COMMODITY MARKET (24th Sep 2026)

Evening Commodity Trading Guide 24^th Sept 2026

Gold Technical Outlook

MCX Gold (Oct): The domestic October contract reflects a muted to soft technical posture, keeping its sentiment in line with COMEX. Technical resistance is positioned at ₹1,51,200 – ₹1,52,800, while the primary support zone lies between ₹1,49,500 – ₹1,48,000. Chart setups indicate that weakness in prices can be seen but from lower levels buyers can be activated and we can see bounce but stay cautious. For strategic asset allocation, long-term investors can consider buying in small amounts on every dip to systematically build core holdings.

COMEX Gold (Spot): Spot gold exhibits a Sideways to Bearish Sentiment structure as downside risks persist beneath lower resistance bounds. Immediate resistance is identified near $4,280 – $4,320, while key underlying support levels are seen near $4,220 – $4,160.

Overall View: Gold remains under short-term corrective pressure within a broader sideways-to-bearish consolidation pattern. While tactical traders should respect lower resistance boundaries, value buyers and long-term investors can utilize price pullbacks toward key support levels for gradual accumulation.

Silver Technical Outlook

MCX Silver (Dec): Mirroring benchmark international price weakness, the active December contract trades near crucial support levels, keeping sentiments in line with COMEX. Technical resistance stands at ₹2,34,500 – ₹2,38,000, with support expected near ₹2,31,700 – ₹2,28,000. Technical analysis indicates weakness in prices can be seen but from lower levels buyers can be activated and we can see bounce but stay cautious. Concurrently, long-term investors can consider buying in small amounts on every dip to accumulate core long-term positions over time.

COMEX Silver (Spot): Spot silver carries a Sideways to Bearish Sentiment profile. Resistance levels are placed at $65 – $67.50, while primary support buffers are likely established around $62 – $60.

Overall View: Silver presents a vulnerable near-term chart layout with support retests underway. A disciplined approach with tight stop-losses is recommended for swing traders, while systematic dip-buying remains valid for long-term allocation.

Crude Oil Technical Outlook

MCX Crude Oil (Oct): Trading in line with International NYMEX Spot prices, the October contract is witnessing dynamic range-bound movements with overhead resistance intact. Technical resistance is positioned at ₹9,100 – ₹9,450, while primary support rests between ₹8,800 – ₹8,550. Chart setups suggest selling pressure may arise at higher levels and bounce can be seen from support levels. Furthermore, traders should remain extra cautious, as heightened volatility persists amid ongoing geopolitical tensions.

NYMEX WTI Crude Oil (Spot): Spot Crude Oil displays a Sideways Sentiment profile as price action consolidates between major technical boundaries. Resistance stands at $95 – $98, while key support levels are seen between $91.20 – $88.50.

Overall View: Crude oil has shifted into a two-way range-bound market structure. Expect selling pressure on rallies near upper resistance thresholds and responsive buying near lower support boundaries, with strict risk parameters warranted due to headline risks.

Zinc Technical Outlook

MCX Zinc (Oct): Directly tracking global trend, the active October contract maintains its steady constructive alignment. Technical resistance is positioned at ₹420 – ₹424, while primary support underpins price action between ₹416 – ₹412. Under this favorable trend framework, the core tactical stance remains Buy on Dips. Nevertheless, traders should remain extra cautious, as heightened volatility persists amid ongoing geopolitical tensions.

LME Zinc (Spot): LME Zinc holds a Sideways to Bullish Sentiment profile, supported by steady industrial consumption and supply-side dynamics. Overhead resistance stands between $3,900 – $3,950, while key support levels are established between $3,860 – $3,820.

Overall View: Zinc maintains a solid bullish-leaning bias. Minor price dips toward primary support buffers continue to offer favorable risk-reward entry opportunities for trend-following strategies.

Commodities: Pivot Table

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