CAPITAL STROKE COMMODITY UPDATE 30 MAY 2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27400 R1-27100 S1-26600 S2-26300 Gold trading range for the day is 26393-27163.Gold eased but bounced off after data showed the U.S. economy contracted in the first quarter for the first time in three years.The U.S. Commerce Department estimated that gross domestic product shrank in the first quarter at a 1.0 percent annual rate.Gold was also hurt by stronger equities and a firmer U.S. dollar, while the geopolitical situation in Ukraine was also being eyed.


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CAPITAL STROKE COMMODITY UPDATE 30 MAY 2014 : MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-43500 R1-42000 S1-39000 S2-37500 .Silver prices dropped even after data revealed the U.S. economy contracted much more than expected in the first quarter.Expectations held firm that the Fed remains on course to wind down stimulus measures as the year unfolds, which kept prices in negative territory.Yesterday data showed that the U.S. economy contracted for the first time in three years in the first quarter. 


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CAPITAL STROKE COMMODITY UPDATE 30 MAY 2014:: MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-126 R1-124.5 S1-121 S2-119 .Zinc prices ended with losses as pressure seen due to a decline in US GDP growth for Q1. Zinc holding gain's as closures of a number of zinc mines over this year and next would lead to a supply crunch.The firm US dollar index and rising stocks indicated investors expected brighter growth in the second quarter. 



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CAPITAL STROKE COMMODITY UPDATE 30 MAY 2014 :: MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-422 R1-416 S1-406 S2-400 .Copper dropped as investors were unnerved by China's latest efforts to ward off a sharp growth slowdownBut limiting losses in copper, LME stocks were near their lowest in almost six years, while SHFE stocks were near their lowest in 2-1/2 years.U.S. economy contracted in the first quarter for the first time in three years as it buckled under the weight of a severe winter.



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CAPITAL STROKE COMMODITY UPDATE 30 MAY 2014:: MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6280 R1-6200 S1-6080 S2-6000 
.Crude oil recovered from the day's low after EIA reports shows gasoline stocks fell last weekThe U.S. Energy Information Administration reported that crude oil inventories rose by 1.657 million barrels last weekThe brighter demand outlook is supporting prices, already at elevated levels due to supply disruption concerns from Libya.
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CAPITAL STROKE COMMODITY UPDATE 30 MAY 2014: : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1145 R1-1130 S1-1105 S2-1090
Nickel prices ended with losses tracking weakness in LME prices weighed by opportunistic selling after recent gains.Falling initial jobless claims in the US last week were overshadowed by disappointing GDP growth in the country.The Commerce Department revised down its growth estimate to show that US GDP contracted at a 1% annual rate in Q1, worse than expectations.


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CAPITAL STROKE COMMODITY UPDATE 30 MAY 2014 : MCX NATURAL GAS

Natural gas trading range for the day is 263.9-279.7.Natural gas dropped from the day's high after official data revealed U.S. stockpiles rose more than markets were expecting last week.EIA said in its weekly report that natural gas storage in the U.S. in the week ended May 23 rose by 114bcf vs 110bcf.Market players prepped for the arrival of summertime temperatures in the U.S., which should hike demand for air conditioning.



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CAPITAL STROKE COMMODITY UPDATE 30 MAY 2014 MCX ALUMINUM

Aluminium trading range for the day is 104.6-107.8.Aluminum settled flat as prices recovered in late session as investors believed harsh winter weather may be partly blamed for downbeat GDP data.Aluminium producers seek record premium of $405-410 from Japan buyersAluminum daily stocks at Shanghai exchange came down by 399 tonnes.



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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 30 MAY 2014

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27400 R1-27100 S1-26600 S2-26300
SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-43500 R1-42000 S1-39000 S2-37500
CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6280 R1-6200 S1-6080 S2-6000
COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-422 R1-416 S1-406 S2-400
LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-128 R1-126 S1-123 S2-121
ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-126 R1-124.5 S1-121 S2-119
NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1145 R1-1130 S1-1105 S2-1090



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CAPITAL STROKE COMMODITY UPDATE 29 MAY 2014: : MCX NICKEL

Nickel ended with losses on profit booking after price seen support due to unrest at a New Caledonian mine kept supply threats in focus.Global Nickel market surplus dropped over 50% over the year in March: INSGTechnically market is under long liquidation as market has witnessed drop in open interest by -12.2% to settled at 6136 .
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CAPITAL STROKE COMMODITY UPDATE 29 MAY 2014 :: MCX COPPER

