Commodity Market Wrap-Up – June 11, 2025 | Daily Commodity Analysis + Pro Trading Insights
By CapitalKeeper | Market Wrap-Up | Indian Commodities | Market Moves That Matter
As global markets recalibrate around shifting macroeconomic narratives and evolving supply-demand dynamics, the Indian commodity segment closed mixed on June 11. Here’s your detailed analysis of Gold, Silver, Crude Oil, and Natural Gas with key levels, global cues, and actionable trading strategies.
🟡 Gold – Stabilizing After Volatile Start to Week
- Closing Price: ₹97,040 / 10g
- Intraday Move: ▲ ₹50
- Global Trend: Gold steadied near $2,309/oz, buoyed by weaker-than-expected U.S. PPI data, which slightly reduced Fed rate hike expectations.
🔍 Technical View:
- Immediate support: ₹96,600
- Resistance: ₹97,400
- RSI: 46 (neutral zone, showing consolidation)
- MACD: Still mildly bearish, but histogram narrowing.
🎯 Trading Tip: Watch for a breakout above ₹97,400 for a potential up-move toward ₹98,000. Use stop loss near ₹96,500 for long positions.
⚪ Silver – Consolidation After High Volatility
- Closing Price: ₹1,05,748 / kg
- Intraday Move: ▼ ₹432
- Global Trend: Silver cooled off slightly after a sharp rally last week, closing near $29.27/oz, as industrial demand tempered and the dollar index firmed marginally.
🔍 Technical View:
- Support: ₹1,04,800
- Resistance: ₹1,06,500
- RSI: 53 (mildly bullish)
- MACD: Still showing upside momentum.
🎯 Trading Tip: Favor buy-on-dips strategy near ₹1,05,000 with target ₹1,07,000. Consider trailing SL below ₹1,04,500.
🛢️ Crude Oil – Continues Bullish Momentum Amid Inventory Drawdowns
- Closing Price: ₹5,677 / barrel
- Intraday Move: ▲ ₹37
- Global Cue: Brent rose above $84.20/bbl as U.S. weekly inventory data showed a larger-than-expected draw, with additional support from Saudi supply curbs and strong summer demand outlook.
🔍 Technical View:
- Support: ₹5,580
- Resistance: ₹5,750
- RSI: 61 (bullish but near overbought)
- MACD: Positive crossover intact.
🎯 Trading Tip: Ride the momentum—longs can trail SL at ₹5,590. Profit-booking advised near ₹5,750–5,780 levels. Avoid fresh shorts until reversal candle confirmed.
🔵 Natural Gas – Volatile on Weather Expectations
- Closing Price: ₹305.30 / MMBtu
- Intraday Move: ▲ ₹0.50
- Global Trend: Natural gas futures hovered around $3.56, driven by mixed forecasts—early heatwaves in the U.S. and easing EU demand pressures.
🔍 Technical View:
- Support: ₹301
- Resistance: ₹308
- RSI: 51 (neutral)
- MACD: Flat, signaling indecision.
🎯 Trading Tip: Intraday scalping within the ₹301–₹308 range works best until clear directional bias. Avoid overnight positions unless a breakout occurs.
🌍 Global Cues in Focus
- 🔸 Dollar Index (DXY): Slight recovery to 99.2 capped precious metal gains.
- 🔸 U.S. Producer Price Index (PPI): Weaker-than-expected, reducing hawkish Fed sentiment.
- 🔸 OPEC+ Supply Cuts: Still lending support to oil prices.
- 🔸 Geopolitical Watch: Middle East tensions continue to keep oil risk premium alive.
📈 CapitalKeeper’s Quick Trade Matrix
| Commodity | Direction | Buy Zone | Target Range | SL Level |
|---|---|---|---|---|
| Gold | Bullish | ₹96,800–97,000 | ₹97,400–97,900 | ₹96,500 |
| Silver | Sideways | ₹1,05,000 | ₹1,06,500–1,07,000 | ₹1,04,500 |
| Crude Oil | Bullish | ₹5,620–5,640 | ₹5,750–5,780 | ₹5,590 |
| Natural Gas | Rangebound | ₹301–304 | ₹307–308 | ₹299 |
🔔 Conclusion:
Gold shows signs of stabilization, Silver enters a breather zone, Crude Oil continues to defy gravity with fundamental tailwinds, and Natural Gas remains event-driven and volatile. A blend of technical discipline and global sentiment tracking is key in navigating these trades.
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