CAPITAL STROKE COMMODITY UPDATE 15 APRIL 2014 : MCX COPPER

Copper trading range for the day is 404.4-410.8.
Copper prices settled flat after as US dollar index gained as data showed US retail sales posted its biggest rise since September 2012 in March
The Ukraine crisis continued to escalate, with EU announcing to expand sanctions on Russia, fueling market concerns.
The euro zone February factory output matched forecast by rising 0.2% MoM, with January’s data revised from a 0.2% decline to a 1.6% growth.

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CAPITAL STROKE COMMODITY UPDATE 15 APRIL 2014 : MCX ZINC

Zinc trading range for the day is 123-124.4.
Zinc gained as Ukraine crisis further intensified, market worried the sanctions imposed on Russia may affect its exports, supported prices.
US retail sales were reported up 1.1% on the month in March, its biggest gain since September 2012, gaining steam primarily from the auto industry.

Zinc daily stocks at Shanghai exchange came down by 732 tonnes.

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CAPITAL STROKE COMMODITY UPDATE 15 APRIL 2014 : MCX NICKEL

Nickel trading range for the day is 1040.7-1104.5.
Nickel rallied on renewed concerns over supply of the stainless steel material following Indonesia's move to stop ore exports.
Total nickel ore exports last year were around 64.8 million tonnes, and will fall 94 percent to 3.5 million tonnes this year, Indonesia's mines ministry said.

On Monday, nickel hit an intraday high of $17,917 a tonne - its strongest since Feb. 19 last year - before retreating to $17,845, up 2.56 percent.

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CAPITAL STROKE COMMODITY UPDATE 15 APRIL 2014 : MCX NATURAL GAS

Natural gas trading range for the day is 271.4-282.
Natural gas dropped as forecasts for seasonably mild U.S. temperatures typical of this time of year weighed on prices.
Forecasts for above-normal temperatures for pockets of the country cushioned losses though slightly.

Severely cold weather over this past winter saw natural gas stockpiles fall to 11-year lows, sparking the prices.

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CAPITAL STROKE COMMODITY UPDATE 11 APRIL 2014 : MCX GOLD

Gold trading range for the day is 28318-29046.

Gold gained after minutes from the Federal Reserve's policy meeting showed that officials were not keen on increasing interest rates anytime soon

Prices largely ignored data signalling a stronger U.S. job market, with the number of Americans filing new applications for unemployment benefits tumbling.

SPDR gold trust holding dropped by 0.26 tonnes i.e. 0.03% to 806.22 tonnes from 806.48 tonnes.

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CAPITAL STROKE COMMODITY UPDATE 11 APRIL 2014 : MCX CRUDE OIL

Crudeoil trading range for the day is 6191-6285.

Crude oil gained but upside was limited due to weak Chinese economic data and the potential of more supplies returning to the global market.

U.S. crude oil was supported slightly by news that U.S. jobless claims fell to their lowest level in 7 years.

China imported 23.52 million tonnes, or 5.54 million barrels per day of crude oil in March, customs data showed
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CAPITAL STROKE COMMODITY UPDATE 11 APRIL 2014 : MCX COPPER

Copper trading range for the day is 401.6-409.4.
Copper edged up supported by the prospect U.S. interest rates may not rise as soon as previously thought.
China's imports of copper rose 10.8 percent in March from February on expectations of increased seasonal demand through the second quarter.
Copper daily stocks at Shanghai exchange came down by 4748 tonnes

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CAPITAL STROKE COMMODITY UPDATE 11 APRIL 2014 : MCX NICKEL

Nickel trading range for the day is 999.8-1055.2.
Nickel rose as investors raised bullish bets after signs of stress in Chinese stainless steel markets following a ban on exports from Indonesia.
Reduced supply of nickel pig iron could mean that China increases its use of the higher-grade refined metal, underpinning global prices.

Technically market is under fresh buying as market has witnessed gain in open interest by 13.57% to settled at 9480.

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CAPITAL STROKE COMMODITY UPDATE 11 APRIL 2014 : MCX ALUMINIUM

Aluminium trading range for the day is 109.9-114.5.
Aluminium rose on prospects that U.S. interest rates would not rise as soon as previously thought.
China's overall exports unexpectedly fell for second straight month in March, and import growth dropped sharply, intensifying concerns about weak manufacturing.

Aluminium daily stocks at Shanghai exchange came up by 4349 tonnes.


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CAPITAL STROKE COMMODITY UPDATE 11 APRIL 2014 : MCX ZINC

Zinc futures ended higher in the domestic market on Thursday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for zinc in the domestic spot market. Investors shrugged off the weak Chinese trade data which showed a slump in the county’s exports and imports last month, raising concerns over a slowdown in the world’s second biggest economy, clouding the demand outlook for industrial metals. China is the world’s biggest metals consumer.

At the MCX, Zinc futures for April 2014 contract closed at Rs. 123.40 per 1 kg, up by 1.36 per cent, after opening at Rs. 122.05, against the previous closing price of Rs. 121.75. It touched an intra-day high of Rs 123.50.

