CAPITAL STROKE UPDATE 3-June-2014 : MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-426 R1-422 S1-410 S2-404
Copper rose, underpinned by seasonal buying interest in China, but trading volumes were light due to a holiday in China.
The official China manufacturing PMI for May advanced at its fastest pace this year to 50.8, indicating continued improvement of manufacturing sector.
PBOC and China Banking Regulatory Commission held a meeting to arrange RRR cuts for qualified rural banks, shoring up market confidence.

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CAPITAL STROKE UPDATE 3-June-2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-128 R1-126 S1-122 S2-120
Zinc gained as investors cheered an upbeat report on China’s manufacturing sector.
The encouraging news from China offset the negative effect from poor euro zone manufacturing data reported earlier.
China’s official manufacturing PMI released over the weekend rose more than expected to 50.8 in May, up for a third consecutive month.
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CAPITAL STROKE UPDATE 3-June-2014: MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1180 R1-1165 S1-1135 S2-1120
Nickel gains as support seen after China's official May PMI rose for three consecutive months to hit a five-month high.
In US, Chicago’s manufacturing PMI rose to 65.5 in May, its fresh high since October 2013, while the country’s final manufacturing PMI crept up to 56.4.

New Caledonia authorities said they have authorised a conditional restart of Brazil-based Vale's nickel operations.
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CAPITAL STROKE UPDATE 3-June-2014 : MCX ALUMINIUM

Aluminium trading range for the day is 107.6-110.
Aluminium ended with gains as prices got supported as economic indicators from the US were upbeat.
In the euro zone, France’s final manufacturing PMI dropped to 49.6 in May, arresting a rising stream through March to April

Technically market is under short covering as market has witnessed drop in open interest by -0.26% to settled at 3127.

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CAPITAL STROKE UPDATE 3-June-2014 : MCX NATURAL GAS

Natural gas trading range for the day is 266.8-277.
Natural gas gained as market players prepped for the arrival of summertime temperatures in the U.S., which should hike demand.
Updated weather-forecasting models called for above-normal temperatures to settle through the first week of June.
Meanwhile, market players continued to assess the outlook for U.S. supply levels.
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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 3 JUNE 2014

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27300 R1-27000 S1-26400 S2-26100

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

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6200 R1-6120 S1-6000 S2-5930

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-426 R1-422 S1-410 S2-404

LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-129 R1-127 S1-123 S2-121

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-128 R1-126 S1-122 S2-120

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1180 R1-1165 S1-1135 S2-1120

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CAPITAL STROKE UPDATE 2-June-2014: MCX ALUMINIUM

Aluminium trading range for the day is 106.2-110.
Aluminium settled up by 0.37% amid indications that supply of the metal is constrained.
Aluminium was on track for its biggest monthly rise since February on the back of healthy demand, but gains were limited due to high stocks levels.

Aluminum weekly stocks at Shanghai exchange came down by 1567 tonnes.

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CAPITAL STROKE UPDATE 2-June-2014 : MCX NATURAL GAS

Natural gas trading range for the day is 263.8-276.2.
Natural gas settled down after official data revealed U.S. stockpiles rose more than markets were expecting last week.
The U.S. EIA said in its weekly report that natural gas storage in the U.S. in the week ended May 23 rose by 114 billion cubic feet.

Meanwhile, market players prepped for the arrival of summertime temperatures in the U.S., which should hike demand.

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CAPITAL STROKE UPDATE 2-June-2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27400 R1-27100 S1-26600 S2-26300 
Gold settled up but on weekly basis seen under pressure as an improving U.S. economic outlook dented its appeal as an investment-hedge.
Prices largely ignored a U.S. government report which showed falling U.S. consumer spending for the first time in a year in April.
Heavy technical selling throughout the week sent bullion prices below $1,250 for the first time since Feb. 4.

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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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