CAPITAL STROKE UPDATE 17-June-2014 : MCX ALUMINIUM

Aluminium trading range for the day is 108.7-110.3.
Aluminium ended with gains on signs that demand will pick up as economies gain in China, and the U.S.
Aluminum markets are expected to be in a deficit of 1.3 million tonnes in 2014 as lower prices prompted miners to reduce output

Aluminium weekly stocks at Shanghai exchange came down by 327 tonnes.

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CAPITAL STROKE UPDATE 16-June-2014 : MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6450 R1-6380 S1-6250 S2-6170
Crudeoil rallied as concerns persisted that an insurgency in Iraq could disrupt oil exports from the second-largest OPEC producer.
Oil markets should be balanced during the second half of this year with extra production sufficient to meet growing demand.

The IEA played down fears over the possible sudden loss of oil exports from Iraq in its monthly Oil Market Report.

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CAPITAL STROKE UPDATE 16-June-2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27300 R1-27000 S1-26300 S2-26000
Gold settled up as escalating violence in Iraq boosted demand for the precious metal as a haven.
Elsewhere, soft U.S. economic indicators kept gold prices in positive territory.
U.S. producer prices unexpectedly sank in May, while consumer sentiment data showed a decline in June to lowest level in three months.

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CAPITAL STROKE UPDATE 16-June-2014 : MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-45500 R1-44000 S1-40000 S2-38500
Silver settled up as growing turmoil in Iraq helped lift prices to their highest settlement in three weeks.
The safe-haven metal, however, failed to rally further on market expectations that security conditions in Iraq will improve soon
Official data showed that U.S. producer price inflation fell 0.2% in May, confounding expectations for a 0.1% rise.

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CAPITAL STROKE UPDATE 16-June-2014 : MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-412 R1-406 S1-394 S2-388
Copper prices recovered as buying picked up a day after prices dropped due to concerns over demand and a probe into metals financing in China.
News that authorities are investigating the use of cargoes of metal as collateral in financing deals in China has raised fears about trade in the metal.

Investors are likely to monitor economic data from China closely to gauge the health of the economy has had a soft start to the year.

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CAPITAL STROKE UPDATE 16-June-2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-126 R1-126 S1-124 S2-120
Zinc ended with gains as China's industry output in May was positive, boosting market confidence.
But euro zone trade data in April, US May PPI and University of Michigan's June CCI all fell far short of expectations, limiting upside.
Zinc weekly stocks at Shanghai exchange came down by 2296 tonne

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CAPITAL STROKE UPDATE 16-June-2014 : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1110 R1-1095 S1-1065 S2-1050
Nickel rose on short covering as prices recovered sank to its lowest price in about a month on Thursday.
China's industry output in May was up 8.8%, with the growth up 0.1% YoY.
In the U.S., data released Friday showed that that U.S. consumer sentiment unexpectedly deteriorated in June.

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CAPITAL STROKE UPDATE 16-June-2014 : MCX NATURAL GAS

Natural gas trading range for the day is 279.9-289.3.
Natural gas settled up after U.S. stockpiles of the fuel increased at a slower rate than expected.
The boost comes after the latest stockpile update by the U.S. Energy Information Administration failed to meet projections.
Stocks were 727 bcf less than last year at this time and 877 bcf below the five-year average of 2.483 trillion cubic feet.

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CAPITAL STROKE UPDATE 16-June-2014 : MCX ALUMINIUM

Aluminium trading range for the day is 107.1-109.7.
Aluminium gained as China’s industrial output and retail sales data for May matched forecasts, easing worries over a China slowdown.
In the week ahead, investors will be focusing on the outcome of Wednesday’s Federal Reserve policy meeting.
Aluminium weekly stocks at Shanghai exchange came up by 626 tonnes.

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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 16 JUNE 2014

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27300 R1-27000 S1-26300 S2-26000

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-45500 R1-44000 S1-40000 S2-38500

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6450 R1-6380 S1-6250 S2-6170

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-412 R1-406 S1-394 S2-388

LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-128 R1-126 S1-122 S2-120

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

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1110 R1-1095 S1-1065 S2-1050

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