CrudeOil
Friday 1 August, 2025
Crude Oil has sustained above the breakout zone of 5,914 and continues to trade inside a rising wedge pattern, approaching its upper boundary. The price faced mild rejection near 6,090, signaling some supply pressure at higher levels.Momentum remains bullish, but unless 6,200 is cleared decisively with volume, further upside may pause. The zone between 6,370 and 6,465 remains a major supply area, where selling has occurred in the past.Immediate support lies at 5,914, and a breakdown below 6,115 may invite short-term profit booking. Price remains in an overall upward channel unless it breaks down below 5,786.
Short term Research Report Call
Buy Above: 6,200 | Targets: 6,280 , 6,375 , 6,460 | Stop-loss: 6,110
Sell Below: 6,110 | Targets: 5,986 , 5,915 , 5,786 | Stop-loss: 6,200
Short term Chart
Validity
14/08/2025
Pivot
54.93
Buy Above
59.91
R1
66.75
R2
73.90
R3
86.66
Stop Loss
58.04
Pivot
54.93
(All values are in INR)
Sell Below
49.96
S1
43.12
S2
35.96
S3
23.21
Stop Loss
51.82
Gold
Friday 1 August, 2025
Gold Futures have moved upward after bouncing from support near 97,680 and are now testing the key resistance zone at 98,850–99,000. Price action is showing hesitation, indicating strong supply pressure around this zone.
If the price breaks above 98,930 with strong volume, it may confirm a bullish breakout toward higher targets. However, failure to break convincingly may result in a correction back to trendline and support areas.
The rising trendline (black) provides dynamic support. If 98,390 breaks, then further downside may open toward 97,680–97,151 again.
Short term Research Report Call
Buy Above: 98,930 | Targets: 99,350, 99,750 , 1,00,000 | Stop-loss: 98,600
Sell Below: 98,390 | Targets: 97,680 , 97,151 , 96,000 | Stop-loss: 98,800
Short term Chart
Validity
05/08/2025
Pivot
98160.67
Buy Above
98255.87
R1
98386.77
R2
98523.62
R3
98767.57
Stop Loss
98220.17
Pivot
98160.67
(All values are in INR)
Sell Below
98065.47
S1
97934.57
S2
97797.72
S3
97553.77
Stop Loss
98101.17
Natural Gas
Friday 1 August, 2025
Natural Gas Futures rebounded strongly from the support zone near 266.7, which aligns with the previous rejection zone. The price broke back into the 271.2–272.5 band, which previously acted as a resistance zone and now flips to support.
Upward momentum is visible, but the overall trend remains under a descending resistance line, with a major supply zone between 277.5–278. Unless the price breaks and sustains above 277.5 with volume, upside is likely to remain capped.
A successful retest and hold of 271.2 can offer fresh long entries, but a break below 266.7 may open downside toward 261.
Short term Research Report Call
Buy Above: 272.5| Targets: 277.5 , 278 | Stop-loss: 270
Sell Below: 266.7 | Targets: 269 , 261, 257 | Stop-loss: 269
Short term Chart
Validity
28/07/2025
Pivot
263.10
Buy Above
264.94
R1
267.47
R2
270.12
R3
274.83
Stop Loss
264.25
Pivot
263.10
(All values are in INR)
Sell Below
261.26
S1
258.73
S2
256.09
S3
251.37
Stop Loss
261.95
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.
