CrudeOil
Monday 1 December, 2025
Short term - Technical Outlook
MCX Crude Oil has bounced strongly from the 5,145 support zone, which has repeatedly acted as a demand area. The market is now heading toward a key resistance zone near 5,380–5,420. This level has been rejected multiple times, making it the nearest supply barrier. A breakout & close above 5,420 may trigger a stronger upside move toward 5,510-5,590. This level would confirm a trend shift from consolidation to bullish continuation. Neutral to Bullish bias as long as crude stays above 5,270. Breakout above 5,420 will be the trend changing trigger.
Short term Research Report Call
Buy Above: 5340 | Targets: 5370, 5420 | Stop-Loss: 5280
Sell Below: 5265 | Targets: 5235, 5200 | Stop-Loss: 5295
Short term Chart
Validity
18/12/2025
Pivot
5309.33
Buy Above
5320.53
R1
5335.93
R2
5352.03
R3
5380.73
Stop Loss
5316.33
Pivot
5309.33
(All values are in INR)
Sell Below
5298.13
S1
5282.73
S2
5266.63
S3
5237.93
Stop Loss
5302.33
Gold
Monday 1 December, 2025
Short term - Technical Outlook
Gold Futures previous uptrend channel was broken on the downside, shifting the trend from a strong bullish structure to range-bound consolidation. Price has formed a solid base around 1,20,300, which has acted as a reliable support level multiple times. Gold is now approaching the major resistance zone around 1,27,800 – 1,28,000, which previously triggered selling. If price breaks and sustains above 1,27,800–1,28,000, it may confirm a continuation of the upward momentum. A strong candle close above the resistance zone will validate the breakout.
Short term Research Report Call
Buy Above: 126800 | Targets: 127800, 128500 | Stop-Loss: 125900
Sell Below: 124400 | Targets: 123200, 121800 | Stop-Loss: 125300
Short term Chart
Validity
05/12/2025
Pivot
126455.00
Buy Above
126688.92
R1
127010.56
R2
127346.82
R3
127946.24
Stop Loss
126601.20
Pivot
126455.00
(All values are in INR)
Sell Below
126221.08
S1
125899.44
S2
125563.18
S3
124963.76
Stop Loss
126308.80
NaturalGas
Monday 1 December, 2025
Short term - Technical Outlook
Natural Gas Futures is in a rising channel, with price currently trading near the upper boundary of that channel around 426–430. Price has been respecting both the upper and lower trendlines. Bullish structure with higher highs and higher lows. Current position is near the upper resistance line, which often acts as a supply zone. However, candles near the top of the channel show some slowing momentum, which may indicate exhaustion. A strong close above 430–435 could signal a channel breakout, opening room for a larger bullish leg. A breakdown below 392 would end the rising channel and shift medium-term structure bearish.
Short term Research Report Call
Buy Above: 431 | Targets: 435, 438 | Stop-Loss: 428
Sell Below: 410 | Targets: 408, 406 | Stop-Loss: 412
Short term Chart
Validity
26/12/2025
Pivot
422.00
Buy Above
425.22
R1
429.64
R2
434.26
R3
442.50
Stop Loss
424.01
Pivot
422.00
(All values are in INR)
Sell Below
418.78
S1
414.36
S2
409.74
S3
401.50
Stop Loss
419.99
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.
