MCX GOLD₹1,53,346+0.50%MCX SILVER₹2,40,676+0.52%MCX CRUDE₹8992.00+2.95%MCX COPPER₹1410.20-0.17%MCX NAT GAS₹274.70+0.15%USD / INR₹95.11+0.28%COMEX GOLD$4,445+1.17%WTI CRUDE$94.60+1.69%MCX GOLD₹1,53,346+0.50%MCX SILVER₹2,40,676+0.52%MCX CRUDE₹8992.00+2.95%MCX COPPER₹1410.20-0.17%MCX NAT GAS₹274.70+0.15%USD / INR₹95.11+0.28%COMEX GOLD$4,445+1.17%WTI CRUDE$94.60+1.69%
MCX GOLD₹1,53,346+0.50%MCX SILVER₹2,40,676+0.52%MCX CRUDE₹8992.00+2.95%MCX COPPER₹1410.20-0.17%MCX NAT GAS₹274.70+0.15%
as of 2026-09-09 14:34 IST
BhaavBrief
India's First Commodity Intelligence · Est. 2026

Wednesday, 9 September 2026

bhaavbrief.in

energyFlash

MCX Crude Rallies +2.19% on Sustained Recovery Momentum

Source: BhaavBrief Intelligence
MCX Crude Rallies +2.19% on Sustained Recovery Momentum

WHAT HAPPENED MCX Crude reached 8952 INR/bbl at 14:28 IST, posting a +2.19% gain and extending the multi-leg recovery sequence that began at 21:26 IST yesterday from 7918 INR/bbl. The move sustains upside momentum logged at 22:58 IST (8501 INR/bbl, +4.32%) and 14:15 IST (8348 INR/bbl, +2.44%). USD/INR strength at 94.85 INR (+0.30%) provides supporting tailwinds alongside broad commodity recovery; copper +0.82% and natural gas +0.57%.

WHAT IT MEANS Crude's breach above 8900 INR/bbl signals sustained conviction in the recovery structure. For MCX futures traders, the sustained three-leg rally from 7918 INR/bbl (yesterday 21:26 IST) now establishes a fresh intraday high, reducing pullback risk. Rupee weakness (94.85) amplifies commodity denominated in INR. Positioning should respect the uptrend until the next inflection point is defined.

WHAT TO WATCH The 9000 INR/bbl round-number resistance is now in play. A decisive breach above this level would confirm trend acceleration; failure to hold would test support at the 8712 INR/bbl high logged at 18:17 IST yesterday.

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