Commodity Market Wrap-Up – June 23, 2025 By CapitalKeeper | End-of-Day Analysis with Trade Insights
By CapitalKeeper | Market Wrap-Up | Indian Commodities | Market Moves That Matter
The commodity market on Monday, June 23, 2025, reflected renewed volatility across major segments as global cues, technical patterns, and short-term trading sentiment played tug-of-war. Gold and Silver rebounded smartly from last week’s pressure, while Crude Oil remained firmly bullish. Natural Gas, on the other hand, showed some consolidation after a recent rally.
Here’s a complete breakdown of today’s moves, international factors, and actionable trading levels:
🟡 Gold (MCX) – Recovering Toward ₹1L Mark
- Closing Price: ₹99,421 / 10g
- Intraday Move: ▲ ₹809
- International Spot Price: ~$2,358/oz
🌐 Global Cues:
Gold prices rebounded strongly after last week’s correction. With geopolitical uncertainty around Europe and softening U.S. dollar index, investor appetite for safe-haven assets returned. Bond yields remained steady ahead of this week’s key inflation data.
📈 Technical Outlook:
- Support: ₹98,800
- Resistance: ₹99,950
- RSI: 61 (recovery phase)
- MACD: Bullish crossover developing again
🛠️ Trading Technique:
Consider fresh longs above ₹99,450 with targets ₹99,900–₹1,00,200. Best buying zone on dips is ₹99,050–₹99,150 with SL at ₹98,800.
⚪ Silver (MCX) – Smart Bounce with Industrial Backing
- Closing Price: ₹1,06,830 / kg
- Intraday Move: ▲ ₹481
- International Spot Price: ~$30.78/oz
🌐 Global Cues:
Silver mirrored gold’s strength, gaining momentum due to positive industrial demand projections and stronger base metal performance. Hopes of stimulus in China added to the sentiment.
📈 Technical Outlook:
- Support: ₹1,05,800
- Resistance: ₹1,07,800
- RSI: 59 (turning bullish)
- MACD: Attempting positive crossover
🛠️ Trading Technique:
Buy on dips near ₹1,06,100 with targets ₹1,07,500–₹1,07,800. Break above ₹1,08,000 can push prices towards ₹1,08,700. SL below ₹1,05,600.
🛢️ Crude Oil (MCX) – Momentum Resumes After Brief Pause
- Closing Price: ₹6,461 / barrel
- Intraday Move: ▲ ₹111
- International Brent: ~$90.15/bbl
🌐 Global Cues:
Crude extended its bullish trajectory on expectations of tight supply as OPEC+ cuts continue. Additionally, early signs of a strong summer driving season and better-than-expected Chinese demand supported prices.
📈 Technical Outlook:
- Support: ₹6,350
- Resistance: ₹6,520
- RSI: 67 (healthy trend)
- MACD: Fresh bullish signal post-consolidation
🛠️ Trading Technique:
Enter longs above ₹6,470 for targets ₹6,530–₹6,580. Positional traders can build on dips near ₹6,380–₹6,400 with SL ₹6,320.
🔵 Natural Gas (MCX) – Cooling After Heatwave Rally
- Closing Price: ₹343.20 / MMBtu
- Intraday Move: ▼ ₹15.10
- International Spot: ~$4.09/MMBtu
🌐 Global Cues:
Natural Gas saw a mild correction as weather models suggested cooler-than-expected temperatures in parts of the U.S. Traders booked profits after the recent sharp rally. The market now awaits Thursday’s EIA storage data.
📈 Technical Outlook:
- Support: ₹336
- Resistance: ₹348
- RSI: 56 (neutral)
- MACD: Flattening out, slight bearish bias
🛠️ Trading Technique:
Avoid aggressive longs. Better to accumulate near ₹336–₹338 for bounce toward ₹347–₹350. Keep SL at ₹331. Sell on rise strategy can be considered above ₹348 with tight SL.
🌍 Global Market Highlights – June 23 Summary
| Event/Factor | Market Impact |
|---|---|
| 🏦 U.S. Dollar Weakness | Bullish for Gold, Silver |
| 📊 Awaited Inflation & GDP Data (US) | Volatility expected |
| 🛢️ OPEC+ Output Control | Crude Oil Supportive |
| 🌡️ Cooler Weather in U.S. Forecast | Bearish for Natural Gas |
| 💹 China’s Infrastructure Push | Boosting industrial metals |
📊 CapitalKeeper Trade Setup Snapshot
| Commodity | Trend | Buy Zone | Target Zone | Stop Loss |
|---|---|---|---|---|
| Gold | Bullish Recovery | ₹99,050–₹99,150 | ₹99,950–₹1,00,200 | ₹98,800 |
| Silver | Positive Bias | ₹1,06,000–₹1,06,200 | ₹1,07,700–₹1,08,300 | ₹1,05,600 |
| Crude Oil | Uptrend Resumed | ₹6,380–₹6,400 | ₹6,530–₹6,580 | ₹6,320 |
| Nat Gas | Mild Correction | ₹336–₹338 | ₹347–₹350 | ₹331 |
📌 Conclusion
The June 23 commodity session saw a return of strength in precious metals, a continuation of bullish momentum in Crude Oil, and a pause in Natural Gas as traders reassessed fundamentals. Technical indicators suggest selective buying on dips remains the best approach, especially in Gold and Silver, while Crude retains short-term upside potential.
🧠 Pro Tip: Watch upcoming U.S. PCE inflation data and OPEC commentary closely this week—they could shift momentum dramatically across all commodities.
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