Commodity Market Prediction for Tomorrow, 17 July 2026: Crude Extends Its Rally to a Fourth Session as Precious Metals Keep Easing
- July 16, 2026
- Posted by: Kashish Aggarwal
- Category: News
Commodity market prediction for tomorrow 17 July 2026: Crude Oil Rs 7,666 (+0.70%, 4th rise), Gold Rs 1,41,563 (-0.20%), Silver Rs 2,19,041 (-0.72%), Copper Rs 1,314.3 (+0.19%).
Commodity market prediction for tomorrow: The commodity market prediction for tomorrow, 17 July 2026, shows crude oil’s rally now stretching to a fourth consecutive session, even as gold and silver continue their multi-day cooling trend and base metals trade a choppy, largely independent path of their own. This commodity market prediction for tomorrow is built on Friday, 10 July 2026’s closing data, the last completed session before markets reopen on Monday, 13 July 2026.
Ankit Jaiswal and Kunal Singla of Univest have put together this commodity market prediction for tomorrow covering energy, precious metals and base metals together, since Thursday’s session confirmed the divergent pattern that has now held for two straight days across the complex.
Click Here – Get Free Investment Predictions
Market Recap Behind the Commodity market prediction for tomorrow
Thursday’s commodity session extended the divergence seen since Wednesday for the commodity market prediction for tomorrow. MCX Crude Oil rose a further 0.70 percent to Rs 7,666, its fourth straight session of gains albeit at a decelerating pace. Precious metals kept easing, with gold down 0.20 percent to Rs 1,41,563 and silver down 0.72 percent to Rs 2,19,041, as Indian equities largely shrugged off the ongoing Hormuz crisis. Base metals stayed choppy, with copper up a marginal 0.19 percent and zinc rebounding 0.84 percent.
Commodity market prediction for tomorrow: Trend and Key Levels
Trend: Diverging: Crude’s Sustained Rally, Cooling Precious Metals, Choppy Base Metals
| Level Type | Value |
|---|---|
| Crude Oil Support/Resistance | Rs 7,580 / Rs 7,750 |
| Gold Support/Resistance | Rs 1,40,000 / Rs 1,42,500 |
| Silver Support/Resistance | Rs 2,16,500 / Rs 2,21,000 |
| Copper Support/Resistance | Rs 1,305 / Rs 1,325 |
| Zinc Support/Resistance | Rs 372 / Rs 380 |
Kunal Singla notes that the commodity market prediction for tomorrow shows a market settling into distinct, independent paths for each segment: crude staying bullish on its own sustained Hormuz exposure, precious metals continuing a gradual multi-day cooling as equity risk appetite holds, and base metals trading a range-bound, largely China-demand-driven pattern.
The Market Is Growing Desensitised to Daily Hormuz Headlines
Ankit Jaiswal flags this as the key theme in the commodity market prediction for tomorrow: while crude oil continues climbing on its own direct, structural exposure to the Strait of Hormuz situation, the broader risk-off reaction across equities and precious metals that characterised Tuesday’s session has meaningfully faded by Thursday. This suggests markets are increasingly treating the ongoing crisis as a persistent but manageable risk rather than an urgent, escalating shock.
Key Triggers in the Commodity market prediction for tomorrow
These triggers dominate the outlook heading into Monday, 13 July 2026:
- A fresh escalation shock: Would likely be needed to meaningfully reignite the safe-haven trade in gold and silver given the market’s growing desensitisation.
- Continued crude deceleration: If Thursday’s slower pace of gains persists, the rally could stall even without a formal resolution.
- China demand data: Now the more relevant driver for base metals, which are trading largely independent of the daily Hormuz news flow.
Talk to a SEBI Registered Investment Advisor Before Trading Commodities
Individual Commodity Predictions for Tomorrow
For deeper dives into each commodity referenced in this commodity market prediction for tomorrow, Univest has published separate analyses covering crude oil, gold, silver, copper, zinc and natural gas individually.
Crude Oil: Bullish above Rs 7,580, now on a fourth straight session of gains, albeit decelerating.
Gold and Silver: Both sideways to bearish, continuing a multi-day cooling trend as equity risk appetite holds firm.
Copper and Zinc: Choppy and range-bound, trading largely independent of the Hormuz-linked energy narrative.
Risks to the Commodity market prediction for tomorrow
These factors can invalidate this outlook:
- Sudden severe escalation: Could quickly revive the coordinated, across-the-board rally seen on Tuesday.
- Crude rally stalling: Would remove the one segment of the complex that has stayed consistently bullish this week.
- China demand data disappointing: Would add fresh pressure specifically to the base metals segment.
Download the Univest iOS App or Univest Android App to track live MCX commodity prices and get daily commodity research from SEBI registered analysts.
Conclusion
The commodity market prediction for tomorrow, 17 July 2026, shows crude oil’s rally stretching to a fourth session even as gold and silver continue easing and base metals trade a choppy, independent path. Ankit Jaiswal and Kunal Singla of Univest agree that a fresh escalation shock, rather than the crisis’s cumulative weight, now appears necessary to meaningfully move this commodity market prediction for tomorrow beyond its current segmented pattern.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on the Commodity market prediction for tomorrow
What is the commodity market prediction for tomorrow, 17 July 2026?
Ans. The commodity market prediction for tomorrow, 17 July 2026, shows crude oil extending its rally to a fourth straight session, up 0.70 percent to Rs 7,666 on Thursday, while gold and silver continued easing and base metals stayed choppy.
Which analysts gave the commodity market prediction for tomorrow?
Ans. Kunal Singla, Associate Director at Univest, and Ankit Jaiswal, Senior Research Analyst at Univest, have jointly prepared the commodity market prediction for tomorrow.
Why are gold and crude oil moving in opposite directions this week?
Ans. Crude oil has direct, structural exposure to the Strait of Hormuz situation and keeps climbing, while gold’s safe-haven bid has meaningfully faded as Indian equities have grown progressively less reactive to daily Hormuz headlines. The commodity market prediction for tomorrow treats this divergence as the market growing desensitised to the ongoing but seemingly stable crisis.
Which commodity has been most consistent this week?
Ans. Crude oil has been the most consistently directional commodity, posting four straight sessions of gains, even as its pace has decelerated, while gold, silver, copper and zinc have all shown more mixed, less trending behaviour.
