CAPITAL STROKE COMMODITY UPDATE 21 MAY 2014: MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6100 R1-6050 S1-5950 S2-5900

Crude oil steadied as unrest and low output in Libya offset downward pressure from expectations of a weekly build in U.S. crude stocks.
Crude inventories fell by 10.3 million barrels in the week to 380.4 million, API said.


Today crude oil inventories: Exp: -0.1M Prev: 0.9M. Actual is at 8.00PM.
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CAPITAL STROKE COMMODITY UPDATE 21 MAY 2014: MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-422 R1-416 S1-406 S2-402

Copper dropped on profit booking after gaining on hopes a new raft of financial reforms would shore up China's slowing economy.
Adding to supportive measures, China's State Administration of Foreign Exchange said it will reform the management of cross-border foreign exchange guarantees

Copper stored in LME, have fallen 49% from the start of year to 186,525 metric tons as of last week, the lowest level since September 2008.
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CAPITAL STROKE COMMODITY UPDATE 21 MAY 2014: MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-126 R1-124 S1-120 S2-118

Zinc prices dropped as pressure seen due to profit booking despite amid speculation demand from China will increase in the near-term.
The global market for refined zinc metal which in deficit by 17kt over the first quarter of 2014 – ILZSG


The Philly Fed President said a strengthening economy may force the Fed to hike rates “sooner rather than later”.


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CAPITAL STROKE COMMODITY UPDATE 21 MAY 2014: MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1195 R1-1180 S1-1150 S2-1135


Nickel dropped amid speculation that the rally in prices this year may curb demand for the metal used to make stainless steel.
Nickel reached $21,625 on May 13, the highest level since February 2012 and has advanced 42% this year, making it the best performer on LME.


The global surplus will drop to a four-year low this year and the market will swing to a deficit next year





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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 21 MAY 2014

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28700 R1-28400 S1-27800 S2-27400
SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-43500 R1-42500 S1-39000 S2-37500
CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6100 R1-6050 S1-5950 S2-5900

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-422 R1-416 S1-406 S2-402
LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-128 R1-126 S1-122 S2-120
ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-126 R1-124 S1-120 S2-118
NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1195 R1-1180 S1-1150 S2-1135


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CAPITAL STROKE COMMODITY UPDATE 20 MAY 2014: MCX ALUMINIUM

Aluminium trading range for the day is 101.1-102.9.

Aluminium settled down as market traded in the range in the absence of microeconomic data.

The euro zone’s construction output released fell 0.6% MoM in March, which was due mostly to a large decline in Germany’s construction.

Investors should keep close watch on interest rate meeting minutes of the Bank of England and the US Federal Reserve.


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CAPITAL STROKE COMMODITY UPDATE 20 MAY 2014: MCX NATURAL GAS

Naturalgas trading range for the day is 255.9-268.3.

Natural gas prices rose as market players assessed the outlook for U.S. supply levels.

Meanwhile, updated weather forecasting models called for mild springtime temperatures, was likely to lower heating demand.

EIA said that natural gas storage in the U.S. rose by 97 billion cubic feet last week, below forecasts for an increase of 99 billion cubic feet.


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CAPITAL STROKE COMMODITY UPDATE 20 MAY 2014: MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1215 R1-1200 S1-1160 S2-1140

Nickel rallied near to +6.00% advanced on speculation that demand may outstrip global supplies amid an ore export ban by Indonesia.

The global nickel surplus will drop to a four-year low in 2014, Norilsk said

Goldman affirmed its forecast that prices will rally to $US22k over the next three to six months.

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CAPITAL STROKE COMMODITY UPDATE 20 MAY 2014: MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6100 R1-6050 S1-5950 S2-5900

Crude oil ended with gains as ongoing worries over a disruption to supplies from Russia and Libya supported prices.

Libya's output has fallen to about 200,000 barrels per day from 300,000 bpd earlier last week, far below the 1.4 million bpd produced last year.

An end to a month-long blockade of major oil ports in eastern Libya last month had raised the prospect of higher crude exports and weighed on oil prices.



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CAPITAL STROKE COMMODITY UPDATE 20 MAY 2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-127 R1-124 S1-120 S2-118 

Zinc prices seen supported amid speculation demand from top consumer China will increase in the near-term.

The next slice of Chinese economic data to come out will be the HSBC preliminary purchasing managers' index for May, due on Thursday.

Technically market is under fresh buying as market has witnessed gain in open interest by 1.28% to settled at 1656.

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