CAPITAL STROKE COMMODITY UPDATE 18 MARCH 2014: MCX COPPER

Copper trading range for the day is 398.1-408.5.
Copper ended with small losses amid expectations of ebbing demand growth in China.
NAHB housing index was only 47 in March, showing that home builders were less than optimistic about housing market
Copper weekly stocks at Shanghai exchange came down by 5977 tonnes
Warehouse stock for Copper at LME was at 253375mt that is up by 2075mt.


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CAPITAL STROKE COMMODITY UPDATE 18 MARCH 2014: MCX CRUDE OIL

Crudeoil trading range for the day is 5904-6082.

Crude oil dropped as ample global supplies outweighed concerns over continued tensions between Russia and the West over the fate of Crimea.

IEA said a surge in supply from Iraq and other oil producers should be more than sufficient to meet growing demand this year.

The IEA said Iraq's oil output surged by 530,000 barrels per day in February to 3.62 million bpd, the highest since 1979.

Slowing Chinese economic growth has raised concerns over oil demand in the world's second largest consumer.



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CAPITAL STROKE COMMODITY UPDATE 18 MARCH 2014: MCX ZINC

Zinc trading range for the day is 118.6-121.6.

Zinc seen pressure after over 90% voters supported Crimea to join Russia, in line with market expectations.

In the US, the Empire State manufacturing index improved slightly in March, and the country’s industrial output value grew at the fastest pace in February

Zinc daily stocks at Shanghai exchange came up by 226 tonnes

Warehouse stock for Zinc at LME was at 794400mt that is down by -3500mt.


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CAPITAL STROKE COMMODITY UPDATE 18 MARCH 2014 : MCX NATURAL GAS

Natural gas trading range for the day is 269.6-285.

Natural gas gained after updated weather forecasting models called for a cold snap to sweep across U.S. in the coming days and hike demand for heating in its wake.

Gains were limited, however, as seasonably mild temperatures were expected to settle in the eastern U.S. in the coming days to mark spring's arrival.

Updated weather-forecasting models called for above-normal temperatures across many areas in U.S. in next three to five days.

Europe receives 16 percent of its natural gas from Russia through Ukraine, the Energy Department's stat shop reported.



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CAPITAL STROKE COMMODITY UPDATE 18 MARCH 2014: MCX ALUMINIUM

Aluminium trading range for the day is 102.7-105.1.
Aluminium dropped due to escalation in the Ukraine crisis and concerns over Chinese economic growth.
The euro zone inflation for February was revised down to 0.7%, its lowest since October 2013
Aluminium daily stocks at Shanghai exchange came up by 56661 tonnes
Warehouse stock for Aluminium at LME was at 5236475mt that is down by -7225mt.




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CAPITAL STROKE COMMODITY UPDATE 14 MARCH 2014: MCX SILVER

Silver trading range for the day is 46079-47399.

Silver seen pressure following the release of upbeat U.S. data on retail sales and initial jobless claims.

The U.S. Commerce Department said that retail sales rose by 0.3% last month, beating expectations for a 0.2% increase.

Core retail sales, which exclude automobile sales, increased by 0.3% in February, compared to forecasts for a 0.2% increase.

Technically market is under fresh selling as market has witnessed gain in open interest by 1.4% to settled at 10312

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CAPITAL STROKE COMMODITY UPDATE 14 MARCH 2014: MCX GOLD

Gold trading range for the day is 30229-30735.

Gold gained as fears of economic slowdown in China and lingering worries about Russia's standoff with Ukraine over Crimea

boosted bullion's appeal

Earlier prices seen pressure after better-than-expected U.S. retail sales data supported expectations that Fed will continue

tapering its bullion-friendly monetary stimulus program.

SPDR gold trust holding gained by 2.10 tonnes i.e. 0.26% to 813.30 tonnes from 811.20 tonnes.

Report showed that the number of people who filed for unemployment assistance in the U.S. last week fell unexpectedly to hit a

14-week low of 315,000

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CAPITAL STROKE COMMODITY UPDATE 14 MARCH 2014: MCX COPPER

Copper trading range for the day is 395.8-406.4.
Copper seen under pressure as concerns about the economy China intensified following data showing weak industrial output and

retail sales.
Data released showed that industrial production in China rose by an annualized rate of 8.6% in the first two months of 2014
Copper inventories in warehouses monitored by the SHFE rose 4.6 percent last week to 207,320 tonnes.
Warehouse stock for Copper at LME was at 253275mt that is down by -2225mt.

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CAPITAL STROKE COMMODITY UPDATE 14 MARCH 2014: MCX NICKEL

Nickel trading range for the day is 945.1-983.9.

Nickel continued gains on concern that more sanctions will be imposed against Russia, disrupting supply already curbed by an

ore-export ban in Indonesia.

China’s fixed asset investment, industrial output, and retail sales all missed forecasts, a sign of the nation’s accelerating

economic slowdown.

ECB President Mario Draghi claimed the ECB is poised to introduce non-standard measures to tackle deflation.

Warehouse stock for Nickel at LME was at 270636mt that is up by 750mt.



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CAPITAL STROKE COMMODITY UPDATE 14 MARCH 2014: MCX ALUMINIUM

Aluminium trading range for the day is 103.8-106.6.
Aluminium dropped after weaker than expected Chinese economic data added to concerns over the health of the economy.
Report showed that Chinese retail sales rose by a smaller-than-forecast 11.8% in the same period, the slowest pace for the

first two months since 2004.
Aluminium daily stocks at Shanghai exchange came up by 7099 tonnes
Warehouse stock for Aluminium at LME was at 5255225mt that is down by -11575mt.


