📘 eWaves Journal – Daily Market Update - 17 Dec 2025

Date: 17 Dec 2025
Theme: Structure intact | No change in primary view

---

🟡 GOLD (Spot + MCX) – Trend Holding Firm

Observation

• Price continues to respect the broader bullish structure.

• Consolidation after the previous impulse is healthy, not a sign of weakness.

• No breakdown of key support zones.

Structure

• Larger trend: Uptrend intact

• Current phase: Pause / consolidation within trend

• No invalidation levels breached.

Journal Note

No change from yesterday’s analysis. As long as price holds above the marked support band, the path of least resistance remains upward.

---

🛢️ CRUDE OIL (WTI / MCX) – Weakness Continues

Observation

• Price remains below the major resistance cluster.

• Repeated rejection confirms supply dominance.

• Momentum remains soft.

Structure

• Broader structure: Corrective / range-bound to weak

• No bullish confirmation yet.

Journal Note

Crude continues to struggle below resistance. Until a decisive reclaim happens, upside should be treated as corrective only.

---

💵 DXY (Dollar Index) – Pressure Sustained

Observation

• Dollar remains under pressure near the lower structure.

• No impulsive bounce yet.

• RSI remains below neutral → momentum favors weakness.

Structure

• Medium to long-term: Corrective / bearish bias

• Supports global commodities.

Journal Note

DXY weakness remains supportive for Gold and risk assets. No reason to change the broader view at this stage.

---

🔩 COPPER – Bullish Structure Holding

Observation

• Price continues to trade within the rising channel.

• Higher highs and higher lows intact.

• Pullbacks remain controlled.

Structure

• Trend: Bullish

• Current phase: Continuation

Journal Note

Copper remains one of the strongest structures among commodities. No signs of distribution yet.

---

📊 NIFTY – Consolidation Within Uptrend

Observation

• Index is digesting gains near resistance.

• No structural breakdown.

• Momentum neutral to mildly positive.

Structure

• Primary trend: Up

• Current phase: Sideways consolidation

Journal Note

This is a pause, not a reversal. Trend remains valid unless key supports fail.

---

🧠 Overall Journal Conclusion (Today)

• No structural changes across tracked instruments

• Yesterday’s roadmap remains valid

• Market is respecting levels, not reacting emotionally

Best action today: Observe, document, stay patient.