CAPITAL STROKE UPDATE 10-July-2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28300 R1-27900 S1-27300 S2-26900
Gold rose after the U.S. Federal Reserve's latest meeting minutes did not suggest any hike in U.S. interest rates soon.
Two Fed officials gave a relatively downbeat assessment of the pace of U.S. growth.

Official data late last week showed that the U.S. economy added a larger-than-forecast 288,000 jobs last month.

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CAPITAL STROKE UPDATE 10-July-2014 : MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-48000 R1-46500 S1-43500 S2-42000
Silver settled flat as investors looked ahead to the release of the minutes of the Federal Reserve’s June policy meeting later in the day.
The Fed has begun detailing how it plans to ease the U.S. economy out of an era of loose monetary policy, indicating it will end its asset purchases in October.

Official data late last week showed that the U.S. economy added a larger-than-forecast 288,000 jobs last month.

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CAPITAL STROKE UPDATE 10-July-2014 : MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6240 R1-6180 S1-6050 S2-5980
Crude oil prices dropped after a Libyan oilfield restarted and supply worries faded, prompting traders to reduce long positions.
The U.S. Energy Information Administration said in its weekly report that U.S. crude oil inventories declined by 2.4 million barrels.

Libya has restarted the 340,000-barrel-per-day (bpd) El Sharara field after protesters ended a four-month strike, which could double the output.

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CAPITAL STROKE UPDATE 10-July-2014 : MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-442 R1-436 S1-426 S2-420
Copper prices seen under pressure after data showed that consumer price inflation cooled slightly more than expected in June.

Data showed that consumer price inflation in China rose 2.3% in June from a year earlier, slowing from 2.5% in May.
Dwindling copper supplies have underpinned prices.

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CAPITAL STROKE UPDATE 10-July-2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-139 R1-137 S1-133 S2-131
Zinc settled down on profit booking as investors were cautious before the release of minutes from the most recent FOMC meeting.
Investors held firm to the view that the metal will face shortages due to mine closures and is currently a good proxy for recovering global growth.
Zinc daily stocks at Shanghai exchange came up by 3740 tonnes.

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CAPITAL STROKE UPDATE 10-July-2014 : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1190 R1-1175 S1-1145 S2-1130
Nickel settled down depressed by worse-than-expected inflation data from China.
In China, CPI rose 2.3% in June from a year ago, while PPI fell at a smaller rate of 1.1%.

Technically market is under long liquidation as market has witnessed drop in open interest by -19.08% to settled at 5967.

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CAPITAL STROKE UPDATE 10-July-2014 : MCX NATURAL GAS

Natural gas trading range for the day is 248.8-255.2.
Natural gas gains as investors readjusted positions ahead of closely-watched supply report to gauge the strength of cooling demand.
Natural gas stockpiles have grown by 100 or more billion cubic feet for eight consecutive weeks, a record streak since 1994.

Total U.S. natural gas storage stood at 1.929 trillion cubic feet as of last week, 25.7% below their level this time last year.

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CAPITAL STROKE UPDATE 10-June-2014 : MCX ALUMINIUM

Aluminium trading range for the day is 113.5-116.9.
Aluminium dropped as market players were cautious due to sluggish economic data from China and ahead of the Fed minute announcement.
However downside seen limited underpinned by improving prospects for global growth and shrinking supply.

China's consumer inflation cooled slightly more than expected in June, pointing to lingering weakness in the economy.

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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 10 JULY 2014

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28300 R1-27900 S1-27300 S2-26900

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

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6240 R1-6180 S1-6050 S2-5980

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-442 R1-436 S1-426 S2-420

LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-133 R1-131 S1-127 S2-125

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-139 R1-137 S1-133 S2-131

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1190 R1-1175 S1-1145 S2-1130

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CAPITAL STROKE UPDATE 9-July-2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28100 R1-27800 S1-27200 S2-26900
Gold settled flat as dollar's recent rally faded and investors awaited clearer signs from the Fed that it is on track to raise U.S. interest rates next year.
A strong U.S. non-farm payrolls report last week pressured gold prices, with speculation that Fed could increase rates as soon as the first quarter of 2015.
SPDR gold trust holdings gained by 2.09 tonnes i.e. 0.26% to 800.28 tonnes from 798.19 tonnes.

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