CAPITAL STROKE UPDATE 13-June-2014 : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1100 R1-1080 S1-1050 S2-1030
Nickel dropped on profit-taking after months of rallying based on expectations that an Indonesian ban on exports would lift physical market.
Iraq's turmoil pushed up global oil prices, and growing risk aversion weighed down base metals prices.
The ongoing investigation at the Port of Qingdao and escalating tensions in Iraq should stoke uncertainties in base metals markets

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CAPITAL STROKE UPDATE 13-June-2014 : MCX NATURAL GAS

Naturalgas trading range for the day is 263.6-291.2.
Natural gas surged near to 5% gain since February after US stockpiles of the fuel increased at a slower rate than expected EIA producers pushed 107 billion cubic feet of gas into storage for the week ended June 6, compared to 110 bcf.
Tropical weather systems prompt energy companies to evacuate offshore rigs, which can disrupt supply.

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CAPITAL STROKE UPDATE 13-June-2014 : MCX ALUMINIUM

Aluminium trading range for the day is 105.6-110.4.
Aluminium dropped on disappointing US economic data and growing tensions in Iraq.
The ongoing probe into metal financing fraud in China and instability in Iraq will keep investors cautious.

Aluminium daily stocks at Shanghai exchange came up by 2763 tonnes.

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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 13 JUNE 2014

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-26900 R1-26600 S1-26000 S2-25700

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-44500 R1-43000 S1-40000 S2-38500

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6400 R1-6350 S1-6230 S2-6150

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-406 R1-400 S1-390 S2-384

LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-126 R1-124 S1-120 S2-118

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-126 R1-124 S1-120 S2-118

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1100 R1-1080 S1-1050 S2-1030


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CAPITAL STROKE UPDATE 12-June-2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-26600 R1-26300 S1-25800 S2-25500
Gold dropped after Indian Commerce Ministry has proposed to cutback the prevailing high gold import duty structure.Gold prices have fallen notably in recent sessions due to expectations for U.S. recovery to continue to gain steam and prompt Fed to raise interest rates.
India needs to "rationalise" duty on gold imports, which plunged 72 percent in May.

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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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