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CAPITAL STROKE COMMODITY UPDATE 14 MARCH 2014 : MCX NATURAL GAS

Natural gas trading range for the day is 262.4-279.2.

Natural gas dropped after data showed that U.S. natural gas supplies fell broadly in line with market expectations last week.

The U.S. EIA said in its weekly report that natural gas storage in the U.S. fell by 195 billion cubic feet

Supplies fell by 145 billion cubic feet in the same week a year earlier, while the five-year average is a decline of 95 billion.


Updated weather-forecasting models called for above-normal temperatures across many densely populated areas in the U.S. in

the next three to five days.



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CAPITAL STROKE COMMODITY UPDATE 14 MARCH 2014: MCX ZINC

Zinc trading range for the day is 119.8-122.8.

Zinc seen pressure as growing concerns over the health of China’s economy dampened demand for growth-linked assets.

China’s industrial output rose 8.6 percent in the first two months of 2014 from a year earlier, missing market expectations.

Zinc daily stocks at Shanghai exchange came down by 500 tonnes


Warehouse stock for Zinc at LME was at 796700mt that is down by -3450mt.


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CAPITAL STROKE COMMODITY UPDATE 14 MARCH 2014: MCX CRUDE OIL

Crudeoil trading range for the day is 5943-6077.

Crude oil gained on worries about disruption of supply prompted by the stand-off between Russia and Western powers over
Ukraine.

Implied oil demand in China fell 3.1 percent in the January-February period from a year earlier to roughly 9.98 million barrels

per day.

In the first test sale of crude from its emergency oil stockpile since 1990, the United States is offering a modest 5 million

barrels


Worries that escalation of the dispute could lead to disruption of supplies of oil from Russia, have underpinned prices.


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CAPITAL STROKE COMMODITY UPDATE 13 MARCH 2014: MCX GOLD

Gold trading range for the day is 30167-30699.

Gold rose as global uncertainty over economic growth and tensions in Ukraine burnished the metal's safe-haven appeal.

China's first bond default and weak data on exports have stoked concerns about the health of the world's second-biggest economy.

SPDR gold trust holding dropped by 1.50 tonnes i.e. 0.18% to 811.20 tonnes from 812.70 tonnes.

Demand for physical bullion and jewellery has dropped off due to the jump in prices.
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CAPITAL STROKE COMMODITY UPDATE 13 MARCH 2014: MCX COPPER

Copper trading range for the day is 393.1-411.1.

Copper rebounded from earlier losses as a sell-off triggered by concerns about the impact of credit problems in China was considered overdone

Prices bounced off lows as European industrial consumers went bargain hunting.

Copper inventories in Shanghai bonded warehouses are estimated to have more than doubled to 750,000-800,000 tonnes from 350,000

Warehouse stock for Copper at LME was at 255500mt that is down by -2100mt.
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CAPITAL STROKE COMMODITY UPDATE 13 MARCH 2014: MCX NICKEL

Nickel trading range for the day is 928.6-976.8.

Nickel gained extending its recent rally fuelled by concern about an Indonesian ban on unprocessed ore.

China’s large scale industrial added value and fixed asset investment should also be eyed given their significant impact on base metals price movement.

Technically market is under fresh buying as market has witnessed gain in open interest by 10.05% to settled at 8242

Warehouse stock for Nickel at LME was at 269886mt that is down by -828mt.
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CAPITAL STROKE COMMODITY UPDATE 13 MARCH 2014: MCX ALUMINIUM

Aluminium trading range for the day is 104.3-107.3.

Aluminium ended with gains as prices recovered from lows on short covering amid recovery in other base metals prices

Markets are eyeing more economic data from China to determine the state of the economy, after a recent bond default

Aluminium daily stocks at Shanghai exchange came up by 9530 tonnes

Warehouse stock for Aluminium at LME was at 5266800mt that is down by -9875mt.

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CAPITAL STROKE COMMODITY UPDATE 13 MARCH 2014 : MCX NATURAL GAS

Naturalgas trading range for the day is 266.7-289.7.
Natural gas dropped as markets bet that the arrival of spring next week will bring milder temperatures in the U.S. and curb demand for heating.
A late-season winter storm pummeling the central and eastern U.S. should give way to normal and even above-normal temperatures in the coming days
Today natural gas storage: EXP: -199B PREV: -152B. Actual is at 8.00PM
The EIA predicts that the gas industry will begin April with lower reserves than at any time since 2003   


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CAPITAL STROKE COMMODITY UPDATE 13 MARCH 2014: MCX CRUDE OIL

Crudeoil trading range for the day is 5868-6178.

Crude prices dropped after data revealed U.S. stockpiles shot up last week, stoking concerns the U.S. economy remains awash in crude oil.

The U.S. Energy Information Administration said in its weekly report earlier that U.S. crude oil inventories rose by 6.2 million barrels.

Prices came under additional pressure on reports that the U.S. plans to release up to 5 mln barrels of oil from its Strategic Petroleum Reserves

The U.S. Energy Information Administration cut its 2014 world oil demand growth forecast by 40,000 barrels per day to 1.22 million bpd.


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