Commodity Market Wrap-Up – June 4, 2025
By CapitalKeeper | Daily Commodity Recap with Trading Insight
As global financial markets continued to navigate through inflation data, interest rate expectations, and supply chain disruptions, commodity markets on June 4, 2025, reflected a mix of investor caution and tactical positioning. Here’s a detailed breakdown of how major commodities performed today, key global cues, and short-term trading techniques you can consider.
🟡 Gold – Steady Climb Toward Safe Haven
- Price: ₹97,948 per 10g
- Daily Move: ▲ ₹208
- Market Sentiment:
Gold prices continued their upward trend as traders sought safe-haven assets amid rising geopolitical tensions and weakness in the U.S. dollar. Central banks across Asia have also stepped up gold accumulation, lending support to global prices. - Technical Snapshot:
- RSI (14): 64 – Approaching overbought zone
- MACD: Bullish crossover sustained
- Support: ₹97,400 | Resistance: ₹98,200
- Trading Strategy: Consider buying on dips near support with a stop-loss below ₹97,100. Short-term target remains ₹98,500.
⚪ Silver – Industrial Demand Keeps It Buoyant
- Price: ₹1,01,370 per kg
- Daily Move: ▲ ₹430
- Market Sentiment:
Silver tracked gold’s gains but also found strength from sustained demand in the solar and electronics sectors. The metal is also benefitting from increased speculative buying on MCX. - Technical Snapshot:
- RSI (14): 69 – Close to overbought
- MACD: Bullish
- Support: ₹1,00,600 | Resistance: ₹1,02,000
- Trading Strategy: Trail stop-loss if holding long; new entries advisable only after a pullback. Intraday scalpers can use Fibonacci retracements around ₹1,00,800-₹1,01,100 zones.
🛢️ Crude Oil – Firm on OPEC+ Cuts and U.S. Stockpile Drop
- Price: ₹5,438 per barrel
- Daily Move: ▲ ₹51
- Market Sentiment:
Crude rose modestly after U.S. inventory data showed a surprise drop in crude stockpiles, reinforcing the impact of recent OPEC+ production cuts. However, gains were capped by a slowing demand outlook from China. - Technical Snapshot:
- RSI (14): 58 – Neutral
- MACD: Marginal bullish divergence
- Support: ₹5,380 | Resistance: ₹5,480
- Trading Strategy: Range-bound strategy may work well — consider selling near ₹5,480 with SL ₹5,500 and targeting ₹5,400. For swing trades, wait for a decisive breakout.
🔵 Natural Gas – Mild Uptick on Short-Term Demand
- Price: ₹318.50 per mmBtu
- Daily Move: ▲ ₹5.40
- Market Sentiment:
Natural gas gained on forecasts of warmer temperatures across the northern hemisphere, increasing cooling demand. LNG exports remain stable, supporting pricing. - Technical Snapshot:
- RSI (14): 56 – Neutral to slightly bullish
- MACD: Converging to bullish crossover
- Support: ₹312 | Resistance: ₹322
- Trading Strategy: Consider buying on breakouts above ₹322 for short-term spikes. Watch for volume confirmation before entry.
🌐 Global Cues Impacting Commodity Markets
- U.S. Dollar Index Dips: Weaker dollar makes commodities priced in USD more attractive for holders of other currencies.
- China Factory Data Mixed: Concerns around industrial slowdown temper some of the bullishness in metals and energy.
- Geopolitical Watch: Rising Middle East tensions and U.S.-China trade negotiations continue to drive volatility across global markets.
📊 Quick Trading Tips for June 5:
- Use RSI + MACD confluence on 15-min charts for short-term entry timing.
- Intraday volume spikes on commodities like Silver or Crude can hint toward institutional activity—ideal for momentum scalping.
- Apply pivot point strategy for Gold and Natural Gas for reversal trades around key support/resistance levels.
📌 Note: The above strategies are for educational purposes. Please manage your risk wisely and consult your financial advisor before trading.
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