CRUDEOIL
Friday 26 December, 2025
Technical Outlook – Crude Oil Futures
Crude Oil Futures continue to trade within a broader corrective structure after a prolonged downtrend, with price recently rebounding from the major demand zone near 5,010–5,050. The recovery has pushed prices back above the falling trendline support-turned-resistance area, indicating short-term relief buying; however, the overall structure remains range-bound and vulnerable near overhead supply. The 5,300–5,330 zone is acting as an immediate resistance cluster, aligned with prior consolidation and the descending trendline, where selling pressure may re-emerge. A sustained move above 5,330 would improve the short-term outlook and open room for a recovery toward 5,430, followed by 5,600. On the downside, 5,150–5,120 remains the key support band, and any failure to hold this zone could drag prices back toward the 5,010 base. Until a decisive breakout occurs, Crude Oil is likely to remain volatile within this defined range, favoring level-based trades rather than aggressive trend positions.
Short-Term Research Report Call
Buy Above: 5,330 | Targets: 5,430 – 5,560 | Stop-Loss: 5,240
Sell Below: 5,120 | Targets: 5,050 – 4,980 | Stop-Loss: 5,210
Click here to view PDF
Validity
18/12/2025
Pivot
5223.67
Buy Above
5235.99
R1
5252.93
R2
5270.64
R3
5302.21
Stop Loss
5231.37
Pivot
5223.67
(All values are in INR)
Sell Below
5211.35
S1
5194.41
S2
5176.70
S3
5145.13
Stop Loss
5215.97
GOLD
Friday 26 December, 2025
Technical Outlook – Gold Futures
Gold Futures continue to maintain a strong bullish structure, trading within an upward-sloping channel after a successful trend reversal from the earlier corrective phase. Price has decisively moved above the previous consolidation zone and is now sustaining near the upper boundary of the rising channel around 138,000–138,300, indicating healthy momentum and controlled consolidation at higher levels. This price behavior suggests accumulation rather than distribution. The immediate support is placed near 136,800–137,200, aligned with the lower channel support and prior breakout base. As long as Gold holds above this zone, the broader trend remains firmly positive. A sustained breakout above 138,500 could open the path toward 140,000 and 142,000 in the near term. Any failure to hold 136,800 may invite a deeper pullback toward 135,200, though the overall bias remains bullish unless the rising channel is decisively broken.
Short-Term Research Report Call
Buy Above: 138,500 | Targets: 140,000 – 142,000 | Stop-Loss: 136,800
Sell Below: 136,800 | Targets: 135,200 – 133,800 | Stop-Loss: 138,600
Click here to view PDF
Validity
05/02/2026
Pivot
133720.00
Buy Above
134198.08
R1
134855.44
R2
135542.68
R3
136767.76
Stop Loss
134018.80
Pivot
133720.00
(All values are in INR)
Sell Below
133241.92
S1
132584.56
S2
131897.32
S3
130672.24
Stop Loss
133421.20
NATURAL GAS
Friday 26 December, 2025
Technical Outlook – Natural Gas Futures
Natural Gas Futures remain under corrective pressure after breaking down from the earlier rising channel, indicating a shift from bullish momentum to a volatile consolidation phase. The sharp sell-off from the 470–490 zone formed a strong bearish leg, followed by a rebound from the major demand area near 345–350. The recent pullback from higher levels suggests that the recovery is facing supply pressure around 400–410, which coincides with a prior breakdown zone and acts as a critical resistance. As long as prices remain below this resistance band, the broader bias stays cautious to bearish. On the downside, 360–350 continues to be the key support region; a sustained break below this zone could reopen downside risk toward 335–320. A decisive close above 410 would be required to confirm trend reversal and open the path toward 430–450. Until then, Natural Gas is likely to remain range-bound with high volatility, favoring short-term, level-based trading.
Short-Term Research Report Call
Buy Above: 410 | Targets: 425 – 445 | Stop-Loss: 395
Sell Below: 350 | Targets: 335 – 320 | Stop-Loss: 365
Click here to view PDF
Validity
26/12/2025
Pivot
377.27
Buy Above
380.00
R1
383.76
R2
387.70
R3
394.71
Stop Loss
378.98
Pivot
377.27
(All values are in INR)
Sell Below
374.53
S1
370.77
S2
366.84
S3
359.82
Stop Loss
375.56
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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