CAPITAL STROKE COMMODITY UPDATE 21 APRIL 2014 : MCX ALUMINIUM

Aluminium trading range for the day is 109.4-112.8.
Aluminium settled down amid concerns that demand from China, the world's largest consumer, may wane.
China's money supply grew 12.1% in March from a year earlier, missing the PBOC’s target of 13% growth for the first time since April 2012.
Aluminium weekly stocks at Shanghai exchange came up by 8805 tonnes

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CAPITAL STROKE COMMODITY UPDATE 17 APRIL 2014 : MCX GOLD

Gold trading range for the day is 28178-28862.
Gold traded in the range and recovered from the lows supported by tensions in Ukraine.
U.S. data showed the housing market still dragging the U.S. economy.
SPDR gold trust holdings dropped by 8.39 tonnes i.e. 1.04% to 798.43 tonnes from 806.82 tonnes.

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CAPITAL STROKE COMMODITY UPDATE 17 APRIL 2014 : MCX SILVER

Silver trading range for the day is 41315-43307.
Silver gained after Federal Reserve Chair Janet Yellen said ideal employment and inflation conditions are over two years away
The Federal Reserve will keep benchmark interest rates low even as the economy improves to ensure sustained recovery.
U.S. industrial production rose 0.7% in March from February, beating expectations for a 0.5% reading, supported dollar.

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CAPITAL STROKE COMMODITY UPDATE 17 APRIL 2014 : MCX ZINC

Zinc trading range for the day is 122.2-125.8.
Zinc gained as support seen after National Bureau of Statistics of China said that Chinese Retail Sales rose to an annual rate of 12.2 per cent.
Encouraging reports from China gave a boost to the market, with its GDP reportedly up 7.4% in the first quarter.
The Fed’s Beige Book indicated that the US economy largely emerged from a weather-induced slump over the past six weeks.

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CAPITAL STROKE COMMODITY UPDATE 17 APRIL 2014 : MCX NICKEL

Nickel trading range for the day is 1019.4-1122.4.
Nickel prices rallied supported by escalating tensions between the West and Russia over the crisis in Ukraine.
Prices also gained as support seen after Goldman Sachs upgrades nickel forecast on Indonesian export ban.

Concerns about the potential for a disruption to Russian nickel supply in the event of any sanctions on exports also supports prices.

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CAPITAL STROKE COMMODITY UPDATE 17 APRIL 2014 : MCX ALUMINIUM

Aluminium trading range for the day is 108.1-113.5.
Aluminium ended with gains as encouraging reports from China gave a boost to the market.
As for economic data from the US and Europe, the US factory production rose 0.7% in March, higher than the 0.5% expected

Aluminium daily stocks at Shanghai exchange came up by 1441 tonnes

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CAPITAL STROKE COMMODITY UPDATE 17 APRIL 2014 : MCX CRUDE OIL

Crude oil futures ended lower in the domestic market on Wednesday as investors and speculators exited positions in the energy commodity after US crude oil stockpiles surged to the highest level since June last week, signaling weak demand for the fuel in the world’s biggest crude oil consumer.

Crude oil futures may rebound today amid firm global cues as escalating tensions between Ukraine and Russia fuel global crude supply fears. At the MCX, Crude Oil futures, for the April 2014 contract closed at Rs 6,250 per barrel, down by 0.43 per cent, after opening at Rs 6,271, against a previous close of Rs 6,277. It touched an intra-day low of Rs 6,218.

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CAPITAL STROKE COMMODITY UPDATE 17 APRIL 2014 : MCX COPPER

Copper futures ended higher in the domestic market on Wednesday as investors and speculators booked fresh positions in the industrial metal amid a firm overseas trend after a rise in US housing starts last month signaled an improving housing recovery in the world’s biggest economy, lifting the demand outlook for industrial metals. US housing starts rose 2.8 per cent to an annualized rate of 946,000 in March 2014 over the previous month.

At the MCX, copper futures for April 2014 contract closed at Rs. 404.70 per 1 kg, up by 1.19 per cent, after opening at Rs. 399.75, against the previous closing price of Rs. 399.95. It touched an intra-day high of Rs. 408.80.

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CAPITAL STROKE COMMODITY UPDATE 17 APRIL 2014 : MCX NATURAL GAS

Natural Gas futures ended lower in the domestic market on Wednesday as investors and speculators exited positions in the energy commodity tracking a weak trend in the overseas market as forecasts for warmer temperatures in the US dimmed the demand outlook for the heating fuel. The Commodity Weather Group LLC forecasted a mix of average and above-normal temperatures in the US from April 21 through April 25, 2014.

At the MCX, Natural gas futures for April 2014 contract closed at Rs. 274.40 per mmBtu, down by 0.69 per cent, after opening at Rs 275.10, against the previous closing price of Rs 276.30. It touched an intra-day low of Rs 273.50.

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CAPITAL STROKE COMMODITY UPDATE 16 APRIL 2014 : MCX GOLD

Gold trading range for the day is 27891-29191.
Gold plunged $20 in just a minute and in the 10 minutes of trading volume in U.S. gold measured nearly 20,000 lots, ahead of the release of data showing rising US consumer inflation.
Gold's sharp pullback came even as Ukrainian armed forces launched a 'special operation' against militiamen in the country's Russian-speaking east.

SPDR gold trust holding gained by 0.60 tonnes i.e. 0.07% to 806.82 tonnes from 806.22 tonnes.

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