CAPITAL STROKE COMMODITY UPDATE 1 APRIL 2014: MCX NICKEL

Nickel futures fell in the domestic market on Tuesday as investors and speculators exited positions in the industrial metal amid weak demand from alloy-makers in the domestic spot market. Further, weak cues from overseas markets amid a contraction in manufacturing in China, the world’s top metals consumer, added to selling pressure in the industrial metal.

At the MCX, Nickel futures for April 2014 contract is trading at Rs. 954.50 per 1 kg, down by 0.46 per cent, after opening at Rs. 956.10, against the previous closing price of Rs. 958.90.

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CAPITAL STROKE COMMODITY UPDATE 1 APRIL 2014: MCX ZINC

Zinc futures fell in the domestic market on Tuesday as investors and speculators stayed cautious of booking fresh positions in the industrial metal amid weak physical demand for zinc in the domestic spot market. Further, a Chinese manufacturing index hit the lowest level in eight months in March 2014, signaling a deepening economic slowdown in China, the world’s biggest metals consumer, adding to selling pressure in the industrial metal.
At the MCX, zinc futures for April 2014 contract is trading at Rs. 118.95 per 1 kg, down by 0.50 per cent, after opening at Rs. 119.40, against the previous closing price of Rs. 119.50. It touched an intra-day low of Rs 118.90.

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CAPITAL STROKE COMMODITY UPDATE 1 APRIL 2014: MCX COPPER

Copper prices fell by 0.25 per cent on Monday at the domestic markets after US consumer sentiment fell to the lowest level in four months in March 2014, weighing on the metal. The gauge measuring US consumer sentiment fell to 80 this month from 81.6 in February, Thomson Reuters said.

At the MCX, copper futures for April 2014 contract were trading at Rs.403.60 per 1 kg, down by 0.25 per cent, after opening at Rs. 404.70 against the previous closing price of Rs. 404.60. It touched the intra-day low of Rs. 402.95 till the trading.


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CAPITAL STROKE COMMODITY UPDATE 1 APRIL 2014 : MCX NATURAL GAS

Natural Gas futures slumped in the domestic market on Monday as investors and speculators exited positions in the energy commodity tracking weak cues from overseas market as forecasts for mild temperatures across most of the US dimmed the demand outlook for the heating fuel. Latest weather forecast showed gradual warm-up from April 5 through April 14, 2014 in the US.
At the MCX, Natural gas futures for March 2014 contract closed at Rs. 262.50 per mmBtu, down by 2.96 per cent, after opening at Rs 269.10, against the previous closing price of Rs 270.50.

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CAPITAL STROKE COMMODITY UPDATE 1 APRIL 2014: MCX CRUDE OIL

Crude oil futures ended on a flat note in the domestic market on Monday as investors and speculators stayed cautious of booking fresh positions in the energy commodity amid speculation that talks between Russia and the US may ease the crises over Ukraine, defusing worries over supply of the fuel, given that Russia is the world’s biggest crude oil producer.
Crude oil futures may fall today amid speculation that US crude oil stockpiles rose for an eleventh straight week, signaling weakening demand for the fuel in the world’s biggest crude oil consumer. At the MCX, Crude Oil futures, for the April 2014 contract closed at Rs 6,119 per barrel, up by 0.07 per cent, after opening at Rs 6,106, against a previous close of Rs 6,115. It touched an intra-day high of Rs 6,139.
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CAPITAL STROKE COMMODITY UPDATE 28 MARCH 2014: MCX LEAD

Trend updated for-Mar/28/2014.CMP-124 Overall trend of the Lead is bearish for medium-long term .Currently Lead is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Lead is in HOLD SHORT position. Positionally Immediate support for Lead is 121.Resistance for the Lead is 126-128-131-132-133

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CAPITAL STROKE COMMODITY UPDATE 28 MARCH 2014: MCX SILVER

Trend updated for-Mar/28/2014.CMP-42891 Overall trend of the Silver is bearish for medium-long term .Currently Silver is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing
SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 42389.Resistance for the Silver is 45017-45410-45439-45511-45722-46213

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CAPITAL STROKE COMMODITY UPDATE 28 MARCH 2014: MCX GOLD

Trend updated for-Mar/28/2014.CMP-28449 Overall trend of the Gold is bearish for medium-long term .Currently Gold is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend .. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing SELL signal For short term Gold is in SELL position.Positionally Immediate support for Gold is 28177.Resistance for the Gold is 29509-29659-29691-29804-29935-30075


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CAPITAL STROKE COMMODITY UPDATE 28 MARCH 2014: MCX COPPER

Trend updated for-Mar/28/2014.CMP-401 Overall trend of the Copper is bearish for medium-long term.Currently Copper is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Copper is now trading in highly oversold level. The Copper is now trading in highly oversold level. The oscillator is showing BUY signal For short term Copper is in HOLD SHORT position.Positionally Immediate support for Copper is 390.Resistance for the Copper is 406-421-436-446


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CAPITAL STROKE COMMODITY UPDATE 28 MARCH 2014: MCX NICKEL

Trend updated for-Mar/28/2014.CMP-946 The Nickel is in long- medium- short-medium- term bull phase .Currently Nickel is moving sideways The oscillator is showing SELL signal .In last 1 month volatality is very less Buy the Nickel above 1002 or buy with strict stop at 906. The oscillator is showing SELL signal For short term Nickel is in HOLD SHORT position.Positionally Support for the Nickel is 938-910-896-884-.Resistance for the Nickel is 969-975

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