CAPITAL STROKE UPDATE 23-June-2014 : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1140 R1-1120 S1-1090 S2-1075
Nickel prices dropped as prices seen under pressure as Indonesia shows no signs of relaxing the ban on exports of unprocessed minerals
The impact is already clear to see in the monthly statistical updates from the International Nickel Study Group (INSG).

The most recent INSG bulletin, covering the month of April, pegs that month's surplus at just 1,900 tonnes.

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CAPITAL STROKE UPDATE 23-June-2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-134 R1-132 S1-128 S2-126
Zinc rose as prices were supported after inventories monitored by the LME fell to the lowest since December 2010.
Global zinc demand outpaced supply by 107,000 tonnes in January to April, up sharply from a deficit of 17,000 tonnes in January-March.

Technically market is under fresh buying as market has witnessed gain in open interest by 2.78% to settled at 3590.

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CAPITAL STROKE UPDATE 23-June-2014 : MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-424 R1-420 S1-410 S2-406
Copper rose backed by tighter physical supply in top metal consumer China.
Combined copper stockpiles monitored by exchanges in London, Shanghai and New York extended a drop to the lowest since October 2008.

Physical copper supply in China - the world's biggest consumer of the metal - is tightening at a time when demand is brisk.

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CAPITAL STROKE UPDATE 23-June-2014 : MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6600 R1-6520 S1-6380 S2-6300
Crude oil rose as a bloody Iraq insurgency continued to stoke fears shipments from the oil-rich country will be affected.
Iraq produced approximately 3.5 million barrels a day of oil last month, making it OPEC’s second-biggest oil producer.

World oil demand is expected to increase by 1.14 mb/d in 2014, in line with the previous month’s forecast.

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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 23 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 S1-43000
S2-41500

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6600 R1-6520 S1-6380 S2-6300

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-424 R1-420 S1-410 S2-406

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

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-134 R1-132 S1-128 S2-126

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1140 R1-1120 S1-1090 S2-1075

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CAPITAL STROKE UPDATE 20-June-2014 : MCX ALUMINIUM

Aluminium trading range for the day is 109.1-113.5.
Aluminium ended with gains as the market continued to absorb positive effects from Premier Li's statement.

The number of US initial jobless claims last week and Philadelphia Fed's June manufacturing index both topped market expectations, boosting market sentiment.

Aluminium daily stocks at Shanghai exchange came down by 2325 tonnes.

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CAPITAL STROKE UPDATE 20-June-2014 : MCX NATURAL GAS

Naturalgas trading range for the day is 271-285.8.
Natural gas prices fell after data revealed that U.S. inventories rose more than expected last week.

The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. rose by 113 billion cubic feet.

Stockpiles increased by 92 billion cubic feet in the same week a year earlier, while the five-year average build for the week is 87 billion.

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CAPITAL STROKE UPDATE 20-June-2014 : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1150 R1-1130 S1-1100 S2-1080
Nickel prices came under pressure from a build-up in stockpiles.

Nickel stocks in LME-registered warehouses surged by 19,242 tonnes across diverse locations in Asia to a record high on Wednesday.

The rise in stocks reminded investors that a ban on unprocessed ore by Indonesia, which spurred 35% gains this year, has not yet hit the refined market.

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CAPITAL STROKE UPDATE 20-June-2014 : MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-420 R1-414 S1-402 S2-396
Copper prices recovered from lows to end with gains amid mounting optimism over the outlook for growth in the U.S. and China.

Meanwhile, in China, Premier Li Keqiang pledged to meet China’s target for economic expansion this year and ruled out a hard landing.

he Philly Fed manufacturing index exceeded forecast in June, and last week’s initial jobless claims hit a nearly seven-year low.

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CAPITAL STROKE UPDATE 20-June-2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-132 R1-130 S1-126 S2-124
Zinc rose after recent data showed a rising market deficit, and investors expect the figure to grow further as major mines shut down.

The global zinc market was in a 107,000 tonne deficit in January to April, versus a deficit of 17,000 tonnes in January-March.

Stockpiles tracked by the London Metal Exchange have dropped 28 percent this year to the lowest since December 2010.

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