Commodity Market Prediction for Tomorrow: MCX Outlook for 18 August 2026

MCX commodity market on 17 Aug: Gold +0.46%, Silver +0.57%, Crude Oil +1.00%, Copper +1.13%, Zinc +0.31%, Natural Gas -3.26%. VIX: 11.36.

The commodity market prediction for tomorrow covers a diverse set of MCX contracts that closed in contrasting directions on 17 August 2026. Crude Oil led gains at +1.00%, Copper advanced 1.13%, Gold rose 0.46%, Silver gained 0.57%, and Zinc edged up 0.31%. Only Natural Gas bucked the trend, falling 3.26%. Ankit Jaiswal, Research Analyst at Univest, notes that this divergence in the commodity market prediction for tomorrow reflects different supply-demand drivers across commodity classes.

Kunal Singla, Research Analyst at Univest, observes that the commodity market prediction for tomorrow is shaped by two overarching themes: geopolitical supply risk (supporting crude oil and precious metals) and industrial demand recovery (supporting copper and zinc). Natural gas faces headwinds from seasonality and above-average US storage levels. The commodity market prediction for tomorrow therefore calls for selective positioning rather than broad commodity exposure.

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Today’s Market Recap: Commodity Market on 17 August 2026

• MCX Precious Metals: Gold at Rs 1,53,893 (+0.46%) and Silver at Rs 2,37,269 (+0.57%). Safe-haven demand supported both in the commodity market prediction for tomorrow.
• MCX Energy: Crude Oil gained 1.00% to Rs 7,948 on Iran tensions, while Natural Gas fell 3.26% to Rs 255.10 on supply surplus in the commodity market prediction for tomorrow.
• MCX Base Metals: Copper surged 1.13% to Rs 1,393.90 and Zinc rose 0.31% to Rs 400.85, with Nifty Metal gaining 1.26% in equities.

Technical Analysis for Commodity Market Prediction for Tomorrow

Ankit Jaiswal’s commodity market prediction for tomorrow highlights different technical setups across MCX segments. For crude oil, the Rs 7,800 support and Rs 7,960 resistance define the range. For copper, support is at Rs 1,380 and resistance at Rs 1,401. For gold, the commodity market prediction for tomorrow sees support at Rs 1,52,500 and resistance at Rs 1,54,300.

Kunal Singla’s commodity market prediction for tomorrow for natural gas is bearish, with Rs 252 as critical support and Rs 261 as resistance. Zinc is rangebound at Rs 398 to Rs 403. Overall, the commodity market prediction for tomorrow favours long positions in crude oil and base metals while avoiding fresh longs in natural gas, unless RSI oversold levels trigger a bounce in the commodity market prediction for tomorrow.

Trend for 18 August 2026: Mixed: Bullish on Crude/Metals, Bearish on Natural Gas
Support: Varies by commodity | See individual articles
Resistance: Varies by commodity | See individual articles

Global Cues Affecting Commodity Market Prediction for Tomorrow

• US Markets (14 Aug close): Dow Jones at 53,732 (-0.20%), S&P 500 at 7,785 (-0.20%), Nasdaq at 26,729 (-0.30%). Weak retail sales data (-0.6% in July) and subdued University of Michigan consumer sentiment (51, below forecast 55) signal caution.
• Asian Markets: Japan’s Nikkei 225 gained 2.1% to 66,970 on Monday, providing a partially positive cue for Asian risk assets.
• Institutional Flows (14 Aug): FII were net buyers of Rs 508 Cr and DII were net buyers of Rs 356 Cr in the cash segment, reflecting continued institutional support for Indian equities.

Key Events for 18 August 2026

• MCX commodity options expiry for August contracts on 24 August 2026 approaches, increasing near-expiry volatility
• Global oil prices remain in focus amid ongoing Iran-Strait of Hormuz developments
• US Federal Reserve speakers scheduled this week may provide fresh clues on monetary policy direction
• Q1 FY27 corporate results season continues, with several mid and large-cap companies reporting on 18 August 2026

Related Instruments to Watch Tomorrow

Name	CMP (Rs)	Day Change	Key Level for Tomorrow
ONGC	238.49	+0.88%	Support: 236 | Resistance: 240
Hindustan Copper	572.65	+8.24%	Support: 555 | Resistance: 580
Hindustan Zinc	567.50	+1.00%	Support: 560 | Resistance: 576
Titan Company	4,089.80	~+0.42%	Support: 4,050 | Resistance: 4,130
Reliance Industries	1,316.00	+0.46%	Support: 1,298 | Resistance: 1,321

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Strategy for Commodity Market on 18 August 2026

• Focus on crude oil (long above Rs 7,800) and copper (long above Rs 1,380) for the bullish commodity market prediction for tomorrow
• Avoid fresh long positions in natural gas unless MCX Natural Gas reclaims Rs 258, given the bearish commodity market prediction for tomorrow for gas
• Gold and silver positions can be held with stops at Rs 1,52,500 and Rs 2,35,000 respectively as per the commodity market prediction for tomorrow
• Watch ONGC, Hindustan Copper, Hindustan Zinc, and Titan as equity barometers for the commodity market prediction for tomorrow

What Does Sentiment Indicate for Commodity Market Prediction for Tomorrow?

