Commodity Market Wrap-Up – June 12, 2025
By CapitalKeeper | Expert Analysis of Precious & Energy Commodities
The commodity markets concluded June 12, 2025 with mixed sentiment, as traders navigated through U.S. macroeconomic data, fluctuating dollar strength, and ongoing global supply concerns. Here’s a comprehensive daily wrap-up of Gold, Silver, Crude Oil, and Natural Gas, along with key technical levels, global cues, and intraday trading strategies.
🟡 Gold (MCX) – Cautious Trade Near Resistance
- Closing Price: ₹98,470 / 10g
- Intraday Change: No major move (flat close)
- International Spot Price: ~$2,325/oz
🌐 Global Cues:
Gold hovered near recent highs after softer-than-expected U.S. CPI and PPI data, reinforcing speculation of a Fed pause in rate hikes. A weaker dollar helped hold support, though buying pressure remained moderate ahead of next week’s Fed meeting.
📈 Technical Overview:
- Support: ₹98,000
- Resistance: ₹98,900
- RSI: 58 (approaching overbought)
- MACD: Still positive but flattening
🛠️ Trading Technique:
Gold remains in a tight consolidation. Consider buying near ₹98,100 with targets around ₹98,800–₹99,000. Use stop loss at ₹97,900. Avoid heavy long positions unless breakout above ₹99,000 occurs.
⚪ Silver (MCX) – Holding Strong, Eyeing Breakout
- Closing Price: ₹1,06,039 / kg
- Intraday Move: Flat with slight bullish bias
- International Spot Price: ~$29.85/oz
🌐 Global Cues:
Silver remained resilient, supported by robust industrial demand and rising base metal prices. Traders showed caution at key resistance as U.S. inflation trends remained in focus.
📈 Technical Overview:
- Support: ₹1,05,200
- Resistance: ₹1,06,700
- RSI: 63 (bullish)
- MACD: Momentum intact, histogram widening
🛠️ Trading Technique:
Position traders may consider accumulating around ₹1,05,500–₹1,05,700 with targets of ₹1,07,000+. Trail SL at ₹1,04,800. A breakout above ₹1,06,700 could trigger fresh rally.
🛢️ Crude Oil (MCX) – Tight Range as Bulls Lose Steam
- Closing Price: ₹5,656 / barrel
- Intraday Move: Flat to marginally negative
- International Price (Brent): ~$84.20/bbl
🌐 Global Cues:
Crude oil remained range-bound as bullish factors (OPEC+ supply cuts, summer travel season) balanced bearish influences (rising U.S. rig count and demand worries in China). U.S. inventories declined marginally but failed to excite bulls.
📈 Technical Overview:
- Support: ₹5,580
- Resistance: ₹5,720
- RSI: 55 (neutral with mild upside bias)
- MACD: Mildly bullish but flattening
🛠️ Trading Technique:
Trade within the ₹5,580–₹5,720 zone. Buy near support with SL at ₹5,540 and target ₹5,700. Avoid fresh longs unless price closes above ₹5,730 with volume.
🔵 Natural Gas (MCX) – Mild Uptick Amid Weather Watch
- Closing Price: ₹308.00 / MMBtu
- Intraday Move: ▲ ₹0.80
- International Spot Price: ~$3.67/MMBtu
🌐 Global Cues:
Natural Gas ticked higher as updated weather models showed hotter-than-expected temperatures in southern U.S. through mid-June, increasing cooling demand. However, high storage levels capped gains.
📈 Technical Overview:
- Support: ₹304
- Resistance: ₹311
- RSI: 52 (neutral)
- MACD: Slight bullish divergence forming
🛠️ Trading Technique:
Use range-bound scalping strategy between ₹305–₹311. Buy near ₹305 with target ₹310+. SL at ₹302. Avoid aggressive shorts as demand may spike in heatwave scenarios.
🌍 Key Global Market Influences
| Factor | Impact |
|---|---|
| 📉 US CPI & PPI Softening | Boosted Gold/Silver due to lower rate hike fears |
| 💵 Dollar Index (DXY) | Hovered around 103, slightly weaker, supporting metals |
| 🛢️ Crude Oil Inventories | Mixed data, no clear momentum |
| 🌡️ Weather Forecast (US) | Hotter-than-usual June supports NatGas demand |
📊 CapitalKeeper Strategy Snapshot
| Commodity | Trend | Buy Zone | Target | SL |
|---|---|---|---|---|
| Gold | Sideways | ₹98,100 | ₹98,800–₹99,000 | ₹97,900 |
| Silver | Bullish | ₹1,05,500–₹1,05,700 | ₹1,06,800–₹1,07,200 | ₹1,04,800 |
| Crude Oil | Range | ₹5,600–₹5,620 | ₹5,700–₹5,720 | ₹5,540 |
| Nat Gas | Neutral | ₹305 | ₹310–₹311 | ₹302 |
🔚 Final Thoughts
June 12 brought a session of quiet strength for precious metals, while energy commodities remained muted within technical bands. With U.S. Fed policy insight around the corner and global economic data still mixed, short-term volatility will likely increase. Traders are advised to stick to levels, maintain tight stop losses, and trade light near resistances.
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