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CAPITAL STROKE COMMODITY UPDATE 11 APRIL 2014 : MCX NATURAL GAS

Natural Gas futures ended higher in the domestic market on Thursday as investors and speculators booked fresh positions in the energy commodity tracking a firm trend in the overseas market after a lower than expected stockpiles-build in the US signaled improving demand for the fuel in the world’s biggest economy. US gas stockpiles rose by 4 billion cubic feet last week, compared to analysts’ estimates of a 13 billion cubic feet increase.

At the MCX, Natural gas futures for April 2014 contract closed at Rs. 283.40 per mmBtu, up by 2.50 per cent, after opening at Rs 276.70, against the previous closing price of Rs 276.50. It touched an intra-day high of Rs 284.10.

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CAPITAL STROKE COMMODITY UPDATE 10 APRIL 2014 : MCX ALUMINIUM

Aluminium trading range for the day is 107.4-112.6.
Aluminium rose after support seen on the news update from Alcoa forecast that global aluminum demand will exceed production this year
The minutes released Wednesday effectively eased market angst over the Fed’s possible rate hikes.
Aluminium daily stocks at Shanghai exchange came up by 598 tonnes.


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CAPITAL STROKE COMMODITY UPDATE 10 APRIL 2014 : MCX NATURAL GAS

Naturalgas trading range for the day is 269.7-280.5.
Natural gas gained as forecasts for cooler spring weather continued to underpin the demand outlook.
Today natural gas storage: Exp: 15B Prev: -74B. Actual is at 8.00PM
Severely cold weather over this past winter saw natural gas stockpiles fall to 11-year lows.

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CAPITAL STROKE COMMODITY UPDATE 10 APRIL 2014 : MCX NICKEL

Nickel trading range for the day is 979.8-1023.6.
Nickel gained as producers of an alternative to refined nickel in China are expected to cut output.
Fed officials believe FOMC meeting overestimated interest rate growth, and the US labor market is still sluggish, with US economy affected significantly.
Supply from the Philippines, the second-largest supplier to China last year, was also restricted in the first quarter of 2014 by rainy conditions.

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CAPITAL STROKE COMMODITY UPDATE 10 APRIL 2014 : MCX ZINC

Zinc trading range for the day is 120.9-123.1.
Zinc ended with small losses as market traded in the range due to the lack of positive news.
FOMC's March policy meeting minute expressed they will maintain low interest rates before the inflation rate reaches 2%.
Zinc daily stocks at Shanghai exchange came down by 574 tonnes.

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CAPITAL STROKE COMMODITY UPDATE 10 APRIL 2014 : MCX COPPER

Copper trading range for the day is 398.6-409.8.
Copper declined amid speculation an official scrutiny of debt proceeds in China, may lead to potential defaults, curbing demand for copper.
A report by the ICSG showed an even bigger projected global surplus of 400 000 tons as demand lags behind the output growth.
The global surplus of copper may reach 140 000 tons in 2014, almost four times larger than previously estimated as demand in China, slows.

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CAPITAL STROKE COMMODITY UPDATE 10 APRIL 2014 : MCX CRUDE OIL

Crude oil trading range for the day is 6108-6306.
Crude oil rose as rising tension between Russia and Ukraine overshadowed the bearish impact of a steep rise in crude oil stockpiles in US.
The U.S. Energy Information Administration said in its weekly report that U.S. crude oil inventories rose by 4.03 million barrels
OPEC is now expected to produce 36.15 mbpd of oil in 2014, 270,000 bpd more than the EIA's previous forecast in March.

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CAPITAL STROKE COMMODITY UPDATE 10 APRIL 2014 : MCX SILVER

Silver trading range for the day is 41772-43732.
Silver dropped as stronger dollar is making the metal less appealing and investors have pulled back slightly ahead of Fed meet.
Fed’s policy meeting revealed that U.S. monetary authorities voted unanimously to scrap a threshold calling for rate hikes once the unemployment rate hits 6.5%.
A better tone in the U.S. economy and easing geopolitical tensions had recently weighed heavily on bullion's appeal as a hedge.

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CAPITAL STROKE COMMODITY UPDATE 10 APRIL 2014 : MCX GOLD

Gold trading range for the day is 28237-28649.
Gold settled down while traded in the range as investor eyed on U.S. Federal Reserve for clues on the direction of the dollar.
The release of Fed minutes that eased concerns the central bank was set to hike interest rates soon after it ended its massive monetary stimulus later this year.
Investors continued to pull money out of gold-backed exchange-traded funds, raising the risk that price gains could be short lived.

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CAPITAL STROKE COMMODITY UPDATE 9 APRIL 2014 : MCX SILVER

Silver trading range for the day is 42999-43529.
Silver gained as investors expressed geopolitical jitters and eyed the U.S. Federal Reserve for clues on the direction of the dollar.
Fed Chair Janet Yellen has said slack labor markets will call for accommodative policies to stay in place for some time, which gave bullion a boost.
The next market focus will be the release on Wednesday of U.S. Federal Reserve minutes for the March FOMC meeting.

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