Commodity Market Prediction for Tomorrow, 22 October 2026
- October 21, 2026
- Posted by: Ankit Jaiswal
- Category: Uncategorized
Nifty Commodities index at 8,951.30, down 0.98%. Five of six MCX contracts fell, while crude oil rose. Nifty 50 fell 0.34%. India VIX rose 6.16% to 15.68. Next session is tomorrow, Thursday 22 October.
Quick Answer
The commodity market prediction for tomorrow is cautious for tomorrow, 22 October 2026. The Nifty Commodities index fell 0.98 percent to 8,951.30 on Wednesday. On MCX, natural gas fell 2.33 percent, silver fell 1.33 percent, copper fell 0.92 percent, zinc fell 0.74 percent and gold fell 0.54 percent, while crude oil rose 1.82 percent.
This commodity market prediction for tomorrow follows a Wednesday, 21 October 2026 session in which the Nifty Commodities index fell 0.98 percent to 8,951.30, with natural gas, silver, copper, zinc and gold lower while crude oil rose.
Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, are tracking commodity market and global cues ahead of the session tomorrow, which falls on Thursday, 22 October 2026.
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What Wednesday Told Us
- The Nifty Commodities index closed at 8,951.30, down 0.98 percent on 21 October 2026.
- Natural gas, silver, copper, zinc and gold fell on MCX, while crude oil rose.
- The broader Nifty 50 fell 0.34 percent and India VIX rose 6.16 percent to 15.68.
Commodity Market Prediction for Tomorrow: Key Levels
The Nifty Commodities index traded between 8,889.00 and 9,113.00 on Wednesday, against a previous close of 9,039.85, and settled at 8,951.30. On the downside, 8,889.00 is the first reference level to watch if the day’s move is tested. On the upside, 9,039.85 and 9,113.00 mark the nearest resistance. Univest’s analysts treat these as reference points drawn from Wednesday’s trading range, not as targets.
| Trend | Support | Resistance |
|---|---|---|
| Negative | 8,889.00 | 9,039.85, 9,113.00 |
The snapshot below shows the six MCX contracts we track, using Wednesday’s last traded prices. MCX trades into the evening, so prices can differ later. Gold Rs 145,733 (-0.54%), Silver Rs 208,663 (-1.33%), Crude Oil Rs 9,480 (+1.82%), Natural Gas Rs 276.60 (-2.33%), Copper Rs 1,385.80 (-0.92%), Zinc Rs 421.10 (-0.74%).
For traders, this commodity market prediction for tomorrow is a framework for planning risk, with position size and stop levels left to the individual.
Key Drivers for Tomorrow
- Natural gas, silver, copper, zinc and gold all fell on MCX, with natural gas the weakest at 2.33 percent.
- Crude oil rose 1.82 percent, the only contract we track that gained.
- The Nifty Commodities index fell 0.98 percent to 8,951.30, a broad gauge of commodity-linked equities.
Ankit Jaiswal and Kunal Singla suggest revisiting this commodity market prediction for tomorrow after the first thirty minutes of Thursday’s trade.
Anyone following this commodity market prediction for tomorrow should keep the next session’s opening range in view before reading too much into early moves.
What to Watch Alongside Commodity Market
Reliance Industries and Oil and Natural Gas Corporation are the most direct large-cap links to crude and gas. Reliance rose 0.58 percent and ONGC rose 0.28 percent on Wednesday, in line with firmer crude. Nifty Metal fell 1.71 percent.
How Wednesday’s Broader Session Unfolded
The Nifty 50 closed at 22,811.35, down 0.34 percent, with a high of 23,120.90 and a low of 22,649.90. The Sensex closed at 73,709.69, down 0.19 percent, and the Bank Nifty closed at 54,976.90, down 0.92 percent. India VIX, the market’s fear gauge, rose 6.16 percent to 15.68, which points to wider expected swings in the near term. Wednesday was the first session after Tuesday’s Dussehra holiday and followed Monday’s 1.11 percent fall. The Nifty 50 recovered from an intraday low of 22,649.90, with Nifty IT up 2.88 percent offsetting falls of 1.71 percent in Nifty Metal and 1.54 percent in Nifty Auto. The trigger for the broad move was not independently confirmed.
Univest’s analysts suggest treating this commodity market prediction for tomorrow as a preparation note for Thursday, 22 October 2026, rather than a signal that changes overnight.
Analyst View for Tomorrow
Kunal Singla suggests that the broad fall across five of six contracts, against a strong crude oil, makes the picture cautious rather than uniformly weak.
Ankit Jaiswal flags that crude oil’s 1.82 percent gain could cushion energy-linked equities even as metals and gas stay weak.
This commodity market prediction for tomorrow will be most useful when read alongside the support and resistance table above.
Why This Is Written for Tomorrow
This commodity market prediction for tomorrow is written after the close on Wednesday, 21 October 2026, using Wednesday’s closing data, for the next trading session on Thursday, 22 October 2026. Treat it as a briefing to prepare for that session, not a live call that updates through the evening.
MCX futures trade into Wednesday night, so global moves late on Wednesday can shift Thursday’s opening price.
A fair reading of this commodity market prediction for tomorrow is that Wednesday’s data sets the context, while Thursday’s first hour decides how much of it carries forward.
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Risks to This Prediction
- A reversal in the US Dollar Index could change the tone for bullion and metals.
- A fall in crude overnight would remove the one bright spot.
- A rebound in natural gas after a 2.33 percent fall is possible.
Readers comparing views should note that this commodity market prediction for tomorrow draws only on Wednesday’s closing numbers and the factors listed here.
As with any commodity market prediction for tomorrow, the opening minutes of Thursday’s trade will confirm or challenge the levels discussed here.
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The commodity market prediction for tomorrow also depends on India VIX, so a fresh rise in volatility would weaken the case made here.
Conclusion
The commodity market prediction for tomorrow leans cautious into 22 October 2026, with global cues and the US Dollar Index as the key variables to track. Ankit Jaiswal and Kunal Singla will revisit this view once Thursday’s opening trade confirms direction.
Disclaimer: Investments in securities are subject to market risk. Read all related documents carefully before investing. The information provided here is for educational purposes only and does not constitute investment advice. Univest is a SEBI-registered investment adviser (Registration No. INH000013776). Past performance is not indicative of future returns.
Frequently Asked Questions
What is the commodity market prediction for tomorrow?
Ans. It is cautious for 22 October 2026, with five of six MCX contracts lower and commodity equities down after Wednesday’s session.
Why is this a prediction for tomorrow, 22 October 2026?
Ans. Because it is written after the close on Wednesday, 21 October 2026, for the next regular trading session on Thursday, 22 October 2026.
What drove the commodity market on Wednesday?
Ans. Five of six contracts fell, led by natural gas and silver, while crude oil rose. The specific triggers were not independently confirmed.
Which commodities are weakest going into tomorrow?
Ans. Natural gas, silver and copper were the weakest on Wednesday, based on MCX futures, while crude oil was the only gainer.
Is this a buy or sell call?
Ans. No. This is an educational outlook from Univest’s research team, not a buy or sell call. Traders should check any view against their own risk plan before acting.
