CAPITAL STROKE UPDATE 20-June-2014 : MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6550 R1-6480 S1-6320 S2-625
Crude oil prices gains as the United States said it could send military advisers to Iraq, raising concerns about the escalating conflict.

If the 300,000 barrels per day refinery stays closed, Baghdad will need to import more oil products to meet its own domestic consumption

Concerns the crisis will escalate and disrupt oil production sent prices higher, though Iraq's major oilfields still remain far south of the fighting

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CAPITAL STROKE UPDATE 20-June-2014 : MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-47500 R1-46000 S1-42500
S2-41000
Silver prices rallied as easy monetary policies globally and tension in the Middle East supported safe-haven demand.Separately, concerns the U.S. will get involved in Iraq's violent insurgency boosted bullion's appeal as a hedge as well Holdings at ishares silver trust dropped by 0.35% i.e. 35.84 tonnes to 10226.14 tonnes from 10261.98 tonnes.

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CAPITAL STROKE UPDATE 20-June-2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28200 R1-27900 S1-27300 S2-27000
Gold rose as the Federal Reserve's lack of commitment to raise interest rates and continued tensions in the Middle East unleashed a wave of short covering.The Fed statement and geopolitical tensions sparked a frantic reversal in market sentiment.
Lower U.S. 2014 growth forecast by the Fed and lingering geopolitical tensions in Iraq and Ukraine rekindled investors' interest in gold

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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 20 JUNE 2014

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28200 R1-27900 S1- 27300 S2-27000

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-47500 R1-46000 S1-42500
S2-41000

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6550 R1-6480 S1-6320 S2-6250

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 R2-132 R1-130 S1-126 S2-124

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1150 R1-1130 S1-1100 S2-1080

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CAPITAL STROKE UPDATE 19-June-2014 : MCX GOLD

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

Gold steadied before the conclusion of a two-day U.S. Fed meeting, which was expected to yield a more hawkish tone from the central bank.

Fed on said it was leaving its benchmark interest rate unchanged at 0.00-0.25% but said it would cut its monthly bond-buying program to $35 billion

Gold jewellery exports from India are likely to grow by a quarter in the year to March 2015, helped by an expected relaxation of import policy.

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CAPITAL STROKE UPDATE 19-June-2014 : MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-45500 R1-44000 S1-40000 S2-38500
Silver prices swung between small gains and losses as investors remained on the sidelines ahead of the outcome of the Federal Reserve's policy meeting.
The U.S. current account deficit widened more than expected in the first three months of the year, official data showed.

The central bank slashed its forecast for U.S. economic growth to a range of between 2.1 percent and 2.3 percent.

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CAPITAL STROKE UPDATE 19-June-2014 : MCX CRUDE OIL

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

Crude oil prices dropped after government numbers showed domestic crude inventories fell much less than an industry group had reported.

EIA showed U.S. crude oil inventories to have declined 0.58 million barrels in the week ended June 13

The situation in Iraq continues to be of concern with Islamic militants advancing towards Iraq's capital.

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CAPITAL STROKE UPDATE 19-June-2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-131 R1-129 S1-125 S2-123
Zinc settled firm as optimistic statements by the Chinese Premier should continue to lend solid support to prices.
Fed Yellen’s remarks on economy and job market following the policy meeting were welcomed by the market, allowing US stock prices to rise further

The number of US initial jobless claims last week and Philadelphia Fed’s June manufacturing index will be released today.

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CAPITAL STROKE UPDATE 19-June-2014 : MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-420 R1-414 S1-402 S2-396
Copper dropped on rupee firmness after finding support from a pledge by Chinese authorities to support growth as well as shortfall in supply.
Premier Li Keqiang said China's economy will grow 7.5 percent, maintain medium-to-high growth in the long run.
Later, the US Fed announced to cut its bond buying program another USD 10 billion to USD 35 billion per month.

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CAPITAL STROKE UPDATE 19-June-2014 : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1190 R1-1170 S1-1140 S2-1120
Nickel slid after inventories jumped to record high, reminding investors that the price has rallied this year ahead of expected shortages
Prices also seen under pressure on profit booking after prices gained on renewed concerns over disruptions in Russian supply.
Nickel prices is expected to go into a deficit later this year after Indonesia imposed a ban on shipments of unprocessed ore.

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