CAPITAL STROKE UPDATE 4 APRIL 2014 : MCX GOLD

Gold trading range for the day is 27887-28367. Gold gained but pressure seen on higher side after disappointing U.S. jobless claims data and as investors digested comments from ECB President. ECB opened the door to turning on its money printing presses to boost the euro zone economy and keep inflation from staying too low Indian gold imports likely jumped in March from around 25 tonnes in February after the central bank allowed more private...

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CAPITAL STROKE UPDATE 4 APRIL 2014 : MCX CRUDE OIL

A China services gauge rose to 51.9 in March from 51 in the previous month. Crude oil futures may trade subdued today as investors stay cautious over the US jobs data which may offer further cues over the health of the country’s economy. At the MCX, Crude Oil futures, for the April 2014 contract closed at Rs 6,058 per barrel, up by 1.58 per cent, after opening at Rs 5,970, against a previous close of Rs 5,964. It touched an intra-day high of...

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CAPITAL STROKE UPDATE 4 APRIL 2014 : MCX NATURAL GAS

Natural Gas surged in the domestic market on Thursday as investors and speculators booked fresh positions in the energy commodity after US gas stockpiles fell last week, signaling improving demand for the fuel in the world’s biggest economy. At the MCX, Natural gas futures for April 2014 contract closed at Rs. 270.10 per mmBtu, up by 2.5 per cent, after opening at Rs 262.80, against the previous closing price of Rs 263.50. It touched an intra-day...

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CAPITAL STROKE UPDATE 4 APRIL 2014 : MCX COPPER

Copper trading range for the day is 400.8-409.2. Copper traded in range as support seen after China unveiled a mini-stimulus package but disappointing seen as market expectations for more drastic measures The U.S. trade deficit unexpectedly widened in February as exports hit a five-month low Despite a strong aftershock in Chile, production at copper mines in north of the country were little affected. For more details visit: http://www.capitalstroke.com/...

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CAPITAL STROKE UPDATE 4 APRIL 2014 : MCX ZINC

Zinc trading range for the day is 118.1-121.5 Zinc gained after China's government announced a modest package of stimulus measures to shore up its flagging economy. The global market for refined zinc is expected to be in deficit by 117,000 tonnes this year - ILZSG Zinc daily stocks at Shanghai exchange came down by 376 tonnes For more details visit: http://www.capitalstroke.com/ or contact on 0731-32997...

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CAPITAL STROKE UPDATE 4 APRIL 2014 : MCX NICKEL

Nickel trading range for the day is 963.5-998.3. Nickel prices gained as support after weakness in rupee despite data showed US initial jobless claims and foreign trade data were disappointing. HSBC’s China services Purchasing Managers’ Index rose to 51.9 last month from 51.0 in February The ECB chief Draghi said the euro zone was experiencing a mild recovery and suffered no deflation risk. For more details visit: http://www.capitalstroke.com/...

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CAPITAL STROKE UPDATE 4 APRIL 2014 : MCX SILVER

Silver futures ended lower in the domestic market on Friday as investors and speculators exited positions in the precious metal amid concerns that a pickup in the world’s biggest economy may prompt the US Federal Reserve to accelerate cuts in QE and raise interest rates sooner than anticipated, dimming the appeal of silver, a hedge against the inflationary risk of monetary stimulus. Silver futures for May 2014 contract, at MCX, closed at...

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CAPITAL STROKE COMMODITY UPDATE 27 MARCH 2014: MCX CRUDE OIL

Crude oil futures ended higher in the domestic market on Wednesday as investors and speculators booked fresh positions in the energy commodity as stockpiles in Cushing, Oklahoma fell for the eighth straight week while gasoline demand in the US rose to the highest level in three months, signaling upbeat fuel consumption in the world’s biggest oil consumer, the US. At the MCX, Crude Oil futures, for the April 2014 contract closed at Rs 6,040...

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CAPITAL STROKE COMMODITY UPDATE 26 MARCH 2014: MCX GOLD

Gold futures ended lower in the domestic market on Tuesday as a sharp appreciation in the rupee against the US dollar more than offset the slight gains seen in the precious metal in the overseas market. A stronger Indian currency against the greenback exerted downward pressure on domestic bullion prices. Gold futures for April 2014 contract, at MCX, closed at Rs. 28,898 per 10 grams, down by 0.90 per cent, after opening at Rs. 29,110, against the previous closing price of Rs 29,159. It touched an intra-day low of Rs 28,863. For more details...

