CAPITAL STROKE UPDATE 4-June-2014 : MCX ALUMINIUM

Aluminium trading range for the day is 107.5-110.7.
Aluminium ended with gains as market responded mildly to an uptick in China’s manufacturing PMI for May.
US factory orders growth reached 0.7% MoM in April, with March’s growth revised up to 1.5% from previous 0.9% and up for a third straight month.
Aluminium daily stocks at Shanghai exchange came up by 100 tonnes.

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CAPITAL STROKE UPDATE 4-June-2014 : MCX NATURAL GAS

Natural gas trading range for the day is 270.6-280.
Natural gas prices ended with gains as market players assessed the outlook for U.S. demand and supply levels.
Producers would need to add approximately 2.5 trillion cubic feet to storage by November 1 to meet typical winter demand.
Demand for natural gas tends to rise in the summer months as warmer temperatures increase the need for gas-fired electricity.

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CAPITAL STROKE UPDATE 4-June-2014 : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1160 R1-1145 S1-1115 S2-1100
Nickel dropped after lacklustre factory data from China and Europe dented investor outlook on demand for the metal.
The final reading of the HSBC manufacturing purchasing managers' index posted a smaller decline than the preliminary reading announced in May.
Data from the Eurostat revealed Tuesday that the euro zone’s CPI declined to 0.5% in May in a sign that single currency bloc was still plagued with deflationary risks.

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CAPITAL STROKE UPDATE 4-June-2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-128 R1-126 S1-122 S2-120
Zinc gained buoyed by signs of reviving momentum in China's economy as China returned from a holiday weekend.
HSBC’s China final manufacturing PMI for May released on Tuesday rose to a fresh 4-month high of
49.4.

Zinc daily stocks at Shanghai exchange came down by 826 tonnes.

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CAPITAL STROKE UPDATE 4-June-2014 : MCX COPPER

COPPER: - CONSOLIDATE STRATEGY BUY ON DIPR2-424 R1-418 S1-406 S2-400
Copper prices dropped on profit booking as investors digested mixed data on China’s economy.
China’s final HSBC Purchasing Managers Index for May released came in at 49.4, down from a preliminary estimate of 49.7.

In the US, factory orders increased more than expected in April, but prices fell slightly.

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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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