CAPITAL STROKE COMMODITY UPDATE 29 MAY 2014 :: MCX COPPER

Copper settled flat as growing optimism over the health of U.S. and speculation demand from China will increase in near-term boosted prices.Revised reading of US Q1 GDP and US initial jobless claims for last week will be in focus today.China’s refined copper imports from Europe fell by 25,000 tonnes, or 44.4%, during April, Customs data showed.
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CAPITAL STROKE COMMODITY UPDATE 29 MAY 2014 : MCX GOLD

Gold dropped as investors assessed whether tension between Russia and Ukraine is easing and as the euro weakened.Indian gold prices dropped below 27000-level for the first-time due to the sustained selling by stockists and a weak global trend.CRISIL's, the gradual withdrawal of gold import restrictions may widen the country's CAD to $47 billion (2.2% of GDP) in fiscal 2015. 
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CAPITAL STROKE COMMODITY UPDATE 29 MAY 2014 : MCX SILVER

Silver prices dropped as investors were hesitant to buy into the market amid a weak technical outlook.Prices carried Tuesday's losses after positive U.S. housing and consumer confidence data continued to boost the dollar.ECB President said bank was aware of the risks of persistently low inflation and was prepared to take steps to get euro zone inflation back to its target. 
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CAPITAL STROKE COMMODITY UPDATE 29 MAY 2014:: MCX CRUDE OIL

Crude oil dropped as traders took profits ahead of a government inventory report that is expected to show a build in crude stocks.U.S. commercial crude oil inventories rose 3.5 million barrels last week, the American Petroleum Institute industry group said.Today crude oil inventories: Exp: -0.1M Prev: -7.2M. Actual is at 8.00PM 
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CAPITAL STROKE COMMODITY UPDATE 29 MAY 2014:: MCX ZINC

Zinc prices dropped as market players were cautious after pessimistic revised US Q1 GDPOvercapacity, weak demand and high inventories will continue to drag down domestic zinc pricesEuro zone economic data were mixed, with May economic climate index hit a record high since July 2011, but Germany’s unemployment rate was higher than expected. 
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CAPITAL STROKE COMMODITY UPDATE 29 MAY 2014 : MCX NATURAL GAS

Natural gas gained as market players prepped for the arrival of summertime temperatures in the U.S., which should hike demand. Demand for natural gas tends to rise in the summer months as warmer temperatures increase the need for gas.Today natural gas storage: Exp: 110B Prev: 106B. Actual is at 8.00PM. 
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CAPITAL STROKE COMMODITY UPDATE 29 MAY 2014 MCX ALUMINUM

 Aluminum ended with gains on speculation that supplies of the metal will trail global demand. The aluminum market will be in deficit this year by 1.3 million metric tons, leading global producer United Co. Rusal said. The euro zone economic confidence index was reported up and higher than forecast in May, but Germany’s jobless rate increased. 
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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 28 MAY 2014

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27400 R1-27100 S1-26700 S2-26500
SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-43500 R1-42000 S1-39000 S2-37500
 CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6280 R1-6200 S1-6080 S2-6000

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-426 R1-422 S1-410 S2-406
 LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-129 R1-127 S1-123 S2-121
 ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-126 R1-124.5 S1-121 S2-119
 NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1180 R1-1170 S1-1140 S2-1125
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CAPITAL STROKE COMMODITY UPDATE 28 MAY 2014 MCX ALUMINUM

Aluminium trading range for the day is 104-106.4.Aluminium gained on the heels of rosy US durable goods orders for April and the Conference Board’s Consumer Confidence Index for MayECB Governing Council member Nowotny said ECB has been worried about the stubbornly low inflation, and would keep its key interest rate low for quite some timeAluminium daily stocks at Shanghai exchange came down by 776 tonnes.

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CAPITAL STROKE COMMODITY UPDATE 28 MAY 2014 : MCX NATURAL GAS

Natural gas trading range for the day is 255.1-271.3.
Natural gas rallied as updated weather-forecasting called for above-normal temperatures in US through the first week of June.
Prices are expected to swung in the range today as trader awating for invenory data to assessed the outlook for U.S. demand and supply levels.

Demand for natural gas tends to rise in the summer months as warmer temperatures increase the need for gas-fired electricity to power air conditioning.

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