CAPITAL STROKE COMMODITY UPDATE30 JUNE 2014 : : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1165 R1-1150 S1-1120 S2-1105 
Nickel dropped as a surge in recorded stock levels and waning near-term concerns about global supply constrictions pressured prices.
The metal was also under pressure as immediate supply demand waned.

China reduced total imports of nickel ore to 4.1 million metric tonnes in May, from 7.3 million in January, according to customs data.

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CAPITAL STROKE COMMODITY UPDATE 30 JUNE 2014 : MCX NATURAL GAS

Natural gas trading range for the day is 260.5-271.9.
Natural gas dropped as prices carried Thursday's losses after official data revealed U.S. inventories rose more than markets were expecting last week.
The U.S. Energy Information Administration said in its weekly report on Thursday that natural gas storage rose by 110 billion cubic feet.


Natural gas stockpiles have grown by more than 100 billion cubic feet for seven consecutive weeks, a record streak since 1994.

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CAPITAL STROKE COMMODITY UPDATE 30 JUNE 2014 MCX ALUMINUM

Aluminium trading range for the day is 110-112.8.
Aluminium settled down -0.94% amid profit booking as economic news from Europe was sluggish.
Deliverable aluminium stocks increased slightly this week as well, up 828 tonnes to 398,335 tonnes
Aluminium weekly stocks at Shanghai exchange came up by 828 tonnes.

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CAPITAL STROKE UPDATE 27-June-2014 : MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-430 R1-426 S1-414 S2-408
Copper gained with investors shrugging off weak growth in the United States and focusing on a shortfall in metal supply.
The weak data indicated that the Federal Reserve may need to keep rates on hold for an extended period to support the recovery.

President of St. Louise Fed said US inflation is expected to reach 2% by the end of the year, and predicted that Fed will raise interest rate in Q1 2015.

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CAPITAL STROKE UPDATE 27-June-2014 : MCX SILVER

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

Silver settled flat as investors brushed off sluggish U.S. data and avoided the commodity after a key Fed official gave an upbeat forecast for the economy.

Comments from Fed official that raising interest rates by the end of the first quarter in 2015 will be appropriate also pressured investor sentiment.

The U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending June 21 declined by 2,000 to 312,000


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CAPITAL STROKE UPDATE 27-June-2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28200 R1-27900 S1-27400 S2-27100
Gold fell as upbeat U.S. jobless claims data and weaker crude oil prices weighed on bullion prices
Bullion fell as U.S. consumer spending rose less than expected in May, prompting economists to downgrade estimates for second-quarter growth.

Prices also came under pressure on comments from St. Louis Fed President Bullard that interest rate increases should come sooner rather than later.

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CAPITAL STROKE UPDATE 27-June-2014 : MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6520 R1-6440 S1-6320 S2-6250
Crude oil dropped on less-than-stellar U.S. data as well as waning concerns that the insurgency in Iraq will threaten oil exports.
The IEA said in a report that emergency oil stocks held by member and non-member states have acted as an "insurance" against oil supply disruptions.

There were hopes that oil exports could increase from Kurdistan, which would counter any potential slowdown of shipments from the south.

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CAPITAL STROKE UPDATE 27-June-2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-135 R1-133 S1-128 S2-126
Zinc gains as inventories in warehouses tracked by LME declined amid signs of improving demand also major macroeconomic news was positive.
Inventories monitored by the LME have fallen 57 percent this year to the lowest since August 2008.
Zinc daily stocks at Shanghai exchange came down by 75 tonnes.

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CAPITAL STROKE UPDATE 26-June-2014 : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1160 R1-1145 S1-1115 S2-1100
Nickel prices ended with gains as support seen on positive macroeconomic news, combined with falling US dollar index.
Yesterday's last week’s US jobless claims and the Kansas City Fed June Manufacturing Composite Index Slow were both reported lower than expected.

Technically market is under short covering as market has witnessed drop in open interest by -4.1% to settled at 4845.

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CAPITAL STROKE UPDATE 27-June-2014 : MCX NATURAL GAS

Naturalgas trading range for the day is 259.7-282.7.
Natural gas dropped after official data revealed U.S. inventories rose more than markets were expecting last week.
The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. rose by 110 billion cubic feet.
Total U.S. natural gas storage stood at 1.829 trillion cubic feet.

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