Sentiment in the tomorrow’s MCX commodity outlook is broadly positive for energy and base metals, driven by supply-side concerns and China demand recovery expectations. Ankit Jaiswal notes that the the commodity outlook for 18 August benefits from FII buying (Rs 508 Cr on 14 August) in India, which typically coincides with broad risk-on sentiment that supports commodity prices.

Kunal Singla observes that the Tuesday’s commodity market forecast carries a mixed tone because of the natural gas bearish divergence. However, the weight of evidence in the the MCX outlook for tomorrow favours selective long positions in precious metals, crude oil, and copper, while treating natural gas as a trading sell into bounces. The tomorrow’s commodity forecast will be updated by overnight developments in COMEX and MCX pre-market sessions.

Risks to Tomorrow’s Prediction

• A resolution of Iran-Strait of Hormuz tensions could sharply reverse the crude oil-driven bullishness in the the 18 August commodity outlook
• A strong US dollar rally would compress all dollar-denominated commodities and alter the tomorrow’s MCX commodity outlook
• Weak Chinese manufacturing data would pressure copper and zinc, dragging the the commodity outlook for 18 August toward the bearish side
• Near-month MCX expiry pressures (crude 19 Aug, options 24 Aug) may create unusual volatility in the Tuesday’s commodity market forecast

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Conclusion

The the MCX outlook for tomorrow, 18 August 2026, is bullish on crude oil (+1.00%), copper (+1.13%), gold (+0.46%), and silver (+0.57%), while bearish on natural gas (-3.26%). Ankit Jaiswal’s tomorrow’s commodity forecast favours selective long positions in energy and metals. Kunal Singla recommends watching the Rs 252 natural gas floor and Rs 7,800 crude oil support as the key risk levels in the the 18 August commodity outlook.

Traders should approach the tomorrow’s MCX commodity outlook with sector-specific strategies rather than broad commodity exposure. Download the Univest app for real-time MCX alerts and expert research on the the commodity outlook for 18 August for all segments.

Disclaimer: Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice. Univest Research Analyst Registration No. INH000013776.

Frequently Asked Questions

What is the Tuesday’s commodity market forecast, 18 August 2026?

Ans. The the MCX outlook for tomorrow is bullish for crude oil, copper, gold, and silver, and bearish for natural gas. MCX saw mixed performance on 17 August with commodities like Crude Oil (+1.00%) and Copper (+1.13%) leading, while Natural Gas fell 3.26%. Ankit Jaiswal’s tomorrow’s commodity forecast calls for selective positioning based on individual commodity fundamentals.

What are the key MCX support levels in the the 18 August commodity outlook?

Ans. The tomorrow’s MCX commodity outlook identifies: Gold support at Rs 1,52,500; Silver at Rs 2,35,000; Crude Oil at Rs 7,800; Copper at Rs 1,380; Natural Gas at Rs 252; and Zinc at Rs 398. These are the critical levels across the the commodity outlook for 18 August.

How do global cues affect the Tuesday’s commodity market forecast?

Ans. US markets fell 0.20% on weak retail sales and consumer sentiment data, providing safe-haven support for gold and silver in the the MCX outlook for tomorrow. Japan’s Nikkei gaining 2.1% supports risk-on for copper and crude oil in the tomorrow’s commodity forecast. Iran tensions specifically support crude oil in the the 18 August commodity outlook.

Which commodity is the best buy in the tomorrow’s MCX commodity outlook?

Ans. Based on the the commodity outlook for 18 August, crude oil (above Rs 7,800) and copper (above Rs 1,380) offer the clearest bullish setups. Gold and silver also show positive momentum. Natural gas is the weakest commodity in the Tuesday’s commodity market forecast and should be avoided on the long side.

Which commodity-linked stocks reflect the the MCX outlook for tomorrow?

Ans. The tomorrow’s commodity forecast is best reflected through ONGC and Reliance for crude, Hindustan Copper for copper, Hindustan Zinc for zinc, and Titan Company for gold and silver. These stocks provide equity-market access to the the 18 August commodity outlook during NSE and BSE trading hours.