CAPITAL STROKE UPDATE 17-June-2014 : MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6550 R1-6480 S1-6350 S2-6280
Crude oil settled up but gave up all its earlier gains to end a tad lower, despite the escalating violence in Iraq.
The rally lost some steam as the Iraqi government tightened security and deployed extra troops around oil infrastructure and oilfields

Investors also weighed some upbeat economic data from U.S. with both industrial production and homebuilder confidence rising more than expected.

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CAPITAL STROKE UPDATE 17-June-2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-129.5 R1-128 S1-124 S2-122
Zinc ended with gains as positive US economic data contributed to an improvement in the prices.
A report showed that U.S. industrial production rose by 0.6% last month, beating forecasts for a 0.5% gain.

Zinc daily stocks at Shanghai exchange came up by 300 tonnes.

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CAPITAL STROKE UPDATE 17-June-2014 : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1150 R1-1135 S1-1105 S2-1090
Nickel rose spurred by targeted RRR cuts by China’s central bank, rising New York Fed’s manufacturing index and US industrial output.
The NY Empire State Index for June was reported at a 4-year high of 19.28, beating the estimated 15, and US industrial output rose 0.6%

The IMF said it now expects the U.S. economy to expand 2% in 2014, down from its forecast of 2.8% in April.

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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 17 JUNE 2014

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27400 R1-27100 S1-26500 S2-26200

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

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6550 R1-6480 S1-6350 S2-6280

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-418 R1-412 S1-400 S2-394

LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-129 R1-127 S1-124 S2-122

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-129.5 R1-128 S1-124 S2-122

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1150 R1-1135 S1-1105 S2-1090

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CAPITAL STROKE UPDATE 17-June-2014 : MCX NATURAL GAS

Naturalgas trading range for the day is 277-292.2.
Naturalgas settled down slipped after forecasts for just a short burst of hot weather brought futures down from a 3 1/2-month intraday high.
Weather forecast reported that high pressure that brought warmer temperatures to the US.
Market players kept an eye out towards Thursday's U.S. supply report. Utilities added 107bcf of gas into storage in the week ending June 6.

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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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