CAPITAL STROKE UPDATE 18-June-2014 : MCX ALUMINIUM

Aluminium trading range for the day is 108.6-110.8.
Aluminium ended with gains speculation that demand will stabilize in China and the U.S.
In the first five months of 2014, aluminium production increased 7.9 percent year-on-year to 9.588 million tonnes.

Firm prices prompted aluminium smelters to stop closing high-cost capacity, while some smelters had restarted some idle capacity.

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

Read More

CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 18 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 R2-420 R1-414 S1-402 S2-396

LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-131 R1-129 S1-125 S2-123

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-131 R1-129 S1-125 S2-123

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1190 R1-1170 S1-1140 S2-1120

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

Read More

CAPITAL STROKE UPDATE 17-June-2014 : MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-418 R1-412 S1-400 S2-394
Copper gained as support seen after market was under the influence of an extension of China’s “targeted RRR cut”.
 
The US economic data also proved upbeat, with both May factory output and June NAHB housing index exceeding expectations.
However, investors remained cautious due to the upcoming Fed policy meeting and geopolitical crisis.

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

Read More

CAPITAL STROKE UPDATE 17-June-2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27400 R1-27100 S1-26500 S2-26200
Gold ended with gains getting support from geopolitical issues, but any macroeconomic improvement could cap rallies.
Concerns over the ongoing unrest in Iraq continued to weigh on the dollar, as escalating conflict could dampen global recovery.

SPDR gold trust holdings dropped by 4.20 tonnes i.e. 0.53% to 782.88 tonnes from 787.08 tonnes.

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

Read More

CAPITAL STROKE UPDATE 17-June-2014 : MCX SILVER

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

Silver prices traded near a three-week high as ongoing concerns over violence in Iraq supported demand for safe-haven assets.
Markets players continued to monitor developments in Iraq, where the conflict continued over the weekend.

Holdings at ishares silver trust dropped by 0.58% i.e. 59.74 tonnes to 10261.98 tonnes from 10321.72 tonnes.

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

Read More

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.

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

Read More

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.

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

Read More

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.

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

Read More

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

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

Read More

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.

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

Read More