Commodity Market Prediction for Monday, 26 October 2026

October 23, 2026
Posted by: Ankit Jaiswal
Category: Uncategorized

Nifty Commodities index at 8,792.30, down 1.41%. Three of six MCX contracts fell, while crude oil rose. Nifty 50 fell 0.39%. India VIX rose 6.98% to 16.86. Next session is Monday, 26 October.

Quick Answer

The commodity market prediction for monday is cautious for Monday, 26 October 2026. The Nifty Commodities index fell 1.41 percent to 8,792.30 on Friday. On MCX, silver fell 1.93 percent, natural gas fell 1.44 percent and gold fell 0.37 percent, while crude oil rose 1.32 percent, zinc rose 0.51 percent and copper rose 0.37 percent.

This commodity market prediction for monday follows a Friday, 23 October 2026 session in which the Nifty Commodities index fell 1.41 percent to 8,792.30, with silver, natural gas and gold lower on MCX while crude oil, zinc and copper rose.

Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, are tracking commodity market and global cues through the weekend, with the next trading session on Monday, 26 October 2026.

Click Here – Get Free Investment Predictions

Table of Contents

What Friday Told Us

The Nifty Commodities index closed at 8,792.30, down 1.41 percent on 23 October 2026.
Silver, natural gas and gold fell on MCX, while crude oil, zinc and copper rose.
The broader Nifty 50 fell 0.39 percent and India VIX rose 6.98 percent to 16.86.

Commodity Market Prediction for Monday: Key Levels

The Nifty Commodities index traded between 8,665.65 and 8,893.00 on Friday, against a previous close of 8,917.60, and settled at 8,792.30. On the downside, 8,665.65 is the first reference level to watch if the day’s move is tested. On the upside, 8,893.00 and 8,917.60 mark the nearest resistance. Univest’s analysts treat these as reference points drawn from Friday’s trading range, not as targets.

Trend	Support	Resistance
Negative	8,665.65	8,893.00, 8,917.60

The snapshot below shows the six MCX contracts we track, using Friday’s last traded prices. MCX trades into the evening, so prices can differ later. Gold Rs 142,778 (-0.37%), Silver Rs 195,750 (-1.93%), Crude Oil Rs 9,609 (+1.32%), Natural Gas Rs 300.60 (-1.44%), Copper Rs 1,367.80 (+0.37%), Zinc Rs 417.15 (+0.51%).

For traders, this commodity market prediction for monday is a framework for planning risk, with position size and stop levels left to the individual.

Key Drivers for Monday

Silver, natural gas and gold fell on MCX, with silver the weakest at 1.93 percent.
Crude oil rose 1.32 percent, the strongest of the three contracts that gained.
The Nifty Commodities index fell 1.41 percent to 8,792.30, a broad gauge of commodity-linked equities.

Ankit Jaiswal and Kunal Singla suggest revisiting this commodity market prediction for monday after the first thirty minutes of Monday’s trade.

Anyone following this commodity market prediction for monday should keep the next session’s opening range in view before reading too much into early moves.

Nothing in this commodity market prediction for monday is a promise of returns, and every level quoted can fail.

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 0.46 percent and ONGC rose 1.11 percent on Friday, in line with crude. Nifty Metal fell 2.71 percent, even as copper and zinc rose.

How Friday’s Broader Session Unfolded

The Nifty 50 closed at 22,600.00, down 0.39 percent, with a high of 22,787.25 and a low of 22,372.00. The Sensex closed at 73,123.83, down 0.17 percent, and the Bank Nifty closed at 54,287.35, down 1.16 percent. India VIX, the market’s fear gauge, rose 6.98 percent to 16.86, which points to higher expected swings in the near term. The Nifty 50 has fallen about 2.4 percent over the holiday-shortened week from last Friday’s close of 23,146.15. The Nifty Midcap 50 fell 2.10 percent and the Nifty Next 50 fell 2.26 percent, so selling was heavier outside the Nifty 50. Nifty Metal fell 2.71 percent and Nifty PSU Bank fell 2.26 percent, while Nifty IT fell 0.27 percent. The trigger for the broad fall was not independently confirmed.

