CAPITAL STROKE UPDATE 18-June-2014 : MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6550 R1-6480 S1-6350 S2-6280
Crude oil dropped pressured by signs of a thaw in relations between Iran and the West.
The IEA expects world oil demand in 2014 to average 92.76 million bpd, 960,000 bpd more than expected in May 2013

Today crude oil inventories: Exp: -0.6M Prev: -2.6M. Actual is at 8.00PM

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CAPITAL STROKE UPDATE 18-June-2014 : MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-420 R1-414 S1-402 S2-396
Copper gained as China's affirmation of economic growth targets and expectations of further stimulus measures reassured investors.
China is confident it will hit its growth target of 7.5 percent this year, Chinese Premier said, adding government was ready to adjust policy to ensure it does.

China's production of refined copper in May rose 5.3 percent from the previous month, data from the National Bureau of Statistics showed.

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CAPITAL STROKE UPDATE 18-June-2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-131 R1-129 S1-125 S2-123
Zinc was a touch firmer after China's leaders reaffirmed a 7.5 percent economic growth target this year.
Firm prices and strong seasonal demand also boosted China's production of refined zinc and refined lead in May.
Refined zinc production was up 1.2 percent from the previous month to 461,021 tonnes in May.

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CAPITAL STROKE UPDATE 18-June-2014 : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1190 R1-1170 S1-1140 S2-1120
Nickel ended with gains on continuing supply concerns.
The metal continued to take strength from an ore export ban in Indonesia, that has sharply constricted exports from the major producer.
Refined nickel fell 3.7 percent on-month to 27,751 tonnes in May, reversing a mild rise in April, the data showed.

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CAPITAL STROKE UPDATE 18-June-2014 : MCX NATURAL GAS

Naturalgas trading range for the day is 279.4-289.2.
Natural gas swung between small gains and losses, as market players continued to assess the outlook for U.S. demand and supply levels.
Updated weather-forecasting models showed that warmer weather was expected in the U.S. Central and East over the next five days.
Meanwhile, market players continued to assess the outlook for U.S. supply levels.

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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.

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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

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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.

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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.

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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.

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