CRUDEOIL
Wednesday 10 December, 2025
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.
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
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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
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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
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.
Buy Above: 425 | Targets: 435 – 445 | Stop-Loss: 417
Sell Below: 417 | Targets: 405 – 395 | Stop-Loss: 425
Click here to view PDF
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
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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.
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