CAPITAL STROKE COMMODITY UPDATE 2 JULY 2014 :: MCX COPPER

 COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-438 R1-434 S1-422 S2-416 .Copper settled down while sentiments remain firm as investors cheered upbeat data on China’s manufacturing sector.China’s final HSBC Purchasing Managers Index came in at 50.7, weaker than a preliminary reading of 50.8 but higher than May's 49.4 figureMarket expects the U.S. economy to have added 210,000 jobs this month while the jobless rate is seen steady at 6.3%.

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CAPITAL STROKE COMMODITY UPDATE 2 JULY 2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-135 R1-133 S1-129 S2-127. Zinc settled down as economic reports from the US and the euro zone disappointed.Escalating turmoil in Ukraine, risk aversion increased, causing a large number of longs to leave the market.Zinc daily stocks at Shanghai exchange came down by 51 tonnes. 

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CAPITAL STROKE COMMODITY UPDATE 2 JULY 2014 : : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1180 R1-1165 S1-1135 S2-1115. Nickel prices seen supported and ended with small gains as China’s official PMI in June leveled with market expectations.Prices also seen supported as the US dollar index hovered below 80 as US manufacturing index fell short of market expectationsJune Markit’s manufacturing PMI for the US and ISM manufacturing PMI both fell short of forecast and dropped from the previous month.

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CAPITAL STROKE COMMODITY UPDATE 2 JULY 2014 MCX ALUMINUM

Aluminium trading range for the day is 110.9-114.1. Aluminium prices ended with losses following disappointing manufacturing PMI from the euro zone and the US. China’s aluminum semis exports fell 6.90% to 270,000 tonnes in May from a year ago due to falling exports Aluminium daily stocks at Shanghai exchange came down by 1925 tonnes.

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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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