TODAY'S SESSION RECAP
MCX delivered broad metals strength Friday. NatGas led with +2.58% to ₹313.7/mmBtu, driven by Henry Hub strength at $3.20 (+0.92% live). Silver followed with +2.07% to ₹225820/kg, confirming a reflation bid across the complex. Gold added +1.27% to ₹151503/10g. Copper posted +1.41% to ₹1427.35/kg. Dollar weakness against INR (₹96.95) supported rupee-denominated commodity prices. COMEX Gold already +1.51% at $4219.90/oz signals momentum carries into US session.
HOW MCX CLOSED VS THE DAY'S RANGE
NatGas closed ₹313.7 near mid-range after trading ₹302.3–₹314.9. The contract held above the 20-day SMA of ₹301 but retreated from intraday high, showing minor profit-taking into close. Silver closed ₹225820 well below its ₹228697 five-day peak and intraday high of ₹226580, indicating a fade from resistance. Gold closed ₹151503 in the upper half of its ₹150654–₹151700 range—a bullish structure holding near highs.
WHAT COMEX IS DOING NOW
COMEX Gold extends MCX direction at $4219.90 (+1.51%), confirming overnight bid strength. COMEX Silver accelerates to $61.01 (+3.29%)—outpacing MCX's +2.07%, signaling fresh dollar weakness into the US session. WTI Crude holds modest gains at $91.63 (+0.15%), lacking momentum. The US session is confirming metals bullishness but showing caution in energy—a mixed overnight signal.
OVERNIGHT WATCH LIST
Monitor NatGas at ₹315 resistance (day's high); a break confirms $3.20+ Henry Hub carry-through. Silver needs to reclaim ₹226208 (R1) to avoid retesting 20d SMA of ₹230594 downside. Gold holds ₹151700 support (today's high).
Overnight watch: US crude inventory data (EIA release Sunday evening IST) and Henry Hub settlement—if Henry Hub closes above $3.25, NatGas may gap up past ₹315 at tomorrow's MCX open.