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 18 MARCH 2014: MCX NICKEL

Nickel trading range for the day is 962.1-982.3.

Nickel rose on fears about the potential for sanctions on Russia and jitters about limited supply from Indonesia due to an export ban there

In the US, February industrial output rose 0.6% on the month, exceeding the 0.2% growth expected

In China, another default was reported with Zhejiang Xingrun Real Estate failing to repay its debt.


Warehouse stock for Nickel at LME was at 270810mt that is down by -204mt.




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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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