Commodity Market (13th Oct 2026)

Commodity Levels:

Evening Commodity Trading Guide 13^th Oct 2026

Gold Technical Outlook

MCX Gold (Dec): The domestic December contract reflects an ongoing corrective posture, keeping its sentiment in line with COMEX. Technical resistance is positioned at ₹1,50,000 – ₹1,51,200, while the primary support zone lies between ₹1,48,800 – ₹1,47,900. Technical analysis indicates that weakness in prices can continue if they breach the support zone. For strategic long-term allocation, long-term investors can consider buying in small amounts on every dip to systematically accumulate positions.

COMEX Gold (Spot): Spot gold displays a Sideways to Bearish Sentiment profile as price action trades beneath immediate resistance barriers. Resistance is identified near $4,200 – $4,230, while key underlying support levels are seen near $4,150 – $4,125.

Overall View: Gold remains in a sideways-to-bearish consolidation pattern. Price action continues to test key support bounds, where a structural breakdown could trigger further selling pressure. Strategic investors may continue phased, dollar-cost averaging on dips, while short-term traders should exercise caution near support floors.

Silver Technical Outlook

MCX Silver (Dec): Mirroring international benchmark price weakness, the active December contract continues to face downside pressure, keeping sentiments in line with COMEX. Technical resistance stands at ₹2,24,000 – ₹2,27,000, with support expected near ₹2,20,000 – ₹2,18,000. Technical analysis suggests weakness in prices can continue if they breach the support zone. Simultaneously, long-term investors can consider buying in small amounts on every dip to build core long-term allocations.

COMEX Silver (Spot): Spot silver exhibits a Bearish Sentiment setup. Overhead resistance levels are placed at $60.70 – $61.50, while support is likely established around $59.50 – $58.50.

Overall View: Silver maintains a distinct bearish structure with downside risks remaining active. Breaching primary lower support limits could accelerate the ongoing corrective move, making strict stop-loss discipline essential for near-term positions.

Crude Oil Technical Outlook

MCX Silver (Dec): Mirroring international benchmark price weakness, the active December contract continues to face downside pressure, keeping sentiments in line with COMEX. Technical resistance stands at ₹2,24,000 – ₹2,27,000, with support expected near ₹2,20,000 – ₹2,18,000. Technical analysis suggests weakness in prices can continue if they breach the support zone. Simultaneously, long-term investors can consider buying in small amounts on every dip to build core long-term allocations.

COMEX Silver (Spot): Spot silver exhibits a Bearish Sentiment setup. Overhead resistance levels are placed at $60.70 – $61.50, while support is likely established around $59.50 – $58.50.

Overall View: Silver maintains a distinct bearish structure with downside risks remaining active. Breaching primary lower support limits could accelerate the ongoing corrective move, making strict stop-loss discipline essential for near-term positions.

Aluminium Technical Outlook

MCX Aluminium (Oct): Directly tracking global trend, the active October contract experiences near-term consolidation within a broader range-bound structure. Technical resistance is positioned at ₹330 – ₹334.50, while key support underpins price action between ₹323 – ₹316. Technical analysis indicates selling pressure is seen, and it can continue if the support zone is breached. Nevertheless, traders should remain extra cautious, as heightened volatility persists amid ongoing geopolitical tensions.

LME Aluminium (Spot): LME Aluminium holds a Bearish Sentiment profile as price action consolidates between well-defined parameters. Overhead resistance stands between $3,070 – $3,090, while key support levels are established between $3,015 – $2,980.

Overall View: Aluminium trades with a distinct downward tilt within its consolidation structure. A breakdown below primary support bounds may prolong downside pressure, warranting heightened caution and strict risk controls.

Commodities: Pivot Table

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