CAPITAL STROKE UPDATE 11-June-2014 : MCX ALUMINIUM

Aluminium trading range for the day is 109.8-113.4.
Aluminium prices retreated from recent highs as traders took profits, but the term outlook for the metals remains upbeat.
A small deficit in the aluminium market in the first half is however expected to disappear as large projects come on line, mostly in China.

Aluminium daily stocks at Shanghai exchange came down by 807 tonnes.

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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 11 JUNE 2014

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-26800 R1-26500 S1-25800 S2-25500

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-43500 R1-42000 S1-39000 S2-37500

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 S1-124 S2-122

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

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1140 R1-1125 S1-1095 S2-1080

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CAPITAL STROKE UPDATE 10-June-2014 : MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-43000 R1-41500 S1-38500 S2-36500
Silver held its ground after U.S. jobs data matched expectations, while a rally in stocks curbed metal's appeal as an investment hedge.
The Department of Labor reported that U.S. economy added 217k jobs last month, just under expectations.
India‘s purchases of silver totaled 6,016 tonnes in 2013, a record-high, and considering the buying interest on the country’s market.

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CAPITAL STROKE UPDATE 10-June-2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-26500 R1-26200 S1-25700 S2-25400
Gold prices moved higher but gains remained limited as a stock market rally dampened safe haven demand for precious metal.
Last week European Central Bank unveiled a package of measures to avert the threat of persistently low inflation in the euro area
The dollar, meanwhile, continued to see support on solid U.S. unemployment data, which also dampened gold's advance.

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CAPITAL STROKE UPDATE 10-June-2014 : MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6320 R1-6250 S1-6100 S2-6030
Crude oil gained as strong Chinese and U.S. data pointed to healthy economic growth and higher demand for oil from the world's top two consumers.
The positive data boosted an oil market already bolstered by the loss of crude exports from Libya, where violence and civil turmoil have cut oil output.
OPEC meets in Vienna this week and is likely to keep an output target of 30 million bpd.

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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.

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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.

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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

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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.

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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.

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