CAPITAL STROKE UPDATE 15-July-2014 : MCX CRUDE OIL

Crudeoil trading range for the day is 6002-6096.
Crude oil dropped on signs of improving supply from key producers and weak demand in some consuming centres.
Libya's oil output has continued to rise and has now reached 470,000 barrels per day (bpd).
Worries over potential supply disruptions in the Middle East continued to subside.

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CAPITAL STROKE UPDATE 15-July-2014 : MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-442 R1-438 S1-428 S2-424
Copper dropped as inventories expanded amid signs of lower demand for the metal as loan collateral in China
European Central Bank President Mario Draghi reiterated at a quarterly policy meeting that the ECB will introduce quantitative easing (QE) if need be.

China’s imports of unwrought copper and copper products fell in June to the lowest since April 2013, data showed.

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CAPITAL STROKE UPDATE 15-July-2014 : MCX NICKEL

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

Nickel prices ended with losses as pressure seen due to a series of negative economic reports
World supply will be in a 3,000 ton shortfall by the end of the year, with the deficit widening to 134,900 tons next year
Nickel traders are eyeing on speculation that Indonesia may relax its export ban if Joko Widodo wins elections.

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CAPITAL STROKE UPDATE 14 July-2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-142 R1-140 S1-136 S2-134
Zinc prices seen supported as stockpiles at the lowest level in more than three years fueled concern demand.

Inventories of zinc monitored by the LME fell 29 percent this year and had a 14th straight weekly drop this week.

Global zinc demand will exceed supply by 290,000 tons in 2014 and by 300,000 tons in 2015.

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CAPITAL STROKE UPDATE 15-July-2014 : MCX ALUMINIUM

Aluminium trading range for the day is 114.7-117.3.
Aluminium prices ended with small gains despite the euro zone’s industrial output fell 1.1% in May.
Investors will stay cautious ahead of tonight’s testimony by Fed Chair Yellen and tomorrow’s release of China Q2 GDP.
Aluminium daily stocks at Shanghai exchange came up by 3814 tonnes.

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CAPITAL STROKE UPDATE 15-July-2014 : MCX NATURAL GAS

Natural gas trading range for the day is 244.5-254.1.
Natural gas edged lower after updated weather-forecasting models predicted below-normal temperatures to sweep in from Canada into the Midwest.
Stockpiles more than doubled from an 11-year low in March as mild weather curbed power-plant demand
Gas production will help raise inventories to 3.431 trillion cubic feet by the end of October.

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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 15 JULY 2014

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-442 R1-438 S1-428 S2-424

LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-136 R1-134 S1-130 S2-127

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-142 R1-140 S1-136 S2-134

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

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CAPITAL STROKE UPDATE 14-July-2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-29100 R1-28700 S1-28000 S2-27700
Gold dropped as pressure seen amid profit booking though prices gained on weekly basis on concerns over the health of Portugal's biggest bank.

Meanwhile, gold prices remained supported by expectations the Fed will keep rates on hold for an extended period.

In the physical markets, India caused a surprise by keeping the import duty on gold unchanged at 10 percent.

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CAPITAL STROKE UPDATE 14-July-2014 : MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-49000 R1-47500 S1-44500 S2-43000
Silver dropped tracking weakness in prices however downside seen limited as concerns over Portugal's banking sector continued to support.

Fed’s policy meeting minutes showed that officials agreed to end the central bank’s asset purchase program in October.However, the minutes revealed little new information on when the bank could start to hike rates.

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CAPITAL STROKE UPDATE 14-July-2014 : MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6220 R1-6150 S1-6000 S2-5930

Crude oil prices dropped as worries about supply losses in the Middle East and North Africa eased.

Oil has weakened over the last month but the market remains nervous about further supply shocks.

The International Energy Agency said that oil output remained at risk in several key producing regions.

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