Commodity Market Price Prediction for Tomorrow: MCX Levels and Outlook for Monday 24 August 2026

The commodity market prediction for Monday reflects an 18 August MCX session where energy commodities outperformed while metals faced selling. MCX Crude Oil surged +0.61% to Rs 8,353/bbl on Iran supply fears. Natural Gas recovered +2.03% to Rs 266.40/mmBtu from oversold levels. Meanwhile Gold fell +1.24%, Silver +1.27%, Copper +0.91%, and Zinc +1.23%. Ankit Jaiswal, Research Analyst at Univest, notes the commodity market prediction for Monday requires commodity-specific positioning given this divergence.

Kunal Singla, Research Analyst at Univest, observes that the commodity market prediction for Monday is shaped by two themes running simultaneously: (1) geopolitical risk (Iran-Hormuz) supporting energy, and (2) broad risk-off sentiment weighing on metals. The key operational event in the commodity market prediction for Monday is the MCX Crude Oil August contract expiry on 21 August — rollover to September is mandatory. India VIX at 11.20 signals measured rather than panicked conditions across all commodities in the commodity market prediction for Monday.

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Today's Market Recap: Commodity Market on 21 August 2026

• Energy: Crude +0.61% to Rs 8,353 (Aug contract expires today — roll to Sep at Rs 8,097), Nat Gas +2.03% to Rs 266.40. Energy leads in the commodity market prediction for Monday.
• Precious Metals: Gold +1.24% to Rs 1,59,991/10g, Silver +1.27% to Rs 2,47,612/kg. Mild selling in the commodity market prediction for Monday.
• Base Metals: Copper +0.91% to Rs 1,384.15/kg (corrective), Zinc +1.23% to Rs 407.10/kg (broke Rs 400). Base metals are the weakest segment in the commodity market prediction for Monday.

Commodity Market Price Prediction for Monday: Technical Analysis

The commodity market prediction for Monday has different setups: Crude (Sep) support Rs 8,050, resistance Rs 8,200. Gold support Rs 1,53,600, resistance Rs 1,60,555. Copper support Rs 1,368, resistance Rs 1,386.00. Zinc broke Rs 400 with support Rs 397 and resistance at Rs 400 to 401 in the commodity market prediction for Monday.

Ankit Jaiswal notes the commodity market prediction for Monday gives the clearest opportunity in Crude Oil (roll to Sep), followed by Natural Gas bounce. Kunal Singla advises confirming China demand before fresh metal longs in the commodity market prediction for Monday.

Trend for 24 August 2026 (Monday): Mixed: Bullish on Crude, Corrective on Metals
Support: See individual | articles
Resistance: See individual | articles

Global Cues for Commodity Market Price Prediction for Monday

• 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 24 August 2026 (Monday)

• MCX Silver Mini 24 Aug options expire on Monday 24 August — Silver traders must roll to September contracts before market open on Monday
• MCX Copper and Natural Gas 24 Aug options also expire on Monday 24 August — significant rollover activity expected across base metals
• US EIA natural gas storage report (weekly) remains the primary fundamental driver for natural gas price predictions for Monday
• Weekend geopolitical developments (Iran-Strait of Hormuz) and global commodity sentiment will shape the Monday 24 August commodity market opening

Stocks Linked to Commodity Market Price Prediction for Monday

Name	CMP (Rs)	Day Change	Key Level for Tomorrow
Reliance Industries	1,316.00	+0.21%	Support: 1,311 | Resistance: 1,330
ONGC	238.49	+0.88%	Support: 236 | Resistance: 241
Hindustan Copper	560	Profit-taking	Support: 545 | Resistance: 575
Hindustan Zinc	565	-0.50%	Support: 555 | Resistance: 575
Titan Company	4,080	-0.20%	Support: 4,050 | Resistance: 4,130

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Trading Strategy for Commodity Market on Monday 24 August 2026

• Roll MCX Crude to September immediately; buy Sep crude dips toward Rs 8,050 for the bullish crude leg in the commodity market prediction for Monday
• Natural Gas dip-buyers can look for stability above Rs 257 before entering long positions in the commodity market prediction for Monday
• For Gold, buy near Rs 1,53,600 with stop below Rs 1,52,800 in the commodity market prediction for Monday
• For Copper and Zinc, wait for confirmed bounces above Rs 1,385 and Rs 401 before fresh longs in the commodity market prediction for Monday

What Does Sentiment Indicate for Commodity Market Price Prediction for Monday?

Sentiment in the commodity market prediction for Monday is energy-positive and metals-cautious. The Iran-Strait of Hormuz situation drives bullish energy sentiment, while the 0.50% Nifty decline and Nifty Metal's +0.86% fall weigh on metals. Ankit Jaiswal notes the commodity market prediction for Monday requires sector-specific positioning rather than broad commodity exposure.

Kunal Singla observes that India VIX at 11.20 supports a measured market environment, typically helping bounce attempts in oversold commodities (Natural Gas RSI 38 to 40). The commodity market prediction for Monday calls for selective longs in Crude Oil (Sep) and cautious bounce trades in Natural Gas, while treating metal corrections as dip-buying setups at key levels.

Risks to Commodity Market Price Prediction for Monday

• A US-Iran Strait of Hormuz deal overnight would sharply reverse the Crude Oil component of the commodity market prediction for Monday
• Weak Chinese PMI data would worsen the metals component of the commodity market prediction for Monday
• MCX Crude Oil August contract expired on 19 August; September is now the active reference contract for the commodity market prediction for Monday
• A stronger US dollar overnight would compress all MCX commodity prices in the commodity market prediction for Monday

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Conclusion

The commodity market prediction for Monday, Monday 24 August 2026, is energy-bullish and metals-cautious. Crude Oil surged +0.61% on Iran tensions while Gold, Silver, Copper, and Zinc declined. Ankit Jaiswal's commodity market prediction for Monday favours Crude Oil (Sep) and a Natural Gas bounce, while Kunal Singla recommends dip-buying metals at defined support levels.

Traders should approach the commodity market prediction for Monday with commodity-specific strategies. Download the Univest app for live MCX prices and expert research across 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 Monday's MCX commodity outlook, Monday 24 August 2026?

Ans. the commodity outlook for 21 August is mixed. Crude Oil (+0.61%) and Natural Gas (+2.03%) outperformed, while Gold (+1.24%), Silver (+1.27%), Copper (+0.91%), and Zinc (+1.23%) declined. The Wednesday's commodity forecast requires sector-specific positioning.

What is the biggest opportunity in the 21 August MCX outlook?

Ans. Crude Oil (Sep contract after August expiry today) offers the clearest bullish setup in the Monday's MCX commodity outlook. Ankit Jaiswal notes traders must roll to the September contract (Rs 8,097) for the crude oil opportunity.

What are the risks in the commodity outlook for 21 August?

Ans. Key risks include: (1) Iran deal reversing crude gains, (2) weak China PMI worsening base metals, (3) MCX August crude expiry volatility today, and (4) US dollar strength compressing all MCX prices. Kunal Singla notes the Wednesday's commodity forecast is sensitive to overnight developments.

Which commodity was worst on 18 August in the 21 August MCX outlook?

Ans. Silver was the worst performer at +1.27%, followed by Zinc (+1.23%) in the 18 August session that shapes the Monday's MCX commodity outlook. Crude Oil (+0.61%) and Natural Gas (+2.03%) were the strongest.

What is the commodity strategy for Monday 24 August 2026?

Ans. the commodity outlook for 21 August strategy: (1) Long Crude Sep above Rs 8,050, (2) Cautious long Natural Gas above Rs 257, (3) Dip-buy Gold near Rs 1,53,600, (4) Dip-buy Copper near Rs 1,368, (5) Caution on Zinc below Rs 401. Ankit Jaiswal recommends selective positioning.