CAPITAL STROKE COMMODITY UPDATE 21 APRIL 2014 : MCX COPPER

Copper trading range for the day is 402.2-410.4.
Copper rose as slightly better-than-expected Chinese growth data eased some fears about a hard landing in China.
The US Philly Fed manufacturing index climbed to 16.6 in April, higher than both the 9.8 expected and the 9.0 in March.

China’s FDI dropped 1.5% YoY in March and grew 5.5% in the first quarter, well below the 10.44% rise for the first two months.

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CAPITAL STROKE COMMODITY UPDATE 21 APRIL 2014 : MCX NICKEL

Nickel trading range for the day is 1062.8-1100.8.
Nickel gained amid growing concern about the availability of supply from Indonesia and Russia.
China started stockpiling the metal well ahead of the export ban.
Technically market is under short covering as market has witnessed drop in open interest by -1.84% to settled at 8592.

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CAPITAL STROKE COMMODITY UPDATE 21 APRIL 2014 : MCX NATURAL GAS

Natural gas trading range for the day is 265.6-296.4.
Natural gas jumped after data showed that U.S. natural gas supplies grew by a smaller than average amount for this time of year.
The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. rose by 24 billion cubic feet.

Producers typically replenish inventories between April and October, when demand is lower.

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CAPITAL STROKE COMMODITY UPDATE 21 APRIL 2014 : MCX ALUMINIUM

Aluminium trading range for the day is 109.4-112.8.
Aluminium settled down amid concerns that demand from China, the world's largest consumer, may wane.
China's money supply grew 12.1% in March from a year earlier, missing the PBOC’s target of 13% growth for the first time since April 2012.
Aluminium weekly stocks at Shanghai exchange came up by 8805 tonnes

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CAPITAL STROKE COMMODITY UPDATE 17 APRIL 2014 : MCX GOLD

Gold trading range for the day is 28178-28862.
Gold traded in the range and recovered from the lows supported by tensions in Ukraine.
U.S. data showed the housing market still dragging the U.S. economy.
SPDR gold trust holdings dropped by 8.39 tonnes i.e. 1.04% to 798.43 tonnes from 806.82 tonnes.

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CAPITAL STROKE COMMODITY UPDATE 17 APRIL 2014 : MCX SILVER

Silver trading range for the day is 41315-43307.
Silver gained after Federal Reserve Chair Janet Yellen said ideal employment and inflation conditions are over two years away
The Federal Reserve will keep benchmark interest rates low even as the economy improves to ensure sustained recovery.
U.S. industrial production rose 0.7% in March from February, beating expectations for a 0.5% reading, supported dollar.

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CAPITAL STROKE COMMODITY UPDATE 17 APRIL 2014 : MCX ZINC

Zinc trading range for the day is 122.2-125.8.
Zinc gained as support seen after National Bureau of Statistics of China said that Chinese Retail Sales rose to an annual rate of 12.2 per cent.
Encouraging reports from China gave a boost to the market, with its GDP reportedly up 7.4% in the first quarter.
The Fed’s Beige Book indicated that the US economy largely emerged from a weather-induced slump over the past six weeks.

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CAPITAL STROKE COMMODITY UPDATE 17 APRIL 2014 : MCX NICKEL

Nickel trading range for the day is 1019.4-1122.4.
Nickel prices rallied supported by escalating tensions between the West and Russia over the crisis in Ukraine.
Prices also gained as support seen after Goldman Sachs upgrades nickel forecast on Indonesian export ban.

Concerns about the potential for a disruption to Russian nickel supply in the event of any sanctions on exports also supports prices.

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CAPITAL STROKE COMMODITY UPDATE 17 APRIL 2014 : MCX ALUMINIUM

Aluminium trading range for the day is 108.1-113.5.
Aluminium ended with gains as encouraging reports from China gave a boost to the market.
As for economic data from the US and Europe, the US factory production rose 0.7% in March, higher than the 0.5% expected

Aluminium daily stocks at Shanghai exchange came up by 1441 tonnes

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CAPITAL STROKE COMMODITY UPDATE 17 APRIL 2014 : MCX COPPER

Copper futures ended higher in the domestic market on Wednesday as investors and speculators booked fresh positions in the industrial metal amid a firm overseas trend after a rise in US housing starts last month signaled an improving housing recovery in the world’s biggest economy, lifting the demand outlook for industrial metals. US housing starts rose 2.8 per cent to an annualized rate of 946,000 in March 2014 over the previous month.

At the MCX, copper futures for April 2014 contract closed at Rs. 404.70 per 1 kg, up by 1.19 per cent, after opening at Rs. 399.75, against the previous closing price of Rs. 399.95. It touched an intra-day high of Rs. 408.80.

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CAPITAL STROKE COMMODITY UPDATE 17 APRIL 2014 : MCX NATURAL GAS

Natural Gas futures ended lower in the domestic market on Wednesday as investors and speculators exited positions in the energy commodity tracking a weak trend in the overseas market as forecasts for warmer temperatures in the US dimmed the demand outlook for the heating fuel. The Commodity Weather Group LLC forecasted a mix of average and above-normal temperatures in the US from April 21 through April 25, 2014.

