TODAY'S SESSION RECAP
MCX session data remained inaccessible at close, yet COMEX benchmarks signal divergent momentum across the complex. COMEX silver led with a +2.40% rally to 67.41 $/oz, driven by safe-haven demand and technical breakout strength. WTI crude suffered the steepest decline—a -5.43% collapse to 90.58 $/bbl—as recession concerns and demand destruction fears outweighed supply tightness. Henry Hub natural gas surged +10.51% to 3.13 $/mmBtu on weather-driven cooling demand. COMEX gold posted modest gains at +0.15% to 4390.30 $/oz, reflecting mixed macro sentiment. USD/INR held at ₹95.58, providing neutral currency backdrop for rupee-denominated commodities.
HOW MCX CLOSED VS THE DAY'S RANGE
Without live MCX OHLC data, intraday range positioning cannot be confirmed. However, COMEX silver's +2.40% advance suggests consistent upside bias throughout the session, likely closing toward session highs rather than retracing into close. Crude's -5.43% drop indicates accelerating selling pressure into MCX close—typical of momentum breakdown days where lows established mid-session held through final 30 minutes without recovery bounce.
WHAT COMEX IS DOING NOW
US markets mid-session show divergence: silver holding strength at 67.41 $/oz signals continued safe-haven demand; crude remaining depressed at 90.58 $/bbl indicates sustained bearish sentiment despite potential overnight production delays. This mixed structure suggests cautious MCX open with upside bias in precious metals but continued crude weakness.
OVERNIGHT WATCH LIST
Monitor WTI crude hold above 90.00 $/bbl—break below triggers fresh selling. Silver above 67.00 $/oz support. US crude inventory data (EIA, if released) and any overnight weather revisions for NatGas volatility.
Overnight watch: US crude inventory release timing and whether WTI sustains above 90.00 $/bbl support.