CAPITAL STROKE UPDATE 26-June-2014 : MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6550 R1-6480 S1-6360 S2-6280
Crude oil gained amid fears the ongoing violence in Iraq could disrupt oil supplies from the region
U.S. crude inventories unexpectedly grew by 1.7 million barrels last week to 388.1 million barrels, data from the EIA showed.
OPEC is ready to pump extra oil in the event of any supply disruptions caused by Iraq and Saudi Arabia, can ramp up to capacity if needed

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CAPITAL STROKE UPDATE 26-June-2014 : MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-430 R1-426 S1-414 S2-408

Copper seen supported as the market brushed aside weak US economic growth data and refocused on falling global inventories.

Global inventories at warehouses tracked by the three main exchanges have declined 51 percent this year.
Prices are set to extend gains along with stimulus programs introduced by Chinese local governments and a fall in the US dollar index

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CAPITAL STROKE UPDATE 26-June-2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-135 R1-133 S1-128 S2-126
Zinc gained after data showed US Q1 GDP unexpectedly fell while US Markit PMI in June hit a record high since October 2009.
Yesterday the US durable goods orders slipped unexpected in May, the first decline in four months
The disappointing growth indicated the US economy took a severe hit from the unusually cold weather in the
first quarter of the year

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CAPITAL STROKE UPDATE 26-June-2014 : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1145 R1-1130 S1-1100 S2-1085
Nickel settled up recovered from day's low on surplus concerns after LME-refined nickel inventories rose by 0.3% to 305kt.
The US durable goods orders slipped unexpected in May, the first decline in four months, which may indicate that US economy recovered slower than expected.
Market look's that Indonesia’s mineral ore ban will likely remain in effect for the foreseeable future.

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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 26 JUNE 2014

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28200 R1-28000 S1-27400 S2-27100

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-47500 R1-46000 S1-43000 S2-41500

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6550 R1-6480 S1-6360 S2-6280

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-430 R1-426 S1-414 S2-408

LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-132 R1-130 S1-126 S2-124

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-135 R1-133 S1-128 S2-126

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1145 R1-1130 S1-1100 S2-1085

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CAPITAL STROKE UPDATE 26-June-2014 : MCX NATURAL GAS

Natural gas trading range for the day is 271.3-280.3.
Natural gas dropped on expectations for rainy weather and cooler mercury readings to prompt households to throttle back on their air conditioning.
The five-year average build for the week is 81 billion. Total U.S. natural gas storage stood at 1.719 trillion cubic feet as of last week.
Today natural gas storage: Exp: 101B Prev: 113B. Actual is at 8.00PM

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CAPITAL STROKE UPDATE 26-June-2014 : MCX ALUMINIUM

Aluminium trading range for the day is 110.7-114.3.
Aluminium gained as the US economy shrank faster than estimated in Q1 and the country’s durable goods orders fell in May. The number of US initial jobless claims last week will be released today, and a falling US dollar index will give support to base metals prices.

Aluminium daily stocks at Shanghai exchange came down by 2949 tonnes.

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CAPITAL STROKE UPDATE 25-June-2014 : MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6540 R1-6460 S1-6350 S2-6280
Crude oil futures ended with slim losses in the domestic market on Tuesday as investors and speculators exited positions in the energy commodity after a report said that US crude oil stockpiles rose last week, signaling weak demand for the fuel in the world’s biggest crude oil consumer.  Crude oil futures may rise today as an improving US economic outlook lifts demand for the fuel.

At the MCX, Crude Oil futures, for the July 2014 contract, closed at Rs 6,400 per barrel, down by 0.08 per cent, after opening at Rs 6,387, against a previous close of Rs 6,405. It touched an intra-day low of Rs 6,370.

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CAPITAL STROKE UPDATE 25-June-2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28200 R1-28000 S1-27400 S2-27100
Gold futures closed higher in the domestic market on Tuesday as investors and speculators booked fresh
positions in the precious metal tracking a firm trend in the overseas market as lingering tensions in Iraq amid sectarian violence boosted the safe haven demand for the precious metal.

Gold futures may trade lower today as investors stay cautious ahead of the US GDP data. Gold futures for August 2014 contract, at MCX, closed at Rs. 27,731 per 10 grams, up by 0.19 per cent, after opening at Rs. 27,641, against the previous closing price of Rs 27,678. It touched an intra-day high of Rs 27,870.

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CAPITAL STROKE UPDATE 25-June-2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-134 R1-132 S1-128 S2-126
Zinc futures were trading tad lower in the domestic market on Wednesday as investors and speculators stayed cautious over booking fresh positions in the base metal amid weak physical demand for zinc in the domestic spot market.
At the MCX, Zinc futures for June 2014 contract is trading at Rs. 130.45 per 1 kg, down by 0.08 per cent, after opening at Rs. 130.60, against the previous closing price of Rs. 130.55. It touched an intra-day low of Rs. 130.35.

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