CAPITAL STROKE UPDATE 16-July-2014 : MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-48000 R1-46500 S1-43500 S2-42000
Silver prices dropped after Federal Reserve Chair Janet Yellen delivered an reasonably upbeat take on the U.S. economy.

Yellen told the Senate Banking Committee that U.S. economy continues to improve but added that the recovery is not yet complete.

Yellen's comments overshadowed mixed U.S. data, which depicted an economy that continues to recover albeit on a road with lingering potholes.

For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

CAPITAL STROKE UPDATE 16-July-2014 : MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6120 R1-6060 S1-5940 S2-5850
Crude oil dropped as rising Libyan supplies and downbeat economic data sharpened concerns the global market was heading into a near-term glut.
Data from American Petroleum Institute showed that U.S. crude inventories fell by 4.8 million barrels in the week to July 11 to 375.3 million.
Today crude oil inventories: Exp: -2.1M Prev: -2.4M. ACtual is at 8.00PM


For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

CAPITAