CAPITAL STROKE UPDATE 4 APRIL 2014 : MCX ZINC

Zinc trading range for the day is 118.1-121.5

Zinc gained after China's government announced a modest package of stimulus measures to shore up its flagging economy.

The global market for refined zinc is expected to be in deficit by 117,000 tonnes this year - ILZSG

Zinc daily stocks at Shanghai exchange came down by 376 tonnes

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CAPITAL STROKE UPDATE 4 APRIL 2014 : MCX NICKEL

Nickel trading range for the day is 963.5-998.3.

Nickel prices gained as support after weakness in rupee despite data showed US initial jobless claims and foreign trade data were disappointing.

HSBC’s China services Purchasing Managers’ Index rose to 51.9 last month from 51.0 in February

The ECB chief Draghi said the euro zone was experiencing a mild recovery and suffered no deflation risk.
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CAPITAL STROKE UPDATE 4 APRIL 2014 : MCX SILVER

Silver futures ended lower in the domestic market on Friday as investors and speculators exited positions in the precious metal amid concerns that a pickup in the world’s biggest economy may prompt the US Federal Reserve to accelerate cuts in QE and raise interest rates sooner than anticipated, dimming the appeal of silver, a hedge against the inflationary risk of monetary stimulus.

Silver futures for May 2014 contract, at MCX, closed at Rs. 43,021 per 10 grams, down by 0.26 per cent after opening at Rs. 43,091, against the previous closing price of Rs 43,135. It touched an intra-day low of Rs 42,722.

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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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