TODAY'S SESSION RECAP
NatGas dominated MCX's final hour, surging ₹270.7/mmBtu (+2.23%) on weather forecast revisions signaling higher cooling demand across North America. Gold rallied alongside, closing ₹158010/10g (+2.43%) — the second-strongest performer — as softer US inflation expectations supported safe-haven demand. Silver (+1.97%) and crude (+0.83%) followed in sympathy. NatGas range of ₹10/mmBtu (₹265.3–₹274.9) reflected intraday volatility tied to storage data release timing. Currency steady at ₹95.74/USD provided no friction for rupee-denominated prices.
HOW MCX CLOSED VS THE DAY'S RANGE
NatGas closed ₹270.7 — mid-range, ₹4.2 below session high of ₹274.9 — indicating profit-taking into close but retaining most intraday gains. Gold closed ₹158010, only ₹190 below its ₹158200 high, reflecting bullish structure and conviction through the final bell. Both commodities avoided late fade, suggesting overnight strength into US session.
WHAT COMEX IS DOING NOW
COMEX Gold extends decisively at 4550.50 $/oz (+4.23%), outpacing MCX's INR-adjusted move — a bullish signal for tomorrow's MCX open. COMEX Silver at 65.94 $/oz (+3.13%) confirms precious metals momentum. WTI crude at 85.12 $/bbl (+0.21%) remains subdued; Henry Hub gas at 2.83 $/mmBtu (+1.98%) aligns with MCX NatGas strength. US session is confirming the precious metals rally; crude energy remains hesitant.
OVERNIGHT WATCH LIST
Gold: ₹158200 (R1 resistance — today's high) and ₹154531 (S1 support).
NatGas: ₹275 (R1 pivot) and ₹265 (S1 support) — watch for US EIA storage report.
Copper: ₹1373.5 (today's high) to confirm momentum.
Overnight watch: US crude inventory data (EIA release ~3:30 am IST Thursday) and NatGas storage update — storage draws on cooler forecasts could extend NatGas momentum into Thursday's MCX open.