CAPITAL STROKE COMMODITY UPDATE 12 MARCH 2014 : MCX NATURAL GAS

Naturalgas trading range for the day is 276.3-289.1.

Natural gas settled flat as markets began to look towards next week's arrival of spring, which brings milder temperatures and curbs demand for heating.
Spring and fall see the weakest demand for natural gas in the U.S, as the absence of extreme temperatures curbs demand.
Total U.S. natural gas storage stood at 1.196 trillion cubic feet as of last week, the lowest for this time of year since 2004.
Technically market is under fresh buying as market has witnessed gain in open interest by 0.45% to settled at 11379

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CAPITAL STROKE COMMODITY UPDATE 12 MARCH 2014 : MCX NICKEL

Nickel trading range for the day is 931.1-969.5.


Nickel ended with small gains as the market lacked solid news overnight, but strong long momentum.

Data released showed that Chinese exports fell 18.1% on-year in February, defying expectations for a 6.8% increase

When combined with China's sluggish February import and exports data, concerns over China's demand increased.

Warehouse stock for Nickel at LME was at 270714mt that is down by -486mt.

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CAPITAL STROKE COMMODITY UPDATE 12 MARCH 2014 : MCX ALUMINIUM

Aluminium trading range for the day is 103.8-108.8.

Aluminium ended with losses as bearish sentiment dominated markets again with a lack of encouraging news.
A separate report showed that the annual rate of inflation in China slowed to 2.0% in February, from 2.5% in January.
Aluminium daily stocks at Shanghai exchange came up by 3645 tonnes
Warehouse stock for Aluminium at LME was at 5276675mt that is down by -9025mt.

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CAPITAL STROKE COMMODITY UPDATE 12 MARCH 2014 : MCX SILVER

Silver recovered to settled flat as market players continued to monitor the ongoing standoff between Russia and the West over Ukraine.

Gains were limited amid growing expectations that the Federal Reserve will continue to gradually reduce the pace of its asset purchase program.

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

China's data showed exports unexpectedly tumbled in February, swinging the trade balance into deficit.

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CAPITAL STROKE COMMODITY UPDATE 12 MARCH 2014 : MCX COPPER

Copper trading range for the day is 391.4-420.6.


Copper dropped as growing concerns over the health of China’s economy dampened demand for growth-linked assets.

The significant decline in China’s exports led to a deficit of $22.98 billion last month, compared to a surplus of $31.86 billion in January.

Copper daily stocks at Shanghai exchange came up by 2492 tonnes

Warehouse stock for Copper at LME was at 257600mt that is down by -7800mt.

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CAPITAL STROKE COMMODITY UPDATE 12 MARCH 2014 : MCX ZINC

Zinc trading range for the day is 119.7-126.7.


Zinc prices ended with losses due to growing concerns over China's demand

Markets remained plagued by concern about China’s soft metals demand, the Ukraine geopolitical crisis.

Zinc daily stocks at Shanghai exchange came down by 297 tonnes

Warehouse stock for Zinc at LME was at 798825mt that is up by 6450mt.

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CAPITAL STROKE COMMODITY UPDATE 12 MARCH 2014 : MCX CRUDE OIL

Crudeoil trading range for the day is 6039-6267.


Crude oil dropped on expectations of an increase in stockpiles in the world's biggest oil consumer as cold weather ebbed, reducing demand for heating

fuels.

U.S. crude stocks rose last week, while gasoline and distillate inventories decreased, data from industry group the American Petroleum Institute showed.

Today crude oil inventories: EXP: 2.1M PREV: 1.4M. Actual is at 8.00PM


Investors were eyeing OPEC's monthly supply-and-demand report, which will be followed by that of the IEA on Friday

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LEAD TREND FOR TODAY-26-Feb-2014

Lead is bearish for medium-long term .Currently Lead is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Lead is in HOLD LONG position.Positionally Immediate support for Lead is 129.Resistance for the Lead is 133-134-135-

Short term and Intraday Level of LEAD

Currently Lead is in SELL position The Lead is in downtrend For short term buy only if close above 132.0 The Lead is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 131.5 with a stop at 129.4 Below 128.9 go for sell
Intraday Resistance of LEAD are 131.3 : 132.2 : 136 : 138.4 : 141.9 : 145.4 : 147.9 : 150.4
Intraday Support of LEAD are 129.1 : 128.2 : 124.6 : 122.2 : 119 : 115.9 : 113.6 : 111.4

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CRUDE OIL TREND FOR TODAY- 26-Feb-2014

Crudeoil is in long- medium- short-medium- short- term bull phase .Currently Crudeoil is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Crudeoil is now trading in overbought level. The Crudeoil is now trading in overbought level. The oscillator is showing SELL signal For short term The current position is BUY .Positionally Support for the Crudeoil is 6236-6174-6056-6023-6012-.Resistance for the Crudeoil is 6337-

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD SHORT position Crudeoil has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below6222.9 Buy if above 6437.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 6385.4 with a stop at 6257.2 Below 6222.9 go for sell
Intraday Resistance of CRUDEOIL are 6366 : 6417.5 : 6423.7 : 6440.3
Intraday Support of CRUDEOIL are 6242 : 6190.5 : 6185.5 : 6169.1

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COPPER TREND FOR TODAY- 26-Feb-2014

Copper is bearish for medium-long term .Currently Copper is in strong uptrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Immediate support for Copper is 439.Resistance for the Copper is 448-450-454-457-

Short term and Intraday Level of COPPER

Currently Copper is in HOLD SHORT position The Copper is in downtrend For short term buy only if close above 449.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 448.4 with a stop at 442.2 Below 440.7 go for sell
Intraday Resistance of COPPER are 447.5 : 450 : 455.2 : 459.6 : 465.9 : 472.2 : 476.7 : 481.3
Intraday Support of COPPER are 441.6 : 439.1 : 434.1 : 429.7 : 423.7 : 417.7 : 413.5 : 409.3

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