CAPITAL STROKE COMMODITY UPDATE 26 MARCH 2014 : MCX NATURAL GAS

Natural gas futures ended sharply higher in the domestic market on Tuesday as investors and speculators booked fresh positions in the energy commodity tracking firm global cues as forecast for snow storms in the US Northeast bolstered the demand outlook for the heating fuel.

The US National Weather Service forecasted a storm to form over the Atlantic which may hit the US Northeast coast while Blizzard warnings were issued in the region. At the MCX, Natural gas futures for March 2014 contract closed at Rs. 265.60 per mmBtu, up by 2.31 per cent, after opening at
Rs 259.60, against the previous closing price of Rs 259.60. It touched an intra-day high of Rs 266.50.

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

Read More

CAPITAL STROKE COMMODITY UPDATE 26 MARCH 2014: MCX CRUDE OIL

Crude oil futures ended lower in the domestic market on Tuesday as investors and speculators exited positions in the energy commodity after a report said that US crude oil stockpiles rose last week, signaling weakening demand for the fuel in the world’s biggest crude oil consumer.

Crude oil futures may trade lower today ahead of data which may show that US crude oil stockpiles rose for the tenth week on the trot. At the MCX, Crude Oil futures, for the April 2014 contract closed at Rs 6,024 per barrel, down by 0.99 per cent, after opening at Rs 6,077, against a previous close of Rs 6,084. It touched an intra-day low of Rs 5,994.

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

Read More

CAPITAL STROKE COMMODITY UPDATE 20 MARCH 2014 : MCX NATURAL GAS

Natural Gas futures ended lower in the domestic market on Wednesday as investors and speculators exited positions in the energy commodity amid weak

cues from overseas markets as forecasts for milder weather in the US dimmed the demand outlook for the heating fuel.

Investors were cautious ahead of the weekly US supply data which may show a stockpiles withdrawal of 53 billion cubic feet to 100 billion cubic feet

last week, compared to a dip of 74 billion cubic feet in the same period last year. At the MCX, Natural gas futures for March 2014 contract closed at

Rs. 273.10 per mmBtu, down by 0.15 per cent, after opening at Rs 273.70, against the previous closing price of Rs 273.50. It touched an intra-day

low of Rs 270.10.



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

Read More

CAPITAL STROKE COMMODITY UPDATE 20 MARCH 2014: MCX ZINC

Zinc futures closed higher in the domestic market on Wednesday as investors and speculators booked fresh positions in the industrial metal amid strong

physical demand for zinc in the domestic spot market. Further, a rise in construction output in the Euro area signaled a pickup in the 18-member

economy, lifting the demand outlook for industrial metals.

Euro area industrial output rose 1.5 per cent in January 2014 over the previous month. At the MCX, Zinc futures for March 2014 contract closed at

Rs. 121.10 per 1 kg, up by 0.29 per cent, after opening at Rs. 120.65, against the previous closing price of Rs. 120.75. It touched an intra-day high

of Rs 121.50.




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

Read More

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.



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

Read More

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%

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

Read More

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.

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

Read More

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.


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

Read More

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.

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

Read More

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

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

Read More