CAPITAL STROKE COMMODITY UPDATE 16 APRIL 2014 : MCX NATURAL GAS

Natural gas trading range for the day is 268.9-283.7.
Natural gas gained after a shot of cold air moving from the central to the eastern U.S. sparked fueled expectation for demand to spike.
A plume of cold air moving across the central and eastern U.S. sent natural gas prices rising, though profit-taking limited the gains.
Severely cold weather over this past winter saw natural gas stockpiles fall to 11-year lows, sparking concerns that producers may not be able to refill inventories.

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CAPITAL STROKE COMMODITY UPDATE 16 APRIL 2014 : MCX ALUMINIUM

Aluminium trading range for the day is 108.2-112.8.
Aluminium dropped on surprising fall in New York Fed’s manufacturing index for April and concerns over China slowdown
ZEW Economic Sentiment for Germany came in lower than the 45 forecast at 43.2 in April, down for the fourth month straight.
Aluminium daily stocks at Shanghai exchange came up by 18533 tonnes.

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CAPITAL STROKE COMMODITY UPDATE 15 APRIL 2014 : MCX GOLD

Gold trading range for the day is 28786-29072.
Gold rose as renewed concerns over the escalation of hostilities in Ukraine prompted investors to add positions in bullion as a hedge.
Expectations the Fed will be cautious in raising interest rates in the future and an uncertain outlook for U.S. equities boosted gold buying.

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings rose 1.80 tonnes to 806.22 tonnes - the first inflow since March 24.

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CAPITAL STROKE COMMODITY UPDATE 15 APRIL 2014 : MCX SILVER

Silver trading range for the day is 42570-43694.
Silver gained as geopolitical tensions in Ukraine escalated and bolstered safe-haven appeal, offsetting the otherwise bearish effects of solid U.S. retail sales.
Solid data in the U.S. took a back seat to Ukraine-related unease.

The Commerce Department reported that U.S. retail sales rose 1.1% in March, exceeding expectations for a 0.8% gain.

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CAPITAL STROKE COMMODITY UPDATE 15 APRIL 2014 : MCX CRUDE OIL

Crudeoil trading range for the day is 6231-6319.
Crude oil ended with small losses as expectations for rising production added to estimates of increased stockpiles.
OPEC lowered the expected demand for its crude oil in 2014 and ended a run of upward revisions to global consumption growth.
In a monthly report, OPEC forecast demand for its crude oil in 2014 would average 29.65 million bpd, down 50,000 bpd from the previous estimate.

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CAPITAL STROKE COMMODITY UPDATE 15 APRIL 2014 : MCX COPPER

Copper trading range for the day is 404.4-410.8.
Copper prices settled flat after as US dollar index gained as data showed US retail sales posted its biggest rise since September 2012 in March
The Ukraine crisis continued to escalate, with EU announcing to expand sanctions on Russia, fueling market concerns.
The euro zone February factory output matched forecast by rising 0.2% MoM, with January’s data revised from a 0.2% decline to a 1.6% growth.

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CAPITAL STROKE COMMODITY UPDATE 15 APRIL 2014 : MCX ZINC

Zinc trading range for the day is 123-124.4.
Zinc gained as Ukraine crisis further intensified, market worried the sanctions imposed on Russia may affect its exports, supported prices.
US retail sales were reported up 1.1% on the month in March, its biggest gain since September 2012, gaining steam primarily from the auto industry.

Zinc daily stocks at Shanghai exchange came down by 732 tonnes.

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CAPITAL STROKE COMMODITY UPDATE 15 APRIL 2014 : MCX NICKEL

Nickel trading range for the day is 1040.7-1104.5.
Nickel rallied on renewed concerns over supply of the stainless steel material following Indonesia's move to stop ore exports.
Total nickel ore exports last year were around 64.8 million tonnes, and will fall 94 percent to 3.5 million tonnes this year, Indonesia's mines ministry said.

On Monday, nickel hit an intraday high of $17,917 a tonne - its strongest since Feb. 19 last year - before retreating to $17,845, up 2.56 percent.

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CAPITAL STROKE COMMODITY UPDATE 15 APRIL 2014 : MCX NATURAL GAS

Natural gas trading range for the day is 271.4-282.
Natural gas dropped as forecasts for seasonably mild U.S. temperatures typical of this time of year weighed on prices.
Forecasts for above-normal temperatures for pockets of the country cushioned losses though slightly.

Severely cold weather over this past winter saw natural gas stockpiles fall to 11-year lows, sparking the prices.

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CAPITAL STROKE COMMODITY UPDATE 15 APRIL 2014 : MCX ALUMINIUM

Aluminium trading range for the day is 111.3-112.9.
Aluminium prices settled flat after data showed US March retail sales rose 1.1%, the largest growth in one and 1/2 years.
Japanese aluminium buyers will mostly pay record high premiums of $365-$370 per tonne over LME prices for April-June shipments

Aluminium daily stocks at Shanghai exchange came up by 42163 tonnes.

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