Commodity Market Wrap-Up – June 16, 2025 By CapitalKeeper | Evening Insight into Precious & Energy Commodities
By CapitalKeeper | Wrap Up | Indian Commodities | Market Moves That Matter
The commodity market wrapped up on a high note this Monday, June 16, 2025, with sharp intraday momentum seen in Crude Oil, while Gold and Silver extended their bullish streak amid macroeconomic caution. Natural Gas stayed stable with summer-driven demand anticipation. Let’s break down the day’s technical setup, global cues, and trading strategies for each major commodity.
Gold (MCX) – Bullish Continuation Towards ₹1L Mark
- Closing Price: ₹99,751 / 10g
- Intraday Change: ▲ ₹1,281
- International Spot Price: ~$2,365/oz
🌐 Global Cues:
Gold rallied after weak U.S. industrial production data added weight to dovish Fed expectations. Political uncertainty in Europe and subdued dollar demand also encouraged safe-haven buying.
📈 Technical Analysis:
- Support: ₹99,100
- Resistance: ₹1,00,200
- RSI: 66 (strong but nearing overbought)
- MACD: Bullish crossover continues with widening histogram
Trading Technique:
Buy on dips toward ₹99,300 with targets at ₹1,00,100–₹1,00,400. Maintain SL at ₹99,000. A close above ₹1L can invite positional buying up to ₹1,01,000 in short term.
Silver (MCX) – Firm Momentum, Above ₹1.06L
- Closing Price: ₹1,06,776 / kg
- Intraday Change: ▲ ₹737
- International Spot Price: ~$30.35/oz
🌐 Global Cues:
Silver tracked gold higher, supported by stronger industrial metals like copper and zinc. Improving Chinese factory orders also contributed to sentiment.
📈 Technical Analysis:
- Support: ₹1,05,700
- Resistance: ₹1,07,500
- RSI: 64 (bullish)
- MACD: Positive divergence intact
Trading Technique:
Fresh longs can be initiated above ₹1,07,000 with ₹1,07,800–₹1,08,300 targets. Positional traders can trail stop loss below ₹1,05,700.
Crude Oil (MCX) – Explosive Breakout on Supply Tightening
- Closing Price: ₹6,049 / barrel
- Intraday Change: ▲ ₹393
- International Brent Price: ~$87.50/bbl
🌐 Global Cues:
Crude oil surged on escalating tensions in the Middle East and unexpected inventory drawdowns from the U.S. Strategic Petroleum Reserve. Additionally, OPEC’s supply cuts continued to squeeze global output expectations.
📈 Technical Analysis:
- Support: ₹5,870
- Resistance: ₹6,120
- RSI: 71 (overbought but strong)
- MACD: Sharp positive crossover
Trading Technique:
Aggressive traders can ride momentum with buy-on-dip near ₹5,980, targeting ₹6,150+. SL at ₹5,860. Watch for profit booking signs around ₹6,200.
🔵 Natural Gas (MCX) – Mild Strength Ahead of US Inventory Report
- Closing Price: ₹318.80 / MMBtu
- Intraday Change: ▲ ₹2.20
- International Spot Price: ~$3.72/MMBtu
🌐 Global Cues:
Natural gas edged higher amid continued forecasts of above-average temperatures across the U.S., potentially driving up electricity and cooling demand. Inventory reports this week could add volatility.
📈 Technical Analysis:
- Support: ₹314
- Resistance: ₹321.50
- RSI: 56 (neutral to mildly bullish)
- MACD: Flat but holding positive bias
Trading Technique:
Scalp within ₹314–₹321 range. Buy near ₹316–₹317 for short-term gains up to ₹321–₹322. SL at ₹312. Break above ₹322 could trigger a bullish swing to ₹328+.
🌍 Global Sentiment Snapshot
| Driver | Impact |
|---|---|
| 📉 Weak US Industrial Output | Bullish for Gold & Silver |
| 💵 Softer Dollar Index | Positive for all dollar-denominated assets |
| 🛢️ Middle East Oil Tensions | Crude Oil rally booster |
| 🌡️ US Heatwaves Continue | Supports Natural Gas demand |
| 📊 Awaited Fed Comments | Traders positioning in safe havens |
📊 CapitalKeeper Strategy Box
| Commodity | Trend | Buy Zone | Target Zone | SL |
|---|---|---|---|---|
| Gold | Bullish | ₹99,300–₹99,500 | ₹1,00,400–₹1,01,000 | ₹99,000 |
| Silver | Bullish | ₹1,06,100–₹1,06,400 | ₹1,07,800–₹1,08,300 | ₹1,05,700 |
| Crude Oil | Strong Bullish | ₹5,970–₹6,000 | ₹6,150–₹6,200 | ₹5,860 |
| Nat Gas | Mild Bullish | ₹316–₹317 | ₹321–₹328 | ₹312 |
📌 Final Thoughts
The commodity bulls took charge on June 16 with impressive moves across the board. While Crude Oil led the rally with a technical breakout, Gold and Silver continued their upward drift, validating their role as safe-haven assets. Natural Gas remains a weather-driven play for now.
📈 With global cues turning favorable and technicals aligning, short-term traders can look for intraday pullbacks for fresh entries, while swing traders should maintain a bullish bias with proper stop-loss discipline.
💼 Stay informed. Trade smart. Trust CapitalKeeper for your daily edge in commodity markets.
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