At the MCX, Natural gas futures for April 2014 contract closed at Rs. 274.40 per mmBtu, down by 0.69 per cent, after opening at Rs 275.10, against the previous closing price of Rs 276.30. It touched an intra-day low of Rs 273.50.

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CAPITAL STROKE COMMODITY UPDATE 16 APRIL 2014 : MCX GOLD

Gold trading range for the day is 27891-29191.
Gold plunged $20 in just a minute and in the 10 minutes of trading volume in U.S. gold measured nearly 20,000 lots, ahead of the release of data showing rising US consumer inflation.
Gold's sharp pullback came even as Ukrainian armed forces launched a 'special operation' against militiamen in the country's Russian-speaking east.

SPDR gold trust holding gained by 0.60 tonnes i.e. 0.07% to 806.82 tonnes from 806.22 tonnes.

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CAPITAL STROKE COMMODITY UPDATE 16 APRIL 2014 : MCX SILVER

Silver trading range for the day is 40758-43826.
Silver dropped on speculation that a gain in U.S. consumer prices will give the Federal Reserve more leeway to reduce monetary stimulus.
While sentiments that recent expectations for U.S. monetary policy to stay loose for some time to come may have been overblown added to the selloff.
The Labor Department reported that the U.S. consumer price index rose 0.2% in March, exceeding expectations for a 0.1% gain.

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CAPITAL STROKE COMMODITY UPDATE 16 APRIL 2014 : MCX CRUDE OIL

Crudeoil trading range for the day is 6182-6338.
Crude oil ended with small losses amid market expectations for Libyan ports to resume shipments and increase global supply
The American Petroleum Institute reported that U.S. crude stocks rose by 7.6 million barrels last week
Today crude oil inventories: Exp: 1.3M Prev: 4.0M. Actual is at 8.00PM.

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CAPITAL STROKE COMMODITY UPDATE 16 APRIL 2014 : MCX COPPER

Copper trading range for the day is 390.8-410.8.
Copper prices ended with losses as lousy data from China kindled market concerns.
The NY Empire State Manufacturing index released Tuesday fell short of forecast, and crisis in Ukraine worsened.
In China, the PBOC data showed new RMB lending was RMB 1.05 trillion, slightly higher than the RMB 1 trillion median value based on its survey.

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CAPITAL STROKE COMMODITY UPDATE 16 APRIL 2014 : MCX ZINC

Zinc trading range for the day is 121.6-125.
Zinc dropped as deteriorating Ukraine crisis and market concerns over China's economic data weighed on prices.
The US CPI rose 1.5% in March, beating the 1.4% expected and hitting the highest since last June.

Zinc daily stocks at Shanghai exchange came down by 303 tonnes.


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CAPITAL STROKE COMMODITY UPDATE 16 APRIL 2014 : MCX NICKEL

Nickel trading range for the day is 1019.5-1101.1.
Nickel ended with losses on profit booking but downside was limited as prices have more ability to rise further on renewed concerns over supply concerns.
ZEW Indicator of Economic Sentiment for euro zone edged lower to April’s 61.2, with the indicator tracking current economic situation improving
The NY Empire State Manufacturing index released Tuesday fell short of forecast, and crisis in Ukraine worsened.

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CAPITAL STROKE COMMODITY UPDATE 16 APRIL 2014 : MCX NATURAL GAS

Natural gas trading range for the day is 268.9-283.7.
Natural gas gained after a shot of cold air moving from the central to the eastern U.S. sparked fueled expectation for demand to spike.
A plume of cold air moving across the central and eastern U.S. sent natural gas prices rising, though profit-taking limited the gains.
Severely cold weather over this past winter saw natural gas stockpiles fall to 11-year lows, sparking concerns that producers may not be able to refill inventories.

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CAPITAL STROKE COMMODITY UPDATE 16 APRIL 2014 : MCX ALUMINIUM

Aluminium trading range for the day is 108.2-112.8.
Aluminium dropped on surprising fall in New York Fed’s manufacturing index for April and concerns over China slowdown
ZEW Economic Sentiment for Germany came in lower than the 45 forecast at 43.2 in April, down for the fourth month straight.
Aluminium daily stocks at Shanghai exchange came up by 18533 tonnes.

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CAPITAL STROKE COMMODITY UPDATE 15 APRIL 2014 : MCX SILVER

Silver trading range for the day is 42570-43694.
Silver gained as geopolitical tensions in Ukraine escalated and bolstered safe-haven appeal, offsetting the otherwise bearish effects of solid U.S. retail sales.
Solid data in the U.S. took a back seat to Ukraine-related unease.

The Commerce Department reported that U.S. retail sales rose 1.1% in March, exceeding expectations for a 0.8% gain.

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