Copper
Monday 13 January, 2025
Short term - Technical Outlook
Copper has broken its descending channel pattern on the 3-hour chart, and the last session closed at 826, up by 1 point. Further momentum can be expected above 828 and below 823.
Short term Research Report Call
Buy above 828, target 832.5, 835.5, 840, SL 823.
Sell below 823.5, target 821.5, 818.5, 814.5, SL 828.
Short term Chart
Validity
31/01/2025
Pivot
826.37
Buy Above
827.39
R1
828.80
R2
830.27
R3
832.89
Stop Loss
827.01
Pivot
826.37
(All values are in INR)
Sell Below
825.34
S1
823.93
S2
822.46
S3
819.84
Stop Loss
827.01
Crude Oil
Monday 13 January, 2025
Short term - Technical Outlook
Crude oil exhibited bullish behavior in the last trading session, breaking out of its ascending broadening wedge pattern on the 2-hour chart. This breakout was influenced by recent U.S. sanctions on Russian oil producers, which are expected to tighten global oil supply.
Currently, the price is finding support at the breakout point of the ascending broadening wedge pattern. The last session closed at 6,572, up by 6,576. Further momentum can be anticipated if the price moves above 6,588 or below 6,545
Short term Research Report Call
Buy above 6588, target 6641, 6708, 6762, SL 6545.
Sell below 6545, target 6495, 6425, 6370, SL 6588.
Short term Chart
Validity
17/01/2025
Pivot
6549.33
Buy Above
6604.69
R1
6680.81
R2
6760.39
R3
6902.25
Stop Loss
6583.93
Pivot
6549.33
(All values are in INR)
Sell Below
6493.97
S1
6417.85
S2
6338.27
S3
6196.41
Stop Loss
6583.93
Gold
Monday 13 January, 2025
Short term - Technical Outlook
In the last session, gold faced resistance from the rising channel in the 78,690–78,800 range and closed at 78,423, up by 319 points. A breakout is needed to confirm further momentum. Below 78,200, an intraday fall could be expected, while above 78,800, an upside momentum is likely.
Short term Research Report Call
Buy above 78800, target 79100, 79400, 79750, SL 78450.
Sell below 78200, target 77800, 77500, 77000, SL 78550.
Short term Chart
Validity
05/02/2025
Pivot
78427.67
Buy Above
78544.15
R1
78704.31
R2
78871.75
R3
79170.23
Stop Loss
78500.47
Pivot
78427.67
(All values are in INR)
Sell Below
78311.19
S1
78151.03
S2
77983.59
S3
77685.11
Stop Loss
78500.47
Natural Gas
Monday 13 January, 2025
Short term - Technical Outlook
Natural gas is trading in an ascending broadening wedge pattern on the 4-hour chart and has been bullish in the last three sessions, perfectly respecting the support and resistance levels of the ascending wedge. The last session closed with a gain of 16.7 points at 342.7.
Another momentum move can be expected above 344.5 or below 336.
Short term Research Report Call
Buy above 344.5, target 352–361, SL 339.
Sell below 336, target 327–319, SL 341.
Short term Chart
Validity
28/01/2025
Pivot
336.13
Buy Above
340.47
R1
346.43
R2
352.66
R3
363.78
Stop Loss
338.84
Pivot
336.13
(All values are in INR)
Sell Below
331.80
S1
325.84
S2
319.60
S3
308.49
Stop Loss
338.84
Silver
Monday 13 January, 2025
Short term - Technical Outlook
Silver is trading in a descending channel on the 4-hour chart. The silver market was bullish in the last few sessions, with the last session closing up by 795 points at 92,506. The descending channel resistance is placed in the 94,200-94,000 range, and a pullback is expected from this range before a breakout.
Another intraday momentum can be expected above 93,500 and below 92,300.
Short term Research Report Call
Buy above 93,500, target 94,200, 94,800, 95,700, SL 92,800.
Sell below 92,300, target 91,550, 90,950, 90,250, SL 93,000
Short term Chart
Validity
05/03/2025
Pivot
92346.00
Buy Above
92786.64
R1
93392.52
R2
94025.94
R3
95155.08
Stop Loss
92621.40
Pivot
92346.00
(All values are in INR)
Sell Below
91905.36
S1
91299.48
S2
90666.06
S3
89536.92
Stop Loss
92621.40
Zinc
Monday 13 January, 2025
Short term - Technical Outlook
Zinc is trading in a descending channel on the 2-hour chart and is currently trading at 273.25. The last session closed at 273.05, up by 1.50 points. Another momentum can be expected above 274 or below 272.3.
Short term Research Report Call
Buy above 274, target 275.25, 277, 278.4, SL 272.
Sell below 272.4, target 271, 269.5, 268.5, SL 274
Short term Chart
Validity
31/01/2025
Pivot
273.23
Buy Above
273.75
R1
274.47
R2
275.22
R3
276.55
Stop Loss
273.56
Pivot
273.23
(All values are in INR)
Sell Below
272.71
S1
272.00
S2
271.25
S3
269.92
Stop Loss
273.56
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.
