CAPITAL STROKE UPDATE 11-June-2014 : MCX ZINC

Zinc trading range for the day is 124.3-127.7.
Zinc dropped on profit booking after price seen supported led by stronger-than-expected consumption and tight supply.
Chinese zinc demand is seen growing by 8 percent this year, the fastest since 2010, driven by auto sales.

Zinc daily stocks at Shanghai exchange came down by 26 tonnes.

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CAPITAL STROKE UPDATE 11-June-2014 : MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-412 R1-406 S1-394 S2-388
Copper recovered losses on short covering after price dropped as Chinese authorities continued to investigate.Official data showed that the annual rate of consumer price inflation in China ticked up to a four-month high of 2.5% in May.

Latest data from top consumer China showed encouraging signs of an economic recovery.

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CAPITAL STROKE UPDATE 11-June-2014 : MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6320 R1-6250 S1-6100 S2-6030
Crude oil dropped as investors jumped to the sidelines to await the release of industry and official weekly stockpile reports.
Oil exports from Libya have dropped to a trickle in recent months, removing as much as 1.4 million barrels per day (bpd) of high-quality.

Traders were looking ahead to meeting of OPEC in Vienna, amid expectations the organization will maintain its production quota at 30 million.

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CAPITAL STROKE UPDATE 11-June-2014 : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1140 R1-1125 S1-1095 S2-1080
Nickel prices dropped as the US dollar index closed with gains for three consecutive days, weighing down prices.
Expectations for interest rate hike were running high due to Fed’s optimism over the US economy outlook, dragging the prices down.

Yesterday’s economic releases from China seemed to have limited impact on markets.

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CAPITAL STROKE UPDATE 11-June-2014 : MCX NATURAL GAS

Naturalgas trading range for the day is 264.2-278.6.
Natural gas extended losses as mild weather forecasts weighed on near-term demand expectations for the fuel.Meanwhile, market players continued to assess the outlook for U.S. supply levels.
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 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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