CAPITAL STROKE COMMODITY UPDATE 3 JULY 2014 :: MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-444 R1-438 S1-428 S2-422
. Copper gained after U.S. jobs data signalled a strengthening recovery in the world's largest economy, boosting demand prospects for the metal. The Purchasing Managers’ Index in June was 51, matching estimates, Chinese government data showed China's factory activity hit multi-month highs in June, surveys showed.
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CAPITAL STROKE COMMODITY UPDATE 3 JULY 2014 : : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1205 R1-1190 S1-1155 S2-1140 . Nickel gained as the number of US ADP's employment in June was 281,000, a record high in one and 1/2 year, boosting market confidence. Both factory orders and revised durable goods orders for May missed forecasts Euro zone June PMIs, ECB interest rate decision as well as US June non-farm employment data will be released today.
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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 2 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 R2-6420 R1-6360 S1-6240 S2-6180


COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-438 R1-434 S1-422 S2-416
LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-132 R1-130 S1-126 S2-124
ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-135 R1-133 S1-129 S2-127
NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1180 R1-1165 S1-1135 S2-1115



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CAPITAL STROKE COMMODITY UPDATE 2 JULY 2014 : MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-48000 R1-46500 S1-43500 S2-42000  .Silver settled flat on profit booking after prices seen supported as a broadly weaker U.S. dollar boosted the appeal of precious metal.San Francisco Fed President John Williams said the bank will probably need to hold interest rates near zero for at least another year.Investors were turning their attention to the U.S. nonfarm payrolls report for June, due to be released one day early on Thursday.

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CAPITAL STROKE COMMODITY UPDATE 2 JULY 2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28300 R1-28000 S1-27400 S2-27100. Gold prices reversed gains to settle down as investors took profits after strong exchange-traded fund buying supported prices.The Institute for Supply Management said its index of purchasing managers fell to 55.3 last month from a reading of 55.4 in May.SPDR gold trust holdings gained by 5.69 tonnes i.e. 0.72% to 796.39 tonnes from 790.70 tonnes.
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CAPITAL STROKE COMMODITY UPDATE 2 JULY 2014 :: MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6420 R1-6360 S1-6240 S2-6180 . Crude oil dropped on easing concerns of supply disruptions due to the conflicts in Iraq and Ukraine. Oil exports have not been disrupted so far, the geopolitical uncertainty is likely to keep supporting prices in the short term Today crude oil inventories: Exp: -2.2M Prev: 1.7M. Actual is at 8.00PM.

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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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