CAPITAL STROKE COMMODITY UPDATE 21 APRIL 2014 : MCX CRUDE OIL

Crude oil trading range for the day is 6212-6356.
Crude oil settled up after Russian standoff over Ukraine heated up, which spooked markets with fears escalation could disrupt Russian oil shipments.
Prices found support from strong U.S. employment data, which showed new applications for unemployment benefits close to a 6-1/2-year low.

U.S. crude oil inventories jumped beyond expectations as stocks on Gulf Coast hit a record high due to a rise in imports.

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CAPITAL STROKE COMMODITY UPDATE 21 APRIL 2014 : MCX COPPER

Copper trading range for the day is 402.2-410.4.
Copper rose as slightly better-than-expected Chinese growth data eased some fears about a hard landing in China.
The US Philly Fed manufacturing index climbed to 16.6 in April, higher than both the 9.8 expected and the 9.0 in March.

China’s FDI dropped 1.5% YoY in March and grew 5.5% in the first quarter, well below the 10.44% rise for the first two months.

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CAPITAL STROKE COMMODITY UPDATE 21 APRIL 2014 : MCX ZINC

Zinc trading range for the day is 123.3-125.3.
Zinc settled flat at 124.25 as Ukraine crisis appeared to have eased.
The US initial jobless claims rose slightly last week to 304,000, but were still better than the 315,000 expected
Zinc weekly stocks at Shanghai exchange came down by 7781 tonnes.

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CAPITAL STROKE COMMODITY UPDATE 21 APRIL 2014 : MCX NICKEL

Nickel trading range for the day is 1062.8-1100.8.
Nickel gained amid growing concern about the availability of supply from Indonesia and Russia.
China started stockpiling the metal well ahead of the export ban.
Technically market is under short covering as market has witnessed drop in open interest by -1.84% to settled at 8592.

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CAPITAL STROKE COMMODITY UPDATE 21 APRIL 2014 : MCX NATURAL GAS

Natural gas trading range for the day is 265.6-296.4.
Natural gas jumped after data showed that U.S. natural gas supplies grew by a smaller than average amount for this time of year.
The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. rose by 24 billion cubic feet.

Producers typically replenish inventories between April and October, when demand is lower.

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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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