CAPITAL STROKE UPDATE 7 APRIL 2014 : MCX ALUMINIUM

Aluminium trading range for the day is 106.2-111.2. Aluminium dropped due to profit booking after prices seen supported as orders to withdraw the metal from warehouses surged while producers curb output. Canceled warrants, as the orders are known, jumped the most this week since December 2012, London Metal Exchange data showed. Aluminium weekly stocks at Shanghai exchange came up by 10264 tonnes. For more details visit: http://www.capitalstroke.com/...

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CAPITAL STROKE UPDATE 4 APRIL 2014 : MCX GOLD

Gold trading range for the day is 27887-28367. Gold gained but pressure seen on higher side after disappointing U.S. jobless claims data and as investors digested comments from ECB President. ECB opened the door to turning on its money printing presses to boost the euro zone economy and keep inflation from staying too low Indian gold imports likely jumped in March from around 25 tonnes in February after the central bank allowed more private...

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CAPITAL STROKE UPDATE 4 APRIL 2014 : MCX CRUDE OIL

A China services gauge rose to 51.9 in March from 51 in the previous month. Crude oil futures may trade subdued today as investors stay cautious over the US jobs data which may offer further cues over the health of the country’s economy. At the MCX, Crude Oil futures, for the April 2014 contract closed at Rs 6,058 per barrel, up by 1.58 per cent, after opening at Rs 5,970, against a previous close of Rs 5,964. It touched an intra-day high of...

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CAPITAL STROKE UPDATE 4 APRIL 2014 : MCX NATURAL GAS

Natural Gas surged in the domestic market on Thursday as investors and speculators booked fresh positions in the energy commodity after US gas stockpiles fell last week, signaling improving demand for the fuel in the world’s biggest economy. At the MCX, Natural gas futures for April 2014 contract closed at Rs. 270.10 per mmBtu, up by 2.5 per cent, after opening at Rs 262.80, against the previous closing price of Rs 263.50. It touched an intra-day...

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CAPITAL STROKE UPDATE 4 APRIL 2014 : MCX COPPER

Copper trading range for the day is 400.8-409.2. Copper traded in range as support seen after China unveiled a mini-stimulus package but disappointing seen as market expectations for more drastic measures The U.S. trade deficit unexpectedly widened in February as exports hit a five-month low Despite a strong aftershock in Chile, production at copper mines in north of the country were little affected. For more details visit: http://www.capitalstroke.com/...

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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 For more details visit: http://www.capitalstroke.com/ or contact on 0731-32997...

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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. For more details visit: http://www.capitalstroke.com/...

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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...

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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,...

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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...

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