CAPITAL STROKE COMMODITY UPDATE 23 APRIL 2014 : MCX CRUDE OIL

Crudeoil trading range for the day is 6136-6362.
Crude oil settled down on concerns that crude-oil supplies could exceed an all-time high, as domestic oil production keeps rising.
Expectations for gains in U.S. stockpiles overshadowed ongoing concerns over heightened tension in eastern Ukraine.
API showed Crude inventories rose by 519kbls to 388.7 million, compared with expectations for a increase of 2.3mbls.

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CAPITAL STROKE COMMODITY UPDATE 23 APRIL 2014 : MCX ZINC

Zinc trading range for the day is 123.9-128.1.
Zinc prices were supportive after data showed euro zone April CCI and Richmond Fed's manufacturing index were positive.
The Richmond Fed’s manufacturing index for April was reported at 7, handily beating market expectations.
Zinc daily stocks at Shanghai exchange came down by 1932 tonnes

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CAPITAL STROKE COMMODITY UPDATE 23 APRIL 2014 : MCX NICKEL

Nickel trading range for the day is 1083.6-1131.8.
Nickel hit a 14-month high last week on stocking supply concerns.
Support continuously seen as Indonesia banned outbound shipments of unprocessed metal in January this year.
Russia also may fail to compensate for the fall in supplies as Western economies may impose sanctions on the country amid on-going instability in Ukraine.

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CAPITAL STROKE COMMODITY UPDATE 23 APRIL 2014 : MCX NATURAL GAS

Natural gas trading range for the day is 282.3-291.7.
Natural gas gained on Rupee weakness and support seen after updated weather-forecasting called for below-normal temperatures.
Cool temperatures run through the end of April, which should hike demand for heating.

Raised ongoing concerns over whether natural gas producers will be able to refill inventories before the next heating season.

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CAPITAL STROKE COMMODITY UPDATE 23 APRIL 2014 : MCX ALUMINIUM

Aluminium trading range for the day is 110.6-114.8.
Aluminium gained after recent financial reports released by major US enterprises also were encouraging, boosting market sentiment.
Spot aluminium stockpiles declined for the first time in over a year in China after a number of smelters cut production to reduce losses.

Aluminium daily stocks at Shanghai exchange came up by 718 tonnes.

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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.

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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.

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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.

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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.

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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

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