CAPITAL STROKE COMMODITY UPDATE 16 APRIL 2014 : MCX SILVER

Silver trading range for the day is 40758-43826.
Silver dropped on speculation that a gain in U.S. consumer prices will give the Federal Reserve more leeway to reduce monetary stimulus.
While sentiments that recent expectations for U.S. monetary policy to stay loose for some time to come may have been overblown added to the selloff.
The Labor Department reported that the U.S. consumer price index rose 0.2% in March, exceeding expectations for a 0.1% gain.

http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

CAPITAL STROKE COMMODITY UPDATE 16 APRIL 2014 : MCX CRUDE OIL

Crudeoil trading range for the day is 6182-6338.
Crude oil ended with small losses amid market expectations for Libyan ports to resume shipments and increase global supply
The American Petroleum Institute reported that U.S. crude stocks rose by 7.6 million barrels last week
Today crude oil inventories: Exp: 1.3M Prev: 4.0M. Actual is at 8.00PM.

http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

CAPITAL STROKE COMMODITY UPDATE 16 APRIL 2014 : MCX COPPER

Copper trading range for the day is 390.8-410.8.
Copper prices ended with losses as lousy data from China kindled market concerns.
The NY Empire State Manufacturing index released Tuesday fell short of forecast, and crisis in Ukraine worsened.
In China, the PBOC data showed new RMB lending was RMB 1.05 trillion, slightly higher than the RMB 1 trillion median value based on its survey.

http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

CAPITAL STROKE COMMODITY UPDATE 16 APRIL 2014 : MCX ZINC

Zinc trading range for the day is 121.6-125.
Zinc dropped as deteriorating Ukraine crisis and market concerns over China's economic data weighed on prices.
The US CPI rose 1.5% in March, beating the 1.4% expected and hitting the highest since last June.

Zinc daily stocks at Shanghai exchange came down by 303 tonnes.


http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

CAPITAL STROKE COMMODITY UPDATE 16 APRIL 2014 : MCX NICKEL

Nickel trading range for the day is 1019.5-1101.1.
Nickel ended with losses on profit booking but downside was limited as prices have more ability to rise further on renewed concerns over supply concerns.
ZEW Indicator of Economic Sentiment for euro zone edged lower to April’s 61.2, with the indicator tracking current economic situation improving
The NY Empire State Manufacturing index released Tuesday fell short of forecast, and crisis in Ukraine worsened.

http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

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.

http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

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.

http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

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.

http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

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.

http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

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.

http://www.capitalstroke.com/ or contact on 0731-3299704

Read More