CAPITAL STROKE UPDATE 11-July-2014 : MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6300 R1-6230 S1-6100 S2-6050
Crudeoil settled up on demand from bargain hunters who felt prices had fallen too far on global supply expectations
OPEC expects its share of the world oil market to shrink in 2015 for a third year running, due in part to the U.S. shale oil boom.
Making its first 2015 forecast in a monthly report, the OPEC said demand for its oil next year would average 29.37 million barrels per day.

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CAPITAL STROKE UPDATE 11-July-2014 : MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-49000 R1-47500 S1-44500 S2-43000
Silver rose on demand from investors seeking safe-harbor from fears southern Europe's banking sector may be in trouble.Sentiments that the Federal Reserve will keep rates unchanged long after it concludes stimulus programs also supported the prices.
Prices rose on safe-haven demand while, weak euro zone factory data further bolstered the precious metal's appeal.

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CAPITAL STROKE UPDATE 11-July-2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-29200 R1-28900 S1-28100 S2-27900
Gold gained amid expectations the Fed will keep rates on hold for an extended period of time after the bank’s bond-buying program ends. Minutes of the Fed’s June policy meeting released showed that officials agreed to end the central bank’s asset purchase program in October SPDR gold trust holdings dropped by 0.23 tonnes i.e. 0.03% to 800.05 tonnes from 800.28 tonnes.

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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 11 JULY 2014

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-29200 R1-28900 S1-28100 S2-27900

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-49000 R1-47500 S1-44500 S2-43000

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6300 R1-6230 S1-6100 S2-6050

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-446 R1-442 S1-432 S2-426

LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-135 R1-133 S1-129 S2-127

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-140 R1-138 S1-135 S2-133

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

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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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