CAPITAL STROKE UPDATE 6-June-2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-26500 R1-26200 S1-25600 S2-25300
 Gold gained after the ECB cut interest rates to record lows and its chief Mario Draghi unveiled a package of new stimulus measures.The ECB lowered the deposit rate to -0.1 percent, meaning it will effectively charge banks for holding their money overnight.
Markets were now eyeing Friday's U.S. nonfarm payrolls to gauge the strength of the economy.

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CAPITAL STROKE UPDATE 6-June-2014 : MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-43000 R1-41500 S1-38500 S2-36500
Silver prices rallied as investors digested a package of fresh stimulus measures by the European Central Bank.The European Central Bank cut its benchmark interest rate to a record-low 0.15% from the 0.25% rate held since November.Prices found additional support after data showed that the number of people who filed for unemployment assistance rose more than expected.

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CAPITAL STROKE UPDATE 6-June-2014 : MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6200 R1-6120 S1-6000 S2-5930
Crude oil slipped as worries about risks to supply caused by violence in Ukraine eased on hopes that talks could resolve the situation.Oil was also pressured as the dollar gained after the ECB cut interest rates to record lows and imposed negative rates on its overnight deposits.

Worries about the demand outlook for China, the world's biggest energy consumer, also kept prices in check.

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CAPITAL STROKE UPDATE 6-June-2014 : MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-416 R1-410 S1-400 S2-396
Copper prices dropped amid growing concerns over the demand outlook in China.
Copper dipped amid uncertainty about the impact of an investigation into metal financing at Qingdao port, which has disrupted some shipments.Losses were modest due to recent robust U.S. economic data and comments from China suggesting it had warded off a slowdown in growth.

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CAPITAL STROKE UPDATE 6-June-2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-127 R1-125 S1-122 S2-120
Zinc settled flat as prices not affected significantly despite European Central Bank executed easy monetary policies.The United States will also release employment data on Friday that may reinforce a recovery trend in the world's largest economy.
Zinc daily stocks at Shanghai exchange came down by 449 tonnes.

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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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