CAPITAL STROKE UPDATE 16 July-2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-142 R1-140 S1-136 S2-134
Zinc skyrocketed to 35-month high as inventories on the LME-monitored warehouses continued to dwindle.
LME inventories of the metal slumped almost 35% year-to-date at a time when car sales in the U.S. and China are on the rise.
Zinc daily stocks at Shanghai exchange came down by 198 tonnes.

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CAPITAL STROKE UPDATE 16-July-2014 : MCX ALUMINIUM

Aluminium trading range for the day is 115.2-118.6.
Aluminium prices rose as inventories tracked by the London Metal Exchange extended a slump to the lowest since 2012.
Orders to withdraw aluminum account for 59 percent of inventories, compared with 43 percent at the end of 2013.
Aluminium daily stocks at Shanghai exchange came down by 1226 tonnes.

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CAPITAL STROKE UPDATE 16-July-2014 : MCX NATURAL GAS

Naturalgas trading range for the day is 245.8-251.6.
Natural gas dropped as cooler than expected summer weather was expected to limit demand for the fuel.
Updated weather-forecasting models called for cooler temperatures across most parts over the next five days.
Concerns over tight supplies continued to fade away after weekly supply data showed that utilities 93 bcf of gas into storage last week.

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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 16 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 R2-6120 R1-6060 S1-5940 S2-5850

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 15-July-2014 : MCX GOLD

Gold trading range for the day is 27353-28509.
Gold slid as fading fears over Portugal's banking sector and a gain in U.S. equities prompted investors to take profits.
European Central Bank President Mario Draghi reiterated at a quarterly policy meeting that the ECB will introduce quantitative easing (QE) if need be.
SPDR gold trust holdings gained by 8.68 tonnes i.e. 1.08% to 808.73 tonnes from 800.05 tonnes.


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CAPITAL STROKE UPDATE 15-July-2014 : MCX SILVER

Silver trading range for the day is 44250-46182.
Silver tumbled as fears the euro zone's periphery is facing a banking crisis faded, which enticed investors out of safe-haven positions
Investors sold off bullion on Monday ahead of the start of the U.S. corporate-earnings season.
Market participants were also awaiting congressional testimony by Federal Reserve Chair Janet Yellen later in the week.

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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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