CAPITAL STROKE UPDATE 2-June-2014 : MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-42500 R1-41000 S1-38000 S2-36500

Silver prices dropped despite less-than-stellar U.S. economic indicators, as markets bet the U.S. economy continues to recover.

The May decline in consumer confidence was not due to the dismal state of the economy during the 1st quarter.

Still prices ignored the data, as the U.S. economy continues to recover, which will steer investors' attention to stocks and base metals.

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CAPITAL STROKE UPDATE 2-June-2014 : MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6250 R1-6170 S1-6050 S2-6000
Crude oil dropped as traders took profit at the end of the month, however downside seen limited underpinned by supply worries.
Oil supply from Libya, a source of high quality, remained near a tenth of capacity with protests and violence disrupting output.

Crude was partly under pressure from news of an overall rise in U.S. crude stocks, though other inventory figures were supportive.


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CAPITAL STROKE UPDATE 2-June-2014 : MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-422 R1-416 S1-406 S2-400
Copper fell amid worries about China's economy but was on track for its monthly rise given peak seasonal demand.
However downside seen limited underpinned as dwindling global stocks trigger a rush for remaining supplies and by seasonally robust demand.
Copper output at Chile's Codelco drops slightly in first quarter.

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CAPITAL STROKE UPDATE 2-June-2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-126 R1-124.5 S1-121 S2-119 
Zinc settled flat as a weaker-than-expected reading of U.S. economic growth prompted some investors to reduce positions.
Hopes that authorities in China, would enact measures to boost country's slowing economy and signs of stronger business activity in the U.S.
Zinc weekly stocks at Shanghai exchange came down by 8302 tonnes.
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CAPITAL STROKE UPDATE 2-June-2014 : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1175 R1-1160 S1-1130 S2-1115 .Nickel ended with gains as support continued to be seen on persistent concerns about a supply shortage.New Caledonian authorities will allow mining giant Vale to restart nickel mining activities after suspending operations at the $6 billion plant.Technically market is under fresh buying as market has witnessed gain in open interest by 80.13% to settled at 5548.


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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 2 JUNE 2014

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27400 R1-27100 S1-26600 S2-26300

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-42500 R1-41000 S1-38000 S2-36500

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6250 R1-6170 S1-6050 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 S1-122 S2-120

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-126 R1-124.5 S1-121 S2-119

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1175 R1-1160 S1-1130 S2-1115

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CAPITAL STROKE COMMODITY UPDATE 30 MAY 2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27400 R1-27100 S1-26600 S2-26300 Gold trading range for the day is 26393-27163.Gold eased but bounced off after data showed the U.S. economy contracted in the first quarter for the first time in three years.The U.S. Commerce Department estimated that gross domestic product shrank in the first quarter at a 1.0 percent annual rate.Gold was also hurt by stronger equities and a firmer U.S. dollar, while the geopolitical situation in Ukraine was also being eyed.


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CAPITAL STROKE COMMODITY UPDATE 30 MAY 2014 : MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-43500 R1-42000 S1-39000 S2-37500 .Silver prices dropped even after data revealed the U.S. economy contracted much more than expected in the first quarter.Expectations held firm that the Fed remains on course to wind down stimulus measures as the year unfolds, which kept prices in negative territory.Yesterday data showed that the U.S. economy contracted for the first time in three years in the first quarter. 


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CAPITAL STROKE COMMODITY UPDATE 30 MAY 2014:: MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-126 R1-124.5 S1-121 S2-119 .Zinc prices ended with losses as pressure seen due to a decline in US GDP growth for Q1. Zinc holding gain's as closures of a number of zinc mines over this year and next would lead to a supply crunch.The firm US dollar index and rising stocks indicated investors expected brighter growth in the second quarter. 



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CAPITAL STROKE COMMODITY UPDATE 30 MAY 2014 :: MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-422 R1-416 S1-406 S2-400 .Copper dropped as investors were unnerved by China's latest efforts to ward off a sharp growth slowdownBut limiting losses in copper, LME stocks were near their lowest in almost six years, while SHFE stocks were near their lowest in 2-1/2 years.U.S. economy contracted in the first quarter for the first time in three years as it buckled under the weight of a severe winter.



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