CAPITAL STROKE UPDATE 10-June-2014 : MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-412 R1-406 S1-394 S2-388
Copper settled flat as prices misses rally falling on reports that China was probing suspected fraud involving metal stockpiles in the port of Qingdao.
Weaker than expected Chinese import data also weighed on market sentiment deepening concerns about the pace of economic growth.
China central bank cuts banks' reserve requirement ratio by 50 bps.

For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

CAPITAL STROKE UPDATE 10-June-2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-130 R1-128 S1-125 S2-123
Zinc ended with gains after PBOC lowered deposit reserve ratio overnight to boost market sentiment
Upbeat U.S. unemployment numbers released last week supported the commodity as well
Zinc daily stocks at Shanghai exchange came down by 603 tonnes.

For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

CAPITAL STROKE UPDATE 10-June-2014 : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1150 R1-1135 S1-1105 S2-1095
Nickel prices gained as both technical and fundamental factors pointed to positive movements and the upswing in nickel prices accelerated.
In the short term, however, Chinese nickel pig iron production is predicted to fall by around 100,000 tons, this year.
Technically market is under fresh buying as market has witnessed gain in open interest by 6.95% to settled at 5506

For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

CAPITAL STROKE UPDATE 10-June-2014 : MCX NATURAL GAS

Natural gas trading range for the day is 272.7-282.7.
Natural gas dropped as cooler weather across many regions of the U.S. looked likely to crimp demand from power plants.Most forecasts said the Midwest and Texas would see cooler-than-average temperatures over the next five days.Last week the EIA reported that natural gas stockpiles in the week ended May 30 rose by 119 billion cubic feet.

For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

CAPITAL STROKE UPDATE 10-June-2014 : MCX ALUMINIUM

Aluminium trading range for the day is 109-114.8.
Aluminium gained as investors closing short positions due to concerns that Indonesia’s export ban could boost aluminium prices LME stocks fell another 7,600 tonnes and have declined 5.5 percent so far this year, but are still at 5.15 million tonnes.
Aluminium daily stocks at Shanghai exchange came down by 175 tonnes.

For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 10 JUNE 2014

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-26500 R1-26200 S1-25700 S2-25400

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

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6320 R1-6250 S1-6100 S2-6030

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-412 R1-406 S1-394 S2-388

LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-130 R1-128 S1-125 S2-123

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-130 R1-128 S1-125 S2-123

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1150 R1-1135 S1-1105 S2-1095

For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

CAPITAL STROKE UPDATE 9-June-2014 : MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-42500 R1-41500 S1-38500 S2-36500
Silver prices dropped as after data revealed the U.S. economy saw an uptick in new job creation in May.
U.S. employment report for May showed a slightly higher than expected rise of 217,000 in non-farm payrolls.
Holdings at ishares silver trust dropped by 0.04% i.e. 4.51 tonnes to 10354.58 tonnes from 10359.09 tonnes.

For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

CAPITAL STROKE UPDATE 9-June-2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27300 R1-27100 S1-26400 S2-26100
Gold dropped as the dollar rose after a closely watched monthly U.S. jobs report underscored expectations of a steady recovery.
While appetite for the metal initially picked up after the report, gains were capped by expectations that Fed will continue to unwind its stimulus measures.
Nonfarm payrolls increased 217,000 last month, the Labor Department said, against expectations for a 218,000 rise.

For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

CAPITAL STROKE UPDATE 9-June-2014 : MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6200 R1-6120 S1-6000 S2-5920
Crude oil settled flat as prices were seen support after a solid jobs report in US pointed to economic strength and growing oil demand.
Oil's gains were limited, however, as market players eyed developments over Ukraine.

Total crude inventories remain high in US although new pipeline capacities have drained stocks at delivery point in Cushing, Oklahoma.

For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

CAPITAL STROKE UPDATE 9-June-2014 : MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-410 R1-404 S1-394 S2-388
Copper dropped as an investigation into metal financing in China prompted speculation that a crackdown could hit trade in the metal.
Some copper cargoes held at China's Qingdao Port were being shipped to more regulated LME warehouses.

Limiting losses, U.S. employers kept up a solid pace of hiring in May, returning employment to its pre-recession level.

For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704

Read More