Commodity Update (30th Sep 2026)

Commodity Levels:

Evening Commodity Trading Guide 30^th Sept 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 ₹1,51,000 – ₹1,53,000, while the primary support zone lies between ₹1,49,000 – ₹1,47,000. Technical analysis indicates that bounce is seen from lower levels, it may continue showing positive momentum if it breaches the resistance 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 Sentiment profile as price action trades beneath immediate resistance barriers. Resistance is identified near $4,220 – $4,280, while key underlying support levels are seen near $4,160 – $4,110.

Overall View: Gold has transitioned into a sideways consolidation phase following a rebound from lower support zones. Tactical traders should watch for a decisive momentum breakout above overhead resistance boundaries, while strategic investors can continue phased, dollar-cost averaging on price dips.

Silver Technical Outlook

MCX Silver (Dec): Mirroring international benchmark price weakness, the active December contract continues to face downside pressure near key structural thresholds, keeping sentiments in line with COMEX. Technical resistance stands at ₹2,28,000 – ₹2,32,000, with support expected near ₹2,24,500 – ₹2,20,500. Technical analysis suggests trading in range bounce can be seen from lower level and selling pressure near resistance level but a bearish bias is still here if breaches the support zone weakness can continue. 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 Sideways to Bearish Sentiment setup. Overhead resistance levels are placed at $61.80 – $63, while key support buffers are likely established around $60 – $58.50.

Overall View: Silver presents a range-bound technical layout with an underlying bearish bias. Selling interest is expected near resistance limits, while tight risk controls remain necessary as a breakdown below primary support could extend weakness.

Crude Oil Technical Outlook

MCX Crude Oil (Oct): Trading in line with International NYMEX Spot prices, the October contract displays range-bound consolidation with restricted upside momentum. Technical resistance is positioned at ₹8,750 – ₹8,900, while immediate support rests between ₹8,550 – ₹8,380. Technical analysis suggests selling pressure may arise at higher levels and bounce can be seen from support levels Stuck in Range so stay cautious. Furthermore, traders should remain extra cautious, as heightened volatility persists amid ongoing geopolitical tensions.

NYMEX WTI Crude Oil (Spot): Spot Crude Oil carries a Sideways Sentiment profile as upside momentum attempts to stabilize above key moving averages. Resistance stands at $91 – $93, while key support levels are seen between $89 – $87.

Overall View: Crude oil remains confined within a defined two-way range. Expect capped gains near overhead resistance and responsive technical buying near support levels, with strict risk management required due to ongoing geopolitical risks.

Zinc Technical Outlook

MCX Zinc (Oct): Directly tracking global trend, the active October contract experiences minor near-term consolidation within a broader range-bound structure. Technical resistance is positioned at ₹424 – ₹428, while key support underpins price action between ₹419 – ₹414.50. Technical analysis indicates may see an up move after sustaining above the resistance zone. Nevertheless, traders should remain extra cautious, as heightened volatility persists amid ongoing geopolitical tensions.

LME Zinc (Spot): LME Zinc holds a Sideways Sentiment profile as price action consolidates between well-defined parameters. Overhead resistance stands between $3,880 – $3,925, while key support levels are established between $3,820 – $3,775.

Overall View: Zinc maintains a balanced sideways neutral structure. Sustained trading above upper resistance boundaries will be crucial to unlock further bullish momentum.

Commodities: Pivot Table

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