CAPITAL STROKE COMMODITY UPDATE 1 JULY 2014 MCX ALUMINUM

Aluminium trading range for the day is 110.6-114.8.Aluminium recovered from lows to end with gains on encouraging pending sales of existing homes in the US in May.Prices also seen supported on the hopes that the Chinese demand for new mining projects may be ramping up faster than expected.Encouraging economic reports from the US, the second largest consumer of base metals, should give further boost to investor sentiment.

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CAPITAL STROKE COMMODITY UPDATE 1 JULY 2014 :: MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6500 R1-6420 S1-6280 S2-6220 .Crude oil dropped as fears that the Iraqi insurgency will affect the country's major oilfields continued to wane.OPEC's oil output has fallen in June from May's three-month high as fighting in Iraq closed its largest oil refinery and technical problems in southern exports.The reopening of a port in Libya and an easing of tensions over the Ukraine crisis also weighed on oil.

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CAPITAL STROKE COMMODITY UPDATE 1 JULY 2014 : MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-48000 R1-46500 S1-43500 S2-42000 .Silver prices dropped after mixed U.S. data provided more evidence of an uneven economic recovery.The National Association of Realtors said its pending home sales index rose by a seasonally adjusted 6.1% in May.Holdings at ishares silver trust dropped by -0.64% i.e. 64.21 tonnes to 10042.47 tonnes from 10106.68 tonnes. 

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CAPITAL STROKE COMMODITY UPDATE 1 JULY 2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28300 R1-28000 S1-27400 S2-27100 . Gold gained with bullion posting its second consecutive quarterly gain as heightened geopolitical tensions boosted its safe-haven appeal.The dollar index fell to a six-week low on investor caution ahead of the U.S. nonfarm payrolls report due Thursday.SPDR gold trust holdings gained by 5.68 tonnes i.e. 0.72% to 790.70 tonnes from 785.02 tonnes.

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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 30 JUNE 2014

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28200 R1-27900 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 R2-6500 R1-6420 S1-6300 S2-6240


COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-432 R1-428 S1-418 S2-412
LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-133 R1-131 S1-127 S2-125
ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-135 R1-133 S1-128 S2-126
NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1165 R1-1150 S1-1120 S2-1105

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CAPITAL STROKE COMMODITY UPDATE 30 JUNE 2014 :: MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6500 R1-6420 S1-6300 S2-6240
Crude oil dropped as worries over the fate of Iraq’s oil exports fade and traders weigh healthy domestic U.S. crude supplies.
Also weighing on crude was news Libya's oil output has risen to 300,000 bpd after the El Feel oilfield in the southwest increased production.


Investors are still watching how the fight for control of Iraq's largest refinery, the 300,000-bpd Baiji complex, unfolds.

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CAPITAL STROKE COMMODITY UPDATE 30 JUNE 2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-135 R1-133 S1-128 S2-126 
Zinc prices settled flat as pressure seen as economic news from Europe was sluggish.
Risk aversion will grow due to month-end factor and political chaos.

Zinc weekly stocks at Shanghai exchange came down by 2201 tonnes.

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CAPITAL STROKE COMMODITY UPDATE 30 JUNE 2014 :: MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-432 R1-428 S1-418 S2-412 
Copper dropped on signs that supplies will outpace demand in China but was on track to gain on week.
China's imports of refined copper increased premium in the past week to make up about 20% could prompt to increase its copper imports in July.
Inventories monitored by the Shanghai Futures Exchange rose 4.6 percent, the first gain since mid-May.

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CAPITAL STROKE COMMODITY UPDATE 30 JUNE 2014 : MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-47500 R1-46000 S1-43000 S2-41500 
Silver prices dropped brushing off sluggish U.S. data and avoided the commodity after a Fed official gave an upbeat forecast for the economy.
Downside seen limited as the dollar fell amid market sentiment that the Fed will keep interest rates low well into 2015.


Holdings at ishares silver trust dropped by 0.41% i.e. 41.81 tonnes to 10106.68 tonnes from 10148.49 tonnes.

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CAPITAL STROKE COMMODITY UPDATE 30 JUNE 2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28200 R1-27900 S1-27400 S2-27100
Gold edged flat as better-than-expected data on U.S. consumer sentiment dampened bullion's appeal as a hedge.
U.S. consumer spending rose less than expected in May, prompting economists to downgrade estimates for second-quarter growth.

China's gold imports from Hong Kong have weakened, with overseas purchases in May dropping to their lowest since January last year.

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