CAPITAL STROKE COMMODITY UPDATE 20 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

tracking gains in the overseas market after a report said that supplies at Cushing fell 989,000 barrels to 29.8 million barrels last week. Overall US

crude oil stockpiles rose 5.85 million barrels to 375.9 million barrels last week.

Crude oil futures may trade on a cautious note today ahead of the key US jobless claims and existing home sales data which may offer further cues

over the health of the US economy. At the MCX, Crude Oil futures, for the March 2014 contract closed at Rs 6,109 per barrel, up by 0.53 per cent,

after opening at Rs 6,055, against a previous close of Rs 6,077. It touched an intra-day high of Rs 6,135.



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CAPITAL STROKE COMMODITY UPDATE 19 MARCH 2014: MCX SILVER

Silver trading range for the day is 44953-47043.

Silver dropped as investor sentiment improved following a speech by Russian President Vladimir Putin, but mixed U.S. data on housing and inflation continued to weigh.

But better-than-expected U.S. jobs and industrial output reports over the past week indicated the U.S. economy was improving after a winter slowdown.

Data showed the number of building permits issued in the U.S. rose to a four-month high in February, rebounding after a sharp drop in January.

U.S. housing starts fell 0.2% last month to hit a seasonally adjusted 907,000 units, disappointing expectations for an increase of 3.4%

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CAPITAL STROKE COMMODITY UPDATE 19 MARCH 2014: MCX GOLD

Gold trading range for the day is 29984-30460.

Gold dropped as European equities rebounded after Russian President Vladimir Putin's latest comments on Crimea lifted appetite for risk.

Putin said Russia does not want to seize more of Ukraine after approving plans to make Crimea part of Russia.

The U.S. central bank is expected to stick to reducing its monthly asset purchases by an additional $10 billion.

A series of U.S. economic data showing growth has been hurt by severe cold weather in the first two months of the year had hit the dollar.

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CAPITAL STROKE COMMODITY UPDATE 19 MARCH 2014: MCX COPPER

Copper trading range for the day is 398.1-407.7.

Copper recovered from lows as risk assets gained favour on a slight easing of tensions over Crimea, forcing covering of short positions.

China's refined copper output in the first two months of 2014 rose 6.57% from the same period a year earlier as smelters continued to expand capacity.

Market expects the Fed to stay on track to taper off its bond buying program at the FOMC meeting this week

Warehouse stock for Copper at LME was at 271750mt that is up by 18375mt.


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CAPITAL STROKE COMMODITY UPDATE 19 MARCH 2014: MCX NICKEL

Nickel trading range for the day is 968.1-1001.7.

Nickel as an Indonesian ban on unprocessed ore coupled with geopolitical tensions between Russia and the West sparked fears of a supply shortage.

Still, nickel inventories are high as users built up stockpiles in anticipation of the Indonesian ban.

The US housing starts decreased 0.2% to a seasonally adjusted annual rate of 907,000, lower than the 910,000 expected.

Warehouse stock for Nickel at LME was at 270930mt that is up by 120mt.

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CAPITAL STROKE COMMODITY UPDATE 19 MARCH 2014: MCX ALUMINIUM

Aluminium trading range for the day is 103.3-104.9.

Aluminium rose as the geopolitical crisis in Ukraine overnight didn’t further escalate, while US economic reports also showed some improvement

In Europe, the ZEW’s current conditions index for Germany and euro zone both picked up, but ZEW Economic Expectations declined

Aluminium daily stocks at Shanghai exchange came down by 1730 tonnes

Warehouse stock for Aluminium at LME was at 5227200mt that is down by -9275mt

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CAPITAL STROKE COMMODITY UPDATE 19 MARCH 2014 : MCX NATURAL GAS

Naturalgas trading range for the day is 269.9-279.7.

Natural gas dropped as forecasts for mild weather in the near-term was expected to reduce demand for the heating fuel.

The Commodity Weather Group said the weather would be mostly normal in parts of the Midwest and Southeast through March 22 before turning colder.

Total U.S. natural gas storage stood at 1.001 trillion cubic feet, the lowest for this time of year since 2003.

The heating season from November through March is the peak demand period for U.S. gas consumption



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CAPITAL STROKE COMMODITY UPDATE 19 MARCH 2014: MCX ZINC

Zinc trading range for the day is 118.6-122.
Zinc prices ended with gains due to easing Ukraine crisis and upbeat US stocks
The US CPI climbed a mere 0.1% MoM in February, which was right in line with expectations.
Zinc daily stocks at Shanghai exchange came down by 701 tonnes.
Warehouse stock for Zinc at LME was at 790925mt that is down by -3475mt.
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CAPITAL STROKE COMMODITY UPDATE 18 MARCH 2014: MCX SILVER

Silver trading range for the day is 46310-47286.
Silver dropped tracking weak gold prices after Crimea voted to join Russia and leave Ukraine on Sunday with no widespread violence
Fed will most likely to announce another $10 billion cut to its bond-buying stimulus after solid U.S. retail sales and employment data
Investors remained cautious after Russia launched new military exercises near its border with Ukraine, showing no sign of backing down on plans to annex

Crimea.
Markets were also jittery after data showed that Chinese industrial production rose 8.6% in the first two months of 2014, missing market expectations.

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CAPITAL STROKE COMMODITY UPDATE 18 MARCH 2014: MCX GOLD

Gold trading range for the day is 30217-30645.
Gold prices fell as a sharp rally in U.S. equities triggered profit-taking after bullion briefly rose in last some sessions.
Investors' appetite for risk diminished in view of increasing political tensions and economic troubles, which benefit gold.
SPDR gold trust holding dropped by 3.81 tonnes i.e. 0.47% to 812.78 tonnes from 816.59 tonnes.
The market was now awaiting the U.S. Federal Reserve's policy meeting on March 18-19.

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