TRIGGER — MCX Nat Gas has fallen 4.44% to ₹299/mmBtu while MCX Crude has simultaneously surged 3.90% to ₹9055/bbl, both breaching the Hawk-Scan 3% threshold in the same session.
PRICE — ₹299/mmBtu · ▼4.44% · PLUNGING | ₹9055/bbl · ▲3.90% · SURGING
SIGNAL — Henry Hub spot has declined to $3.12/mmBtu following above-consensus US storage injection data, while crude's rally reflects OPEC+ confirming an extension of existing output cuts through Q3 2026.
CROSS-ASSET — MCX Silver is down 3.86% to ₹2,41,449/kg while Brent crude surged to $97.49/bbl — a rare divergence with energy and precious metals moving in opposite directions simultaneously.
IMPORT COST — WTI $94.81 × ₹94.95 ÷ 159 × 1.025 = ₹58.05/litre crude import parity.
TECHNICAL — MCX Nat Gas is sitting exactly at the 20-day support of ₹299, with the 20-SMA at ₹306 now 2.3% overhead and the weekly low of ₹297 the next level below.
WATCH — US EIA Natural Gas Storage report (Thursday IST) — a second consecutive above-average injection would confirm the ₹297 weekly support as the next test level.