CAPITAL STROKE COMMODITY UPDATE 22 APRIL 2014 : MCX CRUDE OIL

Crudeoil trading range for the day is 6213-6359.
Crude oil gained supported by ongoing concerns the Ukraine crisis will escalate and disrupt Russian oil exports.
Despite a notable surge in U.S. crude stockpiles, oil prices were up thanks to some upbeat U.S. economic data and Fed Yellen's statement on the economy.

China's March crude imports from Iran up 36.1 pct y/y.

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

Read More

CAPITAL STROKE COMMODITY UPDATE 22 APRIL 2014 : MCX GOLD

Gold trading range for the day is 28165-28761.
Gold settled flat as prices seen pressure as sharp outflows from SPDR and lack of further increase in geopolitical tension prompted selling.
The Conference Board reported increased 0.8% in March after a 0.5% rise in February, beating expectations for a 0.7% reading.

SPDR gold trust holdings dropped by 3.00 tonnes i.e. 0.38% to 792.14 tonnes from 795.14 tonnes.

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

Read More

CAPITAL STROKE COMMODITY UPDATE 22 APRIL 2014 : MCX SILVER

Silver trading range for the day is 41522-42502.
Silver dropped after a forward-looking U.S. economic indicator came in slightly better than expected and gave the dollar support.
The Chicago Fed National Activity Index decreased to 0.20 in March from 0.53 in February, in line with expectations.
Holdings at ishares silver trust gained by 0.53% i.e. 53.81 tonnes to 10282.78 tonnes from 10228.97 tonnes.

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

Read More

CAPITAL STROKE COMMODITY UPDATE 22 APRIL 2014 : MCX COPPER

Copper trading range for the day is 404.5-410.5.
Copper ended with small gains as prices moved narrowly due to a lack of guidance from LME copper.
Copper prices remained under pressure mainly due to the uncertainties in the global economic recovery
Refined copper imports rose 16 percent to 324,383 tons in March from 279,293 tons in February, according to the customs data.

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

Read More

CAPITAL STROKE COMMODITY UPDATE 22 APRIL 2014 : MCX ZINC

Zinc trading range for the day is 122.7-125.7.
Zinc gained as positive economic releases showed that US economic recovery could pick up pace in the foreseeable future.
The Chicago Fed National Activity Index rose in March to 0.20, matching market forecasts
Zinc daily stocks at Shanghai exchange came down by 1410 tonnes

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

Read More

CAPITAL STROKE COMMODITY UPDATE 22 APRIL 2014 : MCX NICKEL

Nickel trading range for the day is 1067.9-1099.9.
Nickel gained on concern that escalating tensions in Ukraine may disrupt supplies from Russia amid Indonesia’s ban on ore exports.
Nickel concentrate imports by China reached the highest in 19 months as rising metal prices encouraged smelters to purchase the raw material from overseas to boost output.

Russian nickel supply was tight as importers held back goods, with prices between RMB 119,900-120,100/mt.

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

Read More

CAPITAL STROKE COMMODITY UPDATE 22 APRIL 2014 : MCX NATURAL GAS

Natural gas trading range for the day is 281.8-292.2.
Natural gas settled flat as investors locked in gains from last week's bullish U.S. inventory report sold the commodity for profits.
Severely cold weather this past winter saw natural gas stockpiles fall to 11-year lows, sparking concerns that producers may not be able to refill inventories.
The heating season from November through March is the peak demand period for U.S. gas consumption.

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

Read More

CAPITAL STROKE COMMODITY UPDATE 22 APRIL 2014 : MCX ALUMINIUM

Aluminium trading range for the day is 110-112.2.
Aluminium ended with small gains tracking other base metals counters amid lack of directions from the LME market
The Conference Board Leading Economic Index also rose in the month by 0.8%, beating expectations.

Aluminium daily stocks at Shanghai exchange came down by 775 tonnes

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

Read More

CAPITAL STROKE COMMODITY UPDATE 21 APRIL 2014 : MCX GOLD

Gold trading range for the day is 28370-28684.
Gold dropped as gains in equities markets and indications that the U.S. economic recovery is progressing dampened safe haven demand.
Ms. Yellen said monetary policy will need to remain accommodative for some time, citing slackness in the labor market and low inflation.
SPDR gold trust holdings dropped by 3.29 tonnes i.e. 0.41% to 795.14 tonnes from 798.43 tonnes.

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

Read More

CAPITAL STROKE COMMODITY UPDATE 21 APRIL 2014 : MCX SILVER

Silver trading range for the day is 41967-42775.
Silver prices dropped after weekly U.S. jobless claims numbers and a regional factory report beat expectations.
Solid U.S. economic indicators released earlier bolstered the dollar and marred bullion's historical appeal as a hedge to a weaker greenback.

The Federal Reserve Bank of Philadelphia reported that its manufacturing index rose to 16.6 in April, the highest level since September.
http://www.capitalstroke.com/ or contact on 0731-3299704

Read More