CAPITAL STROKE COMMODITY UPDATE 28 MAY 2014 : : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1180 R1-1170 S1-1140 S2-1125.Nickel gained as support seen after report showed that US consumer confidence rose in May while and US durable goods orders rose 0.8% in April.Traders also continued to mull the likelihood that China would enact fresh stimulus measures to support its slowing economy.Technically market is under short covering as market has witnessed drop in open interest by -4.09% to settled at 6989.

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CAPITAL STROKE COMMODITY UPDATE28 MAY 2014 :: MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-126 R1-124.5 S1-121 S2-119.Zinc prices ended with gains as some support seen after data showed that US May PMI and Conference Board’s CCI were both positive.In the US, orders for durable manufactured goods increased 0.8% MoM in April, exceeding the 0.7% decline expectedZinc daily stocks at Shanghai exchange came down by 2299 tonnes. 

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CAPITAL STROKE COMMODITY UPDATE 28 MAY 2014 :: MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-426 R1-422 S1-410 S2-406.Copper settled above 415 level as support continuous to be seen after stronger US economic data and hopes of stimulus from Chinese government.China’s Refined Copper Output Grows by 15,000 Tonnes in Apr. 2014Investors should keep close watch on economic reports from euro zone member countries, which could provide clues about the ECB’S fresh interest rate meet. 

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CAPITAL STROKE COMMODITY UPDATE 28 MAY 2014 :: MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6280 R1-6200 S1-6080 S2-6000.Crude recovered from the losses as support seen on concerns that Libyan oil exports fell further and conflict in the Ukraine could raise the risk premium.Upbeat U.S. data cushioned losses by stoking expectations that demand will increase in the world's largest consumer of crude.This week's official data will publish on Thursday, due to Monday's holiday, though expectations that supply is large enough

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CAPITAL STROKE COMMODITY UPDATE 28 MAY 2014 : MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-43500 R1-42000 S1-39000 S2-37500 .Silver ended lower as pressure seen after positive U.S. housing and consumer confidence data sparked demand for the dollarOrders for long-lasting U.S. manufactured goods unexpectedly rose in April and consumer confidence perked up in May, supporting rebound in economic growth.Tuesday's data renewed market expectations 

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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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