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 ReservesThe U.S. Energy Information Administration cut its 2014 world oil demand growth forecast...

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CAPITAL STROKE COMMODITY UPDATE 13 MARCH 2014: MCX ZINC

Zinc trading range for the day is 119.7-124.1.Zinc dropped amid ongoing concerns over the health of China’s economy.With an absence of any major news, markets overnight were still preoccupied by tensions in Ukraine. Zinc daily stocks at Shanghai exchange came up by 1872 tonnesWarehouse stock for Zinc at LME was at 800150mt that is up by 1325mt.For more details contact : 0731-3299704 or Visit: http://capitalstroke.co...

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CAPITAL STROKE COMMODITY UPDATE 12 MARCH 2014 : MCX GOLD

Gold trading range for the day is 29810-30554. Gold rose as fears of a slowdown in Chinese economic growth and worries about the crisis in Ukraine sapped appetite for risk. Weak Chinese exports data for February is also making investors opt for safe-haven gold rather than equities. In a sign that confidence in the precious metal may be returning amid global uncertainties, SPDR exchange-traded fund saw its largest inflow in a month The Ukraine crisis sapped appetite for risk and weighed on U.S. equities, which also boosted gold demand. For...

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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%...

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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. For more details contact : 0731-3299704 or Visit: http://capitalstroke.co...

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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. For more details contact : 0731-3299704 or Visit: http://capitalstroke.co...

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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. For more details contact : 0731-3299704...

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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. For more details contact : 0731-3299704 or Visit: http://capitalstroke.co...

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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. For more details contact : 0731-3299704 or Visit: http://capitalstroke.co...

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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 For...

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