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CAPITAL STROKE COMMODITY UPDATE 26 MARCH 2014: MCX CRUDE OIL

Crude oil futures ended lower in the domestic market on Tuesday as investors and speculators exited positions in the energy commodity after a report said that US crude oil stockpiles rose last week, signaling weakening demand for the fuel in the world’s biggest crude oil consumer. Crude oil futures may trade lower today ahead of data which may show that US crude oil stockpiles rose for the tenth week on the trot. At the MCX, Crude Oil futures, for the April 2014 contract closed at Rs 6,024 per barrel, down by 0.99 per cent, after opening at...

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CRUDE OIL TREND FOR TODAY-07-Oct-2013

Crudeoil is in long- term bull phase .Currently Crudeoil is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Crudeoil is now trading in oversold level. The Crudeoil is now trading in oversold level. The oscillator is showing SELL signal For short term Crudeoil is in HOLD SHORT position.Positionally Support...

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CRUDE OIL TREND FOR TODAY-30-Sep-2013

Crudeoil is in long- term bull phase .Currently Crudeoil is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Crudeoil is now trading in oversold level. The Crudeoil is now trading in oversold level. The oscillator is showing BUY signal For short term Crudeoil is in HOLD SHORT position.Positionally Support for the Crudeoil...

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CRUDE OIL TREND FOR TODAY-28-Sep-2013

Crudeoil is in long- term bull phase .Currently Crudeoil is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Crudeoil is now trading in oversold level. The Crudeoil is now trading in oversold level. The oscillator is showing SELL signal For short term Crudeoil is in SELL position.Positionally Support for...

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COPPER TREND FOR TODAY-28-Sep-2013

Copper is in long- medium- short- term bull phase .Currently Copper is moving sideways The oscillator is on BUY Signal and Copper is recovering from oversold level .In last 1 month volatality is very less and fresh Buy can be considered in the Copper if it close above475 or buy with strict stop at 449. The oscillator is on BUY Signal and Copper is recovering from oversold level For short term Copper is in HOLD SHORT position.Positionally...

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CRUDE OIL TREND FOR TODAY-23-Sep-2013

Crudeoil is in long- term bull phase .Currently Crudeoil is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Crudeoil is now trading in oversold level. The Crudeoil is now trading in oversold level. The oscillator is showing SELL signal For short term Crudeoil is in SELL position.Positionally Support for the...

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CRUDE OIL TREND FOR TODAY-17-Sep-2013

Crudeoil is in long- medium- term bull phase .Currently Crudeoil is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Crudeoil is in SELL position.Positionally Support for the Crudeoil is 6701-6468-6195-.Resistance for the Crudeoil is 7004-7061-7099- Short term and Intraday Level of CRUDEOIL Currently...

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COPPER TREND FOR TODAY-17-Sep-2013

Copper is in long- medium- term bull phase .Currently Copper is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Copper is in SELLposition.Positionally Support for the Copper is 451-438-431-.Resistance for the Copper is 469-478- Short term and Intraday Level of COPPER Currently...

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COPPER TREND FOR TODAY-13-Sep-2013

Copper is in long- medium- term bull phase .Currently Copper is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Copper Noting point is selling at lower levels seems decreasing. The Copper is now trading in overbought level. The Copper is now trading in overbought level. The oscillator is showing SELL signal For short term...

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CRUDE OIL TREND FOR TODAY-12-Sep-2013

Crudeoil is in long- medium- term bull phase .Currently Crudeoil is showing some down move and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Crudeoil is inSELL position.Positionally Support for the Crudeoil is 6656-6403-6129-.Resistance for the Crudeoil is 7024-7167-7205- Short term and Intraday Level...

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COPPER TREND FOR TODAY-11-Sep-2013

Copper is in long- medium- term bull phase .Currently Copper is showing some down move and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend . Caution note selling at lower levels seems decreasing. The Copper is now trading in overbought level. The Copper is now trading in overbought level. The oscillator is showing SELL signal For short term Copper is in SELL position and...

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