CAPITAL STROKE UPDATE 12-June-2014 : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1115 R1-1100 S1-1070 S2-1060
Nickel dropped as negative effects from China's probe into financing fraud at the Port of Qingdao continued to affect prices.
The World Bank’s cut on its outlook for the global economic growth heaped pressure on prices.

UK ILO unemployment rate fell unexpectedly to 6.6% in the three months to April, and the jobless figure for May also decreased by 27,400.

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CAPITAL STROKE UPDATE 12-June-2014 : MCX ALUMINIUM

Aluminium trading range for the day is 107.4-112.8.
Aluminium dropped on profit booking tracking weakness in other base metals after the World Bank revised down its forecast for global economic growth.
Investors also remained cautious for the release of the latest U.S. retail sales and weekly jobless claims reports
Aluminium daily stocks at Shanghai exchange came up by 2043 tonnes.

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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 12 JUNE 2014

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-26600 R1-26300 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 S1-6130 S2-6050

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

LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-129 R1-126.5 S1-123 S2-121

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-129 R1-126.5 S1-123 S2-121

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1115 R1-1100 S1-1070 S2-1060


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CAPITAL STROKE UPDATE 11-June-2014 : MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-43500 R1-42000 S1-39000 S2-37500
Silver gains as traders await economic data later in the week and take cues from global risk appetite.
ECB cut its benchmark interest rate last week to a record-low 0.15% from 0.25% and said it will support the banking sector

Stronger dollar makes bullion more expensive for those holding other currencies thus dimming demand.

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CAPITAL STROKE UPDATE 11-June-2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-26800 R1-26500 S1-25800 S2-25500
Gold prices gained but gains were likely to remain limited as investors remained on the sidelines amid a lack of fresh trading cues.
Investors continued to digest the implications of monetary easing move by ECB and U.S. jobs data which was largely in line with expectations.
The ECB's recent decision cut interest rates continued to weigh on the euro, which bolstered gold's appeal as a hedge.

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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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