CAPITAL STROKE COMMODITY UPDATE 28 MAY 2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27400 R1-27100 S1-26700 S2-26500 Gold settled down continued to be soften since last week following the RBI's decision to ease curbs.Comex Gold dropped to test $1260 to the lowest level in more than 15 weeks as U.S. economic data that beat estimatesSPDR gold trust holdings gained by 8.39 tonnes i.e. 1.08% to 785.28 tonnes from 776.89 tonnes. For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704

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CAPITAL STROKE COMMODITY UPDATE 27 MAY 2014 MCX ALUMINUM

Aluminium trading range for the day is 103.8-105.6.Aluminium rose after RUSAL, said it expects aluminium markets to be in deficit by 1.3Mt in 2014.Aluminum prices upside seen limted due to growing supply expectations against the closing of peak-demand seasonAluminium daily stocks at Shanghai exchange came down by 1249 tonnes.

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CAPITAL STROKE COMMODITY UPDATE 27 MAY 2014: MCX NATURAL GAS

 Natural gas trading range for the day is 255.1-262.5.Natural gained as support seen from Rupee weakness while trade volumes were light with markets in U.S. remained shut for Memorial Day holiday.Last week the U.S. Energy Information Administration said that natural gas storage in the U.S. rose by 106 billion cubic feet.Early injection estimates for this week’s storage data range from 104 billion cubic feet to 109 billion cubic feet.

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CAPITAL STROKE COMMODITY UPDATE 27 MAY 2014:: MCX CRUDE OIL

CAPITAL STROKE COMMODITY UPDATE  27 MAY 2014:: MCX CRUDE  OIL

Crude gained as geopolitical tensions in Ukraine and uncertainty over OPEC producer's Libya production continued to support prices.China's commercial crude oil inventories at the end of April rose 0.56 percent from a month earlier on high imports.Worries about supply disruptions from Russia have eased a bit following successful completion of elections in Ukraine.

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CAPITAL STROKE COMMODITY UPDATE 27 MAY 2014:: MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-426 R1-422 S1-412 S2-406
Copper gained as seasonally strong demand put pressure on tight supplies amid modest trading volumes given holidays in Britain and US.
China’s refined copper imports from Europe’s top three suppliers to China, fell by 25,000 tonnes, or 44.4%, during April.

ECB officials said they were drafting plans that may possibly be proposed at June’s policy meeting, including lower interest rate and liquidity injection.

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CAPITAL STROKE COMMODITY UPDATE 27 MAY 2014: : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1180 R1-1165 S1-1140 S2-1125.Nickel prices supported on supply concerns as Indonesia, the largest supplier to China, banned ore exports to spur investment in domestic smelters.The nickel-fueled gains may not last as China may build smelters in Indonesia to get around the ban.Technically market is under short covering as market has witnessed drop in open interest by -4.94% to settled at 7287.
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CAPITAL STROKE COMMODITY UPDATE 27 MAY 2014:: MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-126 R1-124 S1-121 S2-119 .Zinc gained amid growing optimism over the health of the U.S. economy and speculation demand from China will increase in near-term.ECB President said that central bank may employ LTRO and ABS purchasing program, probably in June, responding to the stubbornly low inflation.Zinc daily stocks at Shanghai exchange came down by 3709 tonnes.
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CAPITAL STROKE COMMODITY UPDATE 27 MAY 2014: MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-44500 R1-43000 S1-39000 S2-37500
Silver prices edged higher as market players monitored developments tied to the elections in Ukraine over the weekend.
Investors were also eyeing developments in Ukraine, after it launched air strikes and a paratrooper assault against pro-Russian rebels.

Trade volumes remained light with U.K. markets closed for a public holiday and markets in the U.S. remaining shut for the Memorial Day holiday.



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CAPITAL STROKE COMMODITY UPDATE 27 MAY 2014: MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28000 R1-27700 S1-27100 S2-26700 .Gold prices seen supported from developments in Ukraine where pro-West billionaire Petro Poroshenko notched an emphatic win in presidential election.Market will be focused on an ECB meeting next week when the bank is expected to take steps to ease monetary policy furtherRecent outflows from gold funds have indicated that investor sentiment remains fragile.
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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 27 MAY 2014

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-426 R1-422 S1-412 S2-406
LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-129 R1-127 S1-123 S2-121
ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-126 R1-124 S1-121 S2-119
NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1180 R1-1165 S1-1140 S2-1125
CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28000 R1-27700 S1-27100 S2-26700
SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-44500 R1-43000 S1-39000 S2-37500
CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6300 R1-6250 S1-6120 S2-6050



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