CAPITAL STROKE UPDATE 4-June-2014 : MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6200 R1-6150 S1-6050 S2-5980
Crude oil gained ahead of weekly crude inventory data from EIA even as dollar weakened.
Crude inventories fell 1.4 million barrels in the week to May 30 to 382.5 million barrels, data from industry group the American Petroleum Institute showed.

U.S. supplies for the week ending May 30 is expected to show a decline of 2 million barrels in crude oil stocks.

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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 4 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 R1-6150 S1-6050 S2-5980

COPPER: - CONSOLIDATE STRATEGY BUY ON DIPR2-424 R1-418 S1-406 S2-400

LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-130 R1-128 S1-124 S2-122

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

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1160 R1-1145 S1-1115 S2-1100

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CAPITAL STROKE UPDATE 3-June-2014 : MCX SILVER

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

Silver recovers from 11-month low as support seen from base metals after prices dropped as investors continued to sell amid a weak technical outlook.
Precious metal has been under heavy selling pressure recently as investors bet on strong economic growth in the U.S. during the second quarter.
Holdings at ishares silver trust gained by 0.73% i.e. 74.69 tonnes to 10359.09 tonnes from 10284.40 tonnes.

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CAPITAL STROKE UPDATE 3-June-2014 : MCX GOLD

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

Gold slid hurt by stronger global equities and weak physical demand in Asia.
Gold extended losses from last week as prices remained below key support levels, indicating bearish chart signals.

Data revealed an expanding U.S. manufacturing sector despite two corrections made to a widely-watched factory index that confused markets earlier.

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CAPITAL STROKE UPDATE 3-June-2014 : MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6200 R1-6120 S1-6000 S2-5930
Crude oil dropped weighed down by a stronger dollar and data showing output from OPEC group of exporting countries hit a three-month high.
Supply from the OPEC averaged 30.02 million barrels per day (bpd), up from 29.68 million bpd in April.

Oil exports from Iraq rose by 8 percent in May and a new floating terminal was inaugurated.

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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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