Copper settled flat as growing optimism over the health of U.S. and speculation demand from China will increase in near-term boosted prices.Revised reading of US Q1 GDP and US initial jobless claims for last week will be in focus today.China’s refined copper imports from Europe fell by 25,000 tonnes, or 44.4%, during April, Customs data showed.
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CAPITAL STROKE COMMODITY UPDATE 29 MAY 2014 : MCX GOLD

Gold dropped as investors assessed whether tension between Russia and Ukraine is easing and as the euro weakened.Indian gold prices dropped below 27000-level for the first-time due to the sustained selling by stockists and a weak global trend.CRISIL's, the gradual withdrawal of gold import restrictions may widen the country's CAD to $47 billion (2.2% of GDP) in fiscal 2015. 
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CAPITAL STROKE COMMODITY UPDATE 29 MAY 2014 : MCX SILVER

Silver prices dropped as investors were hesitant to buy into the market amid a weak technical outlook.Prices carried Tuesday's losses after positive U.S. housing and consumer confidence data continued to boost the dollar.ECB President said bank was aware of the risks of persistently low inflation and was prepared to take steps to get euro zone inflation back to its target. 
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CAPITAL STROKE COMMODITY UPDATE 29 MAY 2014:: MCX CRUDE OIL

Crude oil dropped as traders took profits ahead of a government inventory report that is expected to show a build in crude stocks.U.S. commercial crude oil inventories rose 3.5 million barrels last week, the American Petroleum Institute industry group said.Today crude oil inventories: Exp: -0.1M Prev: -7.2M. Actual is at 8.00PM 
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CAPITAL STROKE COMMODITY UPDATE 29 MAY 2014:: MCX ZINC

Zinc prices dropped as market players were cautious after pessimistic revised US Q1 GDPOvercapacity, weak demand and high inventories will continue to drag down domestic zinc pricesEuro zone economic data were mixed, with May economic climate index hit a record high since July 2011, but Germany’s unemployment rate was higher than expected. 
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CAPITAL STROKE COMMODITY UPDATE 29 MAY 2014 : MCX NATURAL GAS

Natural gas gained as market players prepped for the arrival of summertime temperatures in the U.S., which should hike demand. Demand for natural gas tends to rise in the summer months as warmer temperatures increase the need for gas.Today natural gas storage: Exp: 110B Prev: 106B. Actual is at 8.00PM. 
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CAPITAL STROKE COMMODITY UPDATE 29 MAY 2014 MCX ALUMINUM

 Aluminum ended with gains on speculation that supplies of the metal will trail global demand. The aluminum market will be in deficit this year by 1.3 million metric tons, leading global producer United Co. Rusal said. The euro zone economic confidence index was reported up and higher than forecast in May, but Germany’s jobless rate increased. 
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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 28 MAY 2014

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27400 R1-27100 S1-26700 S2-26500
SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-43500 R1-42000 S1-39000 S2-37500
 CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6280 R1-6200 S1-6080 S2-6000

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-426 R1-422 S1-410 S2-406
 LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-129 R1-127 S1-123 S2-121
 ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-126 R1-124.5 S1-121 S2-119
 NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1180 R1-1170 S1-1140 S2-1125
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CAPITAL STROKE COMMODITY UPDATE 28 MAY 2014 MCX ALUMINUM

Aluminium trading range for the day is 104-106.4.Aluminium gained on the heels of rosy US durable goods orders for April and the Conference Board’s Consumer Confidence Index for MayECB Governing Council member Nowotny said ECB has been worried about the stubbornly low inflation, and would keep its key interest rate low for quite some timeAluminium daily stocks at Shanghai exchange came down by 776 tonnes.

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CAPITAL STROKE COMMODITY UPDATE 28 MAY 2014 : MCX NATURAL GAS

Natural gas trading range for the day is 255.1-271.3.
Natural gas rallied as updated weather-forecasting called for above-normal temperatures in US through the first week of June.
Prices are expected to swung in the range today as trader awating for invenory data to assessed the outlook for U.S. demand and supply levels.

Demand for natural gas tends to rise in the summer months as warmer temperatures increase the need for gas-fired electricity to power air conditioning.

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CAPITAL STROKE COMMODITY UPDATE 28 MAY 2014 : : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1180 R1-1170 S1-1140 S2-1125.Nickel gained as support seen after report showed that US consumer confidence rose in May while and US durable goods orders rose 0.8% in April.Traders also continued to mull the likelihood that China would enact fresh stimulus measures to support its slowing economy.Technically market is under short covering as market has witnessed drop in open interest by -4.09% to settled at 6989.

