Commodity Market Wrap-Up – June 17, 2025 By CapitalKeeper | Smart Insights on Precious & Energy Commodities
By CapitalKeeper | Market Wrap-Up | Indian Commodities | Market Moves That Matter
Markets continued their bullish streak on Tuesday, June 17, with Silver and Crude Oil delivering standout performances. While Gold held firm near recent highs, Natural Gas rallied on weather-driven momentum. Global macroeconomic triggers and technical breakouts provided strong cues for traders across segments.
Here’s the full technical and fundamental breakdown of today’s commodity market:
Gold (MCX) – Sideways in the Upper Range
- Closing Price: ₹99,523 / 10g
- Intraday Movement: Minor correction ▼ ₹228
- International Spot Price: $2,358/oz
🌐 Global Cues:
Gold remained stable despite the dollar strengthening marginally. Traders held positions ahead of this week’s FOMC commentary, which may offer signals on interest rate direction.
📈 Technical Indicators:
- Support: ₹99,100
- Resistance: ₹99,850
- RSI: 60 (mild bullish)
- MACD: Still in positive territory, momentum weakening slightly
Trading Technique:
Maintain long bias with light positions. Buy near ₹99,200–₹99,300, target ₹99,800. SL at ₹99,000. Await breakout above ₹99,900 for fresh entry.
Silver (MCX) – Stellar Run Continues
- Closing Price: ₹1,08,610 / kg
- Intraday Gain: ▲ ₹1,834
- International Spot Price: $31.25/oz
🌐 Global Cues:
Silver soared higher, fueled by industrial demand optimism, particularly from China and EV-linked sectors. A rebound in base metals like copper and zinc provided added tailwind.
📈 Technical Indicators:
- Support: ₹1,07,000
- Resistance: ₹1,09,300
- RSI: 72 (overbought but strong trend)
- MACD: Sharp bullish crossover with increasing momentum
Trading Technique:
Ride the trend with trailing stop-loss. Fresh buying advised only above ₹1,08,800 with target ₹1,09,800+. Existing longs can trail SL at ₹1,07,400.
Crude Oil (MCX) – Breakout Rally in Motion
- Closing Price: ₹6,196 / barrel
- Intraday Gain: ▲ ₹147
- International Brent Price: $88.70/bbl
🌐 Global Cues:
Crude extended gains on escalating supply disruptions in Libya and Nigeria. Also, bullish sentiment was supported by growing summer fuel demand across the U.S. and Europe.
📈 Technical Indicators:
- Support: ₹6,080
- Resistance: ₹6,280
- RSI: 74 (overbought)
- MACD: Strong bullish continuation
🛠️ Trading Technique:
Use caution due to overbought RSI. Dip-buy around ₹6,120–₹6,140 with target ₹6,280–₹6,300. SL at ₹6,050. Avoid chasing if prices gap-up significantly.
Natural Gas (MCX) – Climbs on Hot Weather Forecasts
- Closing Price: ₹328.20 / MMBtu
- Intraday Move: ▲ ₹9.40
- International Spot Price: $3.84/MMBtu
🌐 Global Cues:
Gas prices jumped as heatwaves across the U.S. boosted cooling-related demand. Traders also responded to lower-than-expected U.S. storage build anticipation in Thursday’s EIA report.
📈 Technical Indicators:
- Support: ₹320
- Resistance: ₹332
- RSI: 61 (bullish)
- MACD: Bullish divergence, signaling further upside
🛠️ Trading Technique:
Momentum trade intact. Longs can be added at ₹325–₹326, targeting ₹332. SL at ₹319. Watch for EIA inventory data to guide medium-term trend.
🌍 Global Market Cues at a Glance
| Indicator | Impact |
|---|---|
| 📉 U.S. Dollar Index (DXY 103.7) | Mildly negative for Gold/Silver |
| 🔥 Heatwave across U.S. | Positive for Natural Gas |
| 🛢️ Libya/Nigeria supply cut | Positive for Crude Oil |
| 📆 Awaited Fed Comments (FOMC) | Caution in Gold, possible volatility |
📊 CapitalKeeper Quick Strategy Grid
| Commodity | Trend | Entry Range | Target | Stop Loss |
|---|---|---|---|---|
| Gold | Sideways to Bullish | ₹99,200–₹99,300 | ₹99,800–₹1,00,000 | ₹99,000 |
| Silver | Strong Bullish | ₹1,07,600–₹1,08,000 | ₹1,09,300–₹1,10,000 | ₹1,07,000 |
| Crude Oil | Bullish Breakout | ₹6,120–₹6,140 | ₹6,280–₹6,300 | ₹6,050 |
| Natural Gas | Bullish Momentum | ₹325–₹326 | ₹332–₹335 | ₹319 |
📌 Final Word
The commodity market remained upbeat on June 17, with Silver and Crude Oil leading the rally. Natural Gas followed suit, while Gold held ground awaiting key economic data. The technical structure across the board favors buy-on-dip strategies, with caution advised at resistance levels due to RSI overheating.
📈 Stay agile, trail your positions smartly, and keep an eye on global developments for the next actionable opportunity.
CapitalKeeper – Your reliable partner for daily, data-driven commodity market insights.
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