CAPITAL STROKE COMMODITY UPDATE 30 MAY 2014: : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1145 R1-1130 S1-1105 S2-1090
Nickel prices ended with losses tracking weakness in LME prices weighed by opportunistic selling after recent gains.Falling initial jobless claims in the US last week were overshadowed by disappointing GDP growth in the country.The Commerce Department revised down its growth estimate to show that US GDP contracted at a 1% annual rate in Q1, worse than expectations.


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CAPITAL STROKE COMMODITY UPDATE 30 MAY 2014 : MCX NATURAL GAS

Natural gas trading range for the day is 263.9-279.7.Natural gas dropped from the day's high after official data revealed U.S. stockpiles rose more than markets were expecting last week.EIA said in its weekly report that natural gas storage in the U.S. in the week ended May 23 rose by 114bcf vs 110bcf.Market players prepped for the arrival of summertime temperatures in the U.S., which should hike demand for air conditioning.



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CAPITAL STROKE COMMODITY UPDATE 30 MAY 2014 MCX ALUMINUM

Aluminium trading range for the day is 104.6-107.8.Aluminum settled flat as prices recovered in late session as investors believed harsh winter weather may be partly blamed for downbeat GDP data.Aluminium producers seek record premium of $405-410 from Japan buyersAluminum daily stocks at Shanghai exchange came down by 399 tonnes.



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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 30 MAY 2014

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27400 R1-27100 S1-26600 S2-26300
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 DIPR2-422 R1-416 S1-406 S2-400
LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-128 R1-126 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 R2-1145 R1-1130 S1-1105 S2-1090



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CAPITAL STROKE COMMODITY UPDATE 29 MAY 2014: : MCX NICKEL

Nickel ended with losses on profit booking after price seen support due to unrest at a New Caledonian mine kept supply threats in focus.Global Nickel market surplus dropped over 50% over the year in March: INSGTechnically market is under long liquidation as market has witnessed drop in open interest by -12.2% to settled at 6136 .
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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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