CAPITAL STROKE UPDATE 12-June-2014 : MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-43500 R1-42000 S1-39000 S2-37500
Silver gains on demand from bottom fishers, though many investors remained on the sidelines ahead of key retail sales report.
Due to expectations of U.S economic recovery and Fed raising interest rates sooner than expected, bullion prices have dropped significantly.
Holdings at shares silver trust dropped by 0.32% i.e. 32.86 tonnes to 10321.75 tonnes from 10354.58 tonnes.

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CAPITAL STROKE UPDATE 12-June-2014 : MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6320 R1-6250 S1-6130 S2-6050
Crudeoil settled up but moved in choppy trading after investors digested conflicting weekly U.S. supply reports.
Crude oil futures may see support as the latest violence in Iraq rattled the market.
EIA said in its weekly report that U.S. crude oil inventories decreased by 2.6mbls vs -1.9mbls in the week ended June 6.

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CAPITAL STROKE UPDATE 12-June-2014 : MCX NATURAL GAS

Natural gas trading range for the day is 266.2-273.2.
Natural gas traded under pressure as mild weather forecasts weighed on near-term demand expectations for the fuel.Market players continued to assess the outlook for U.S. supply levels. Utilities added 119bcf of gas into storage last week.
While demand can pick up if high pressure build across US and push out showers and bring in warmer temperatures.

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CAPITAL STROKE UPDATE 12-June-2014 : MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-412 R1-406 S1-394 S2-388
Copper dropped as a Chinese probe into financing transactions eroded demand prospects for deals using the metal as collateral.
The World Bank cut its forecast for the global 2014 economic growth to 2.8% from 3.2%, fueling bearish sentiment in base metals markets.

Chinese Premier Li Keqiang said that policy makers will focus more on "targeted measures" to support economic growth.

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CAPITAL STROKE UPDATE 12-June-2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-129 R1-126.5 S1-123 S2-121
Zinc ended with losses as pressure seen after the World Bank lowered its expectations of global economic growth to 2.8%.
The housing vacancy rate in China’s cities and towns reached 22.4% in 2013, causing market concerns and depressing market sentiment.

Zinc daily stocks at Shanghai exchange came down by 603 tonnes.

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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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