CAPITAL STROKE UPDATE 6-June-2014 : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1155 R1-1140 S1-1110 S2-1095
Nickel settled down as pressure seen after news that Vale’s New Caledonian nickel output set to resume within 10 Days.European Central Bank lowered its benchmark interest rates from 0.25% to 0.15%, and lowered deposit interest rates to -0.1%.
Technically market is under fresh selling as market has witnessed gain in open interest by 0.21% to settled at 5851.

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CAPITAL STROKE UPDATE 6-June-2014 : MCX NATURAL GAS

Natural gas trading range for the day is 269.5-283.9.
Natural gas turned lower after data showed that U.S. natural gas supplies rose more than expected last week.The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. rose by 119 billion cubic feet.
Producers would need to add approximately 2.5 trillion cubic feet to storage by November 1 to meet typical winter demand.

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CAPITAL STROKE UPDATE 6-June-2014 : MCX ALUMINIUM

Aluminium trading range for the day is 106.9-110.7.
Aluminium gains as investors bet that material tied up in warehouse backlogs would remain off the market due to extended legal wrangling.Prices also seen supported amid signs Indonesia will keep barring ore exports.
LME said it decided to appeal against a court ruling that halted a reform aimed at cutting backlogs at its global warehouse network.

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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 6 JUNE 2014

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-26500 R1-26200 S1-25600 S2-25300

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-43000 R1-41500 S1-38500 S2-36500

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

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-416 R1-410 S1-400 S2-396

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

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-127 R1-125 S1-122 S2-120

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1155 R1-1140 S1-1110 S2-1095

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CAPITAL STROKE UPDATE 5-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 5-June-2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27300 R1-27100 S1-26400 S2-26100
Gold settled flat as prices seen under pressure as a recent string of upbeat U.S. data dampened safe-haven demand.Investors fretted over the possibility of an upcoming ECB rate cut and uncertainties over key U.S. jobs data due later this week.

Asian physical demand for gold, which tends to provide a floor for the shiny metal during bearish times, has also been weak.

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CAPITAL STROKE UPDATE 5-June-2014 : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1165 R1-1150 S1-1120 S2-1105
Nickel rose as the shutdown added to mounting global supply concern after Indonesia, banned ore shipments earlier this yearDemand for refined nickel will exceed supply by 36,000 tons this year and 131,000 tons in 2015.

US ADP's May employment in the private sector was 179,000, lower than expectations, while April's figures were revised from 220,000.

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CAPITAL STROKE UPDATE 5-June-2014 : MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-42500 R1-41000 S1-38000 S2-36500
Silver settled flat as prices faced a risk of more losses if the European Central Bank meets expectations to cut ratesPayroll processing firm ADP said non-farm private employment rose by 179,000 in May, below expectations for an increase of 210,000.
ECB is widely expected to cut all of its interest rates, which would push the deposit rate into negative territory for the first time.

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CAPITAL STROKE UPDATE 5-June-2014 : MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6200 R1-6150 S1-6050 S2-5970.
Crude settled flat as hopes that a peace plan from Ukraine's president-elect might help ease the crisis with Russian separatists cooled rally.
The U.S. Energy Information Administration said crude stockpiles fell 3.4 million barrels for the week.
OPEC crude production climbed in May for the first time in three months, led by gains in Angola and Saudi Arabia

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CAPITAL STROKE UPDATE 5-June-2014 : MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-426 R1-422 S1-410 S2-404
Copper ended with losses under pressure from signs of a surplus and doubts about the outlook for demand from China
Traders were concerned about disruption to import shipments related to a probe of financing deals.
Fed’s Beige book indicated modest growth in most of federal districts, and the US trade deficit expanded to a 2-year high in April.In the US, factory orders increased more than expected in April, but prices fell slightly.

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