CAPITAL STROKE COMMODITY UPDATE 2 JULY 2014 : MCX NATURAL GAS

Natural gas trading range for the day is 263.1-273.1. Natural gas seen under pressure as market players assessed the outlook for U.S. demand and supply levels. Natural gas stockpiles have grown by more than 100 billion cubic feet for seven consecutive weeks, a record streak since 1994. Producers would need to add approximately 2.6 trillion cubic feet to storage by November 1 to meet typical winter demand.
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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 1 JULY 2014

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28300 R1-28000 S1-27400 S2-27100 

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-48000 R1-46500 S1-43500 S2-42000 

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6500 R1-6420 S1-6280 S2-6220 

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-438 R1-434 S1-422 S2-416

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

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-137 R1-135 S1-131 S2-129 

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1180 R1-1165 S1-1135 S2-1115 

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CAPITAL STROKE COMMODITY UPDATE 1 JULY 2014 : MCX ZINC

Zinc trading range for the day is 130.8-135.Zinc prices gained after data showed US existing home sales in May rose the most in four years, boosting market sentimentChicago's June PMI was 62.6, lower than market expectations, but employment index was 58.4, with investors optimistic toward US employment market.Zinc daily stocks at Shanghai exchange came up by 377 tonnes.

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CAPITAL STROKE COMMODITY UPDATE 1 JULY 2014 : : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1180 R1-1165 S1-1135 S2-1115 .Nickel rose after US existing home sales released overnight hit a four-year high, and the US dollar index plunged below 80 due to Fed officials' statement.Prices have also been well supported in recent weeks by data showing improvements in the Chinese manufacturing sectorTechnically market is under fresh buying as market has witnessed gain in open interest by 67.89% to settled at 5982.

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CAPITAL STROKE COMMODITY UPDATE 1 JULY 2014 :: MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-438 R1-434 S1-422 S2-416 .Copper gains boosted by some positive economic data out of the US and improved sentiment about the prospects for demand in China.Prices took strength from data showing US pending home sales rose 6.1 per cent in May from a month earlier, beating forecasts of a 1.1 per cent increase.The global copper market was expected to swing into a surplus in 2014 for the first time in four years. 

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CAPITAL STROKE COMMODITY UPDATE 1 JULY 2014 : MCX NATURAL GAS

Natural gas trading range for the day is 261.8-275.4.Natural gas gained on lower level buying and took back losses stemming from last week's bearish supply report.Demand for natural gas tends to rise in the summer months as warmer temperatures increase the need for gas-fired electricity to power air conditioning.Producers would need to add approximately 2.6tcf to storage by November 1 to meet typical winter demand.

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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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