Univest’s analysts suggest treating this commodity market prediction for monday as a preparation note for Monday, 26 October 2026, rather than a signal that changes over the weekend.

Analyst View for Monday

Kunal Singla suggests that the split, with three contracts lower and three higher, and commodity equities down 1.41 percent, makes the picture cautious rather than uniformly weak.

Ankit Jaiswal flags that commodity equities fell more than the average of the six MCX contracts, so the equity side was weaker than the contracts.

This commodity market prediction for monday will be most useful when read alongside the support and resistance table above.

Why This Is Written for Monday

This commodity market prediction for monday is written after the close on Friday, 23 October 2026, using Friday’s closing data, for the next regular trading session on Monday, 26 October 2026. Indian equity markets are closed on Saturday, 24 October, and Sunday, 25 October, so Friday’s closing prices remain the last cash-market data until trading resumes on Monday. Treat it as a briefing to prepare for that session, not a live call that updates over the weekend.

MCX futures trade late into Friday night and then pause for the weekend, so global moves after Friday’s close can open Monday with a gap.

A fair reading of this commodity market prediction for monday is that Friday’s data sets the context, while Monday’s first hour decides how much of it carries forward.

Explore Univest Screeners for More Trade Ideas

Risks to This Prediction

A reversal in the US Dollar Index could change the tone for bullion and metals.
A fall in crude when trading resumes would remove one of the few bright spots.
Equity weakness in metals and commodity-linked stocks could continue even if MCX base metals hold.

Readers comparing views should note that this commodity market prediction for monday draws only on Friday’s closing numbers and the factors listed here.

As with any commodity market prediction for monday, the opening minutes of Monday’s trade will confirm or challenge the levels discussed here.

Download the Univest iOS App or Univest Android App to get daily market recommendations and insightful research pieces.

The commodity market prediction for monday also depends on India VIX, so a fresh rise in volatility would weaken the case made here.

Conclusion

The commodity market prediction for monday leans cautious into 26 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 Monday’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 monday?

Ans. It is cautious for 26 October 2026, with three of six MCX contracts lower and commodity equities down after Friday’s session.

Why is this a prediction for Monday, 26 October 2026?

Ans. Because Indian equity markets are closed on Saturday and Sunday, so the next regular trading session after Friday, 23 October 2026, is Monday, 26 October 2026.

What drove the commodity market on Friday?

Ans. Three of six contracts fell, led by silver, while crude oil, zinc and copper rose. The specific triggers were not independently confirmed.

Which commodities are weakest going into Monday?

Ans. Silver, natural gas and gold were the weakest on Friday, based on MCX futures, while crude oil was the strongest 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.

Commodity Market MCX

Author: Ankit Jaiswal

Ankit Jaiswal is the Senior Research Analyst at Univest, leading the platform's in-house equity research desk and serving as the editorial reviewer for all research and blog content published at univest.in. With 11+ years of experience in Indian equity markets, he oversees stock recommendations, earnings analysis, sector coverage, and ensures every published article meets SEBI Research Analyst Regulations. He holds a Bachelor of Commerce (B.Com) from St. Xavier's College, Kolkata — one of India's most prestigious commerce institutions — and has cleared CMT Level 2 from the CMT Association, a globally recognised certification in technical analysis and market research. His research methodology combines fundamental analysis (earnings quality, balance sheet strength, management commentary) with advanced technical analysis (chart patterns, momentum indicators, market structure) — giving Univest's retail investors a dual-lens approach that most Indian research platforms lack. Ankit is among the most comprehensively certified analysts in Indian financial media, holding five NISM certifications: Series-XV (Research Analyst), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-VI (Depository Operations), and Series-V-A (Mutual Fund Distributors). At Univest — India's SEBI-registered research and advisory platform — Ankit's responsibilities include leading the research team, finalising stock recommendations published across Pro Lite, Pro Super, and Pro Gold advisory services, and maintaining editorial oversight of all YMYL financial content published on the blog.