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CAPITAL STROKE COMMODITY UPDATE28 MAY 2014 :: MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-126 R1-124.5 S1-121 S2-119.Zinc prices ended with gains as some support seen after data showed that US May PMI and Conference Board’s CCI were both positive.In the US, orders for durable manufactured goods increased 0.8% MoM in April, exceeding the 0.7% decline expectedZinc daily stocks at Shanghai exchange came down by 2299 tonnes. 

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CAPITAL STROKE COMMODITY UPDATE 28 MAY 2014 :: MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-426 R1-422 S1-410 S2-406.Copper settled above 415 level as support continuous to be seen after stronger US economic data and hopes of stimulus from Chinese government.China’s Refined Copper Output Grows by 15,000 Tonnes in Apr. 2014Investors should keep close watch on economic reports from euro zone member countries, which could provide clues about the ECB’S fresh interest rate meet. 

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CAPITAL STROKE COMMODITY UPDATE 28 MAY 2014 :: MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6280 R1-6200 S1-6080 S2-6000.Crude recovered from the losses as support seen on concerns that Libyan oil exports fell further and conflict in the Ukraine could raise the risk premium.Upbeat U.S. data cushioned losses by stoking expectations that demand will increase in the world's largest consumer of crude.This week's official data will publish on Thursday, due to Monday's holiday, though expectations that supply is large enough

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CAPITAL STROKE COMMODITY UPDATE 28 MAY 2014 : MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-43500 R1-42000 S1-39000 S2-37500 .Silver ended lower as pressure seen after positive U.S. housing and consumer confidence data sparked demand for the dollarOrders for long-lasting U.S. manufactured goods unexpectedly rose in April and consumer confidence perked up in May, supporting rebound in economic growth.Tuesday's data renewed market expectations 

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CAPITAL STROKE COMMODITY UPDATE 28 MAY 2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27400 R1-27100 S1-26700 S2-26500 Gold settled down continued to be soften since last week following the RBI's decision to ease curbs.Comex Gold dropped to test $1260 to the lowest level in more than 15 weeks as U.S. economic data that beat estimatesSPDR gold trust holdings gained by 8.39 tonnes i.e. 1.08% to 785.28 tonnes from 776.89 tonnes. For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704

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CAPITAL STROKE COMMODITY UPDATE 27 MAY 2014 MCX ALUMINUM

Aluminium trading range for the day is 103.8-105.6.Aluminium rose after RUSAL, said it expects aluminium markets to be in deficit by 1.3Mt in 2014.Aluminum prices upside seen limted due to growing supply expectations against the closing of peak-demand seasonAluminium daily stocks at Shanghai exchange came down by 1249 tonnes.

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CAPITAL STROKE COMMODITY UPDATE 27 MAY 2014: MCX NATURAL GAS

 Natural gas trading range for the day is 255.1-262.5.Natural gained as support seen from Rupee weakness while trade volumes were light with markets in U.S. remained shut for Memorial Day holiday.Last week the U.S. Energy Information Administration said that natural gas storage in the U.S. rose by 106 billion cubic feet.Early injection estimates for this week’s storage data range from 104 billion cubic feet to 109 billion cubic feet.

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CAPITAL STROKE COMMODITY UPDATE 27 MAY 2014:: MCX CRUDE OIL

CAPITAL STROKE COMMODITY UPDATE  27 MAY 2014:: MCX CRUDE  OIL

Crude gained as geopolitical tensions in Ukraine and uncertainty over OPEC producer's Libya production continued to support prices.China's commercial crude oil inventories at the end of April rose 0.56 percent from a month earlier on high imports.Worries about supply disruptions from Russia have eased a bit following successful completion of elections in Ukraine.

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CAPITAL STROKE COMMODITY UPDATE 27 MAY 2014:: MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-426 R1-422 S1-412 S2-406
Copper gained as seasonally strong demand put pressure on tight supplies amid modest trading volumes given holidays in Britain and US.
China’s refined copper imports from Europe’s top three suppliers to China, fell by 25,000 tonnes, or 44.4%, during April.

ECB officials said they were drafting plans that may possibly be proposed at June’s policy meeting, including lower interest rate and liquidity injection.

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CAPITAL STROKE COMMODITY UPDATE 27 MAY 2014: : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1180 R1-1165 S1-1140 S2-1125.Nickel prices supported on supply concerns as Indonesia, the largest supplier to China, banned ore exports to spur investment in domestic smelters.The nickel-fueled gains may not last as China may build smelters in Indonesia to get around the ban.Technically market is under short covering as market has witnessed drop in open interest by -4.94% to settled at 7287.
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CAPITAL STROKE COMMODITY UPDATE 27 MAY 2014:: MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-126 R1-124 S1-121 S2-119 .Zinc gained amid growing optimism over the health of the U.S. economy and speculation demand from China will increase in near-term.ECB President said that central bank may employ LTRO and ABS purchasing program, probably in June, responding to the stubbornly low inflation.Zinc daily stocks at Shanghai exchange came down by 3709 tonnes.
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CAPITAL STROKE COMMODITY UPDATE 27 MAY 2014: MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-44500 R1-43000 S1-39000 S2-37500
Silver prices edged higher as market players monitored developments tied to the elections in Ukraine over the weekend.
Investors were also eyeing developments in Ukraine, after it launched air strikes and a paratrooper assault against pro-Russian rebels.

Trade volumes remained light with U.K. markets closed for a public holiday and markets in the U.S. remaining shut for the Memorial Day holiday.



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CAPITAL STROKE COMMODITY UPDATE 27 MAY 2014: MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28000 R1-27700 S1-27100 S2-26700 .Gold prices seen supported from developments in Ukraine where pro-West billionaire Petro Poroshenko notched an emphatic win in presidential election.Market will be focused on an ECB meeting next week when the bank is expected to take steps to ease monetary policy furtherRecent outflows from gold funds have indicated that investor sentiment remains fragile.
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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 27 MAY 2014

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-426 R1-422 S1-412 S2-406
LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-129 R1-127 S1-123 S2-121
ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-126 R1-124 S1-121 S2-119
NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1180 R1-1165 S1-1140 S2-1125
CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28000 R1-27700 S1-27100 S2-26700
SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-44500 R1-43000 S1-39000 S2-37500
CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6300 R1-6250 S1-6120 S2-6050



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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 23 MAY 2014

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-418 R1-412 S1-404 S2-398
LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-127 R1-125 S1-121 S2-119
ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-125 R1-123 S1-119.5 S2-118
NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1180 R1-1165 S1-1135 S2-1120
CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27800 R1-27500 S1-27000 S2-26700
SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-43500 R1-42500 S1-39000 S2-37500
CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6200 R1-6140 S1-6030 S2-5950


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CAPITAL STROKE COMMODITY UPDATE 23 MAY 2014: MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27800 R1-27500 S1-27000 S2-26700 
Gold dropped nearly Rs.1000 in 2 session to hit ten-month low after the Reserve Bank eased import norms.
Comex Gold steady near to $1300 as support seen after Fed's latest policy meeting suggested not to raise interest rates soon.
SPDR Gold Trust said its holdings fell 3.3 tonnes to 776.89 tonnes on Wednesday - the lowest since December 2008.

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CAPITAL STROKE COMMODITY UPDATE 23 MAY 2014: MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-43500 R1-42500 S1-39000 S2-37500
Silver prices seen supported after the U.S. Federal Reserve indicated no intention to raise interest rates soon.
Fes’s minutes revealed U.S. central bank plans to continue tapering its monthly bond-buying program and rely on other tools to normalize monetary policy.
Holdings at ishares silver trust dropped by 0.35% i.e. 35.86 tonnes to 10284.40 tonnes from 10320.26 tonnes.

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CAPITAL STROKE COMMODITY UPDATE 23 MAY 2014:: MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-418 R1-412 S1-404 S2-398 
Copper recovered from lows to settle flat as investors cheered better than expected manufacturing data out of China.
The ICSG estimates that from Jan to Feb, world copper markets have moved from a surplus of 105kt in 2013 to a deficit of 128kt in 2014.
In euro zone, data showed that manufacturing activity in the single currency bloc expanded at the slowest rate in six months in May.


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CAPITAL STROKE COMMODITY UPDATE 23 MAY 2014:: MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6200 R1-6140 S1-6030 S2-5950
Crude oil dropped as investors took profit on a rally that was driven by ongoing violence in Libya and positive economic data in China and the United States.
The oil market has also been supported by the conflict in Ukraine - a main gas supply route for Europe from Russia.
The ongoing conflict in Libya underpinned prices as the OPEC member's major western oilfields were still closed.


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CAPITAL STROKE COMMODITY UPDATE 23 MAY 2014:: MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-125 R1-123 S1-119.5 S2-118
Zinc ended with losses as firmness in rupee weighed despite both China's and US manufacturing data in May topped expectations.
In US, the preliminary Markit manufacturing PMI rose to 56.2 in May, while the existing home sales for April grew for the first time this year to 4.65 million.

China Zinc Demand Growth to Slow to 3% in 2014.

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CAPITAL STROKE COMMODITY UPDATE 23 MAY 2014: : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1180 R1-1165 S1-1135 S2-1120
Nickel gained tracking firmness in LME nickel prices as upbeat US PMI and home sales data drove up nickel prices.
HSBC's May PMI for China was 49.7, but topped expectations, a signal that China's manufacturing is improving.

The US existing home sales for April were slightly lower than forecast, but improving regional manufacturing data too supported.

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CAPITAL STROKE COMMODITY UPDATE 23 MAY 2014: MCX NATURAL GAS

Natural gas trading range for the day is 248-266.8.
Natural gas prices fell after a weekly U.S. supply report revealed that inventories rose more than expected last week.
The U.S. EIA said in its weekly report that natural gas storage in the U.S. rose by 106 billion cubic feet.

Weather forecast called for mild springtime temperatures in the coming days, which was seen lowering demand for heating.

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CAPITAL STROKE COMMODITY UPDATE 23 MAY 2014 MCX ALUMINUM

Aluminium trading range for the day is 101.1-103.9.
Aluminium prices gained boosted by the higher-than-expected HSBC China manufacturing PMI for May.
In the euro zone, France’s flash manufacturing PMI dropped to 49.3 in May, the first fall in last three months.

Disappointing US initial jobless claims were overshadowed by upbeat manufacturing PMIs out of China and the US and rising existing home sales in the US.

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CAPITAL STROKE COMMODITY UPDATE 22 MAY 2014: : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1165 R1-1150 S1-1125 S2-1110
Nickel dropped on profit booking and extended weakness amid a weak trend in global markets and subdued demand
High nickel stocks unlikely to bring rally to an end

London Metal Exchange nickel inventories have increased 7 percent since Jan. 12, when Jakarta slapped on the ban.

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CAPITAL STROKE COMMODITY UPDATE 22 MAY 2014:: MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-125 R1-123 S1-119.5 S2-118
Zinc dropped after the news that Moody’s decided to slash its rating for China’s property market from stable to negative
Prices look to hold support at 120 level as support seen after report that the global refined zinc market moved deeper into deficit in first quarter of 2014

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CAPITAL STROKE COMMODITY UPDATE 22 MAY 2014:: MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-420 R1-414 S1-404 S2-398
Copper drifted lower as traders took profits after prices failed to build on gains, suggesting lukewarm appetite from consumers.
Copper prices have been well-supported in recent sessions amid growing concerns over a shortfall in supply in the near-term.


China's HSBC May flash manufacturing PMI rose to 49.7, well above expectations of matching the April reading of 48.1.
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CAPITAL STROKE COMMODITY UPDATE 22 MAY 2014:: MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6250 R1-6180 S1-6050 S2-5980

Crude oil gained after the government reported a large draw in commercial crude stocks, while renewed fighting in Libya that kept output low boosted prices.
The U.S. Energy Information Administration said in its weekly report that U.S. crude oil inventories decreased by 7.2 million barrels


Libya's major western oilfields remain closed 10 days after the government said protesters blocking pipeline flows had agreed to leave.
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CAPITAL STROKE COMMODITY UPDATE 22 MAY 2014: MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28100 R1-27800 S1-27100 S2-26800
Gold trading range for the day is 26728-28600.
Gold settled down as pressure seen after the news of liberalisation of gold import norms.
India's central bank eased tough gold import rules on Wednesday by allowing seven more private agencies to ship the precious metal.

SPDR Gold Trust, said its holdings fell 3.3 tonnes to 776.89 tonnes on Wednesday - the lowest since December 2008.
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CAPITAL STROKE COMMODITY UPDATE 22 MAY 2014 MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-43500 R1-42500 S1-39000 S2-37500
Silver prices ended with losses as pressure tracking weak gold prices as the dollar climbed and equities maintained gains.
The Fed has been tapering its asset-purchasing program this year amid signs that the recovery in the labor market is continuing.
New York Fed President William Dudley reiterated the central bank’s dovish stance, saying the pace of rate hikes was likely to be “slow”.
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