TODAY'S SESSION RECAP
Energy dominated MCX today with crude oil and natural gas both posting gains. MCX Crude closed at ₹9270/bbl, up +1.69% on the day — the session's strongest performer — after trading a ₹427 range between ₹8900 and ₹9327. MCX Silver followed with +1.24% to ₹210920/kg, driven by broader precious metal strength across global markets. Supply tightness and weather-related production concerns supported the energy complex, while rupee stability at ₹95.18 helped transmit international gold and silver strength into domestic prices. Natural gas added +0.66% to ₹305.9/mmBtu. Copper was the sole underperformer, down -0.32% to ₹1399.4/kg on demand concerns.
HOW MCX CLOSED VS THE DAY'S RANGE
Crude closed at the upper end of its range — ₹9270 sat just 57 points below the session high of ₹9327, indicating bullish structure into the close. Silver showed similar strength, closing at ₹210920/kg just 579 points below its high of ₹211499, suggesting fresh buying sustained into the final minutes. Both commodities held gains into the MCX close, avoiding post-rally fades — a constructive signal for overnight momentum.
WHAT COMEX IS DOING NOW
COMEX is extending MCX's direction. Gold trades at 4181.90 $/oz (+1.80% today), silver at 57.36 $/oz (+3.26%), and WTI crude at 96.44 $/bbl (+1.42%). The US session is confirming the energy and precious metals rally — no divergence. This overnight strength leans bullish for tomorrow's MCX open across energy and metals.
OVERNIGHT WATCH LIST
Crude: Support at ₹8928 (S1); resistance at ₹9327 (day high). Silver: Resistance at ₹211499; support at ₹208259 (S1). NatGas: Monitor US crude inventory release (overnight US session) and weather forecasts for production impact.
Overnight watch: US crude inventory data release — any surprise build/draw will signal direction for tomorrow's MCX crude open.