CAPITAL STROKE UPDATE 13-June-2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-26900 R1-26600 S1-26000 S2-25700
Gold prices gained after unrest in Iraq threatened to erupt into outright civil war, which bolstered the yellow metal's safe-haven appeal.
Also support seen as weaker than expected retail sales and initial jobless claims underlined concerns over the health of the U.S. economy.

The U.S. Commerce Department said that retail sales inched up by a seasonally adjusted 0.3% last month, missing expectations.

For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

CAPITAL STROKE UPDATE 13-June-2014 : MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-44500 R1-43000 S1-40000 S2-38500
Silver gains as weaker than expected U.S. data on retail sales and initial jobless claims underlined concerns over the health of the U.S. economy.
More short covering and bargain hunting were featured, as has been the case the past few sessions.

Now, some safe-haven demand is also surfacing due to unrest in Iraq.

For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

CAPITAL STROKE UPDATE 13-June-2014 : MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6400 R1-6350 S1-6230 S2-6150
Crude oil ended with gains amid mounting concerns over escalating violence in Iraq.
Exports from northern Iraq have been halted for months because of damage to the pipeline that runs to the Turkish port of Ceyhan.

The violence in Iraq may put at risk projections by the OPEC for extra supply.

For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

CAPITAL STROKE UPDATE 13-June-2014 : MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-406 R1-400 S1-390 S2-384
Copper dropped on caution over a Chinese investigation into metals financing that could impact metals trade and release metal onto the market.
China's central bank said it would keep monetary policy steady in 2014, even as the finance ministry said fiscal spending had surged nearly 25 percent in May.

Thousands of tonnes of "invisible" copper now being hurriedly ushered out of some Chinese warehouses may remain out of sight for months longer.


For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

CAPITAL STROKE UPDATE 13-June-2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-126 R1-124 S1-120 S2-118
Zinc ended with losses as concerns over China’s metal demand and weak US economic data reported weighed on prices.
Combined with worse-than-expected US retail sales in May, risk aversion increased, pushing down prices.

Zinc daily stocks at Shanghai exchange came up by 1503 tonnes.

For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

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

For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

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.

For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

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.

For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

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


For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

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.

For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704

Read More