | 182074.33 | (All values are in INR) | |||
| Sell BelowBearish sell signal | 180561.85 | S1178482.19 | S2176308.00 | S3172432.27 | Stop Loss181129.03 |
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.