Commodity Market Wrap‑Up for June 10, 2025, covering today’s moves in Gold, Silver, Crude Oil, and Natural Gas, along with global drivers and actionable trading ideas.
By CapitalKeeper | Market Opening | Indian Commodities | Market Moves That Matter
🟡 Gold — Sharp Pullback on Strong USD & Trade Optimism
- Current Price (India): ₹96,990 per 10 g
- Global Cue: MCX gold futures plunged ₹2,800/10 g amid renewed optimism in US‑China trade talks
- Behind the Move: A stronger U.S. dollar (+0.3%) and thawing trade tensions pressured safe‑haven demand
- Technical Tip: With support at $3,280–$3,310 and resistance at $3,325–$3,400 per oz traders should await a breakout above the lower bound for a resumption of the rally, or consider range‑trading intraday.
⚪ Silver — Slight Dip Following Recent Rally
- Current Price: ₹1,06,180 per kg
- Global Cue: Silver dropped ~0.5% to $36.52/oz as investors paused after recent gains, partly due to rising USD .
- Technical Setup: Watch support at ₹1,04,800–₹1,06,160 and resistance near ₹1,08,000–₹1,09,650 on MCX.
- Trading Technique: Consider a short‑term bounce trade near support, with stops below ₹1,05,000.
🛢️ Crude Oil — Steady Amid Mixed Supply/Demand Signals
- Current Price: ₹5,640 per barrel
- Global Cue: U.S. EIA forecasts Brent at ~$62/b in H2‑25, expecting supply to outpace demand.
- Technical Insight: Prices remain range‑bound; watch for a break of $66 for upside momentum.
- Trading Technique: Use range trading, shorting rallies near higher range and buying dips near ₹5,600–₹5,580.
🔵 Natural Gas — Cooling Slightly on Balanced Fundamentals
- Current Price: ₹304.80 per MMBtu
- Global Cue: Henry Hub futures fell to ~$3.60 on storage builds and warm early spring weather.
- Outlook: EIA forecasts rising gas prices later in summer due to LNG exports and demand.
- Trading Technique: Opt for mean reversion trades, buying near ₹300 if technicals stabilize, aiming for ₹315–₹320 on rebounds.
🌍 Global Cues in Focus
- US‑China Trade Talks: Positive progress weakened gold and silver, with traders awaiting firm outcomes.
- USD Strength: A firmer dollar pressured precious metals, acting as a catalyst for the current pullback .
- Supply Outlook: EIA anticipates global crude oversupply later in the year , while rising LNG exports will likely support gas prices through summer .
📊 Quick Trade Ideas
| Commodity | Setup | Strategy |
|---|---|---|
| Gold | Pullback to support | Buy near ₹96,500 with SL ~₹96,200; aim for ₹97,500–₹98,200 |
| Silver | Consolidation around support | Long near ₹1,05,000; target ₹1,07,000–₹1,08,000 |
| Crude Oil | Range-bound in ₹5,580–₹5,700 | Short rallies; buy dips in range |
| Natural Gas | Mean reversion near ₹300–₹305 | Buy dips; target ₹315 on technical confirmation |
🔍 Summary:
Today’s action has been dominated by dollar strength and easing trade tensions, leading to pullbacks in gold and silver. Crude and natural gas remain grounded in mixed supply/demand dynamics, with range-bound opportunities ahead.
📌 For more real-time updates, trade setups, and investment insights — follow us on [Telegram] and subscribe to our newsletter!
📌 Disclaimer
The content provided on CapitalKeeper.in is for informational and educational purposes only and does not constitute investment, trading, or financial advice. While we strive to present accurate and up-to-date market data and analysis, we make no warranties or representations regarding the completeness, reliability, or accuracy of the information.
Stock market investments are subject to market risks, and readers/investors are advised to conduct their own due diligence or consult a SEBI-registered financial advisor before making any investment decisions. CapitalKeeper and its authors are not liable for any loss or damage, direct or indirect, arising from the use of this information.
All views and opinions expressed are personal and do not reflect the official policy or position of any agency or organization. Past performance is not indicative of future results.By using this website, you agree to the terms of this disclaimer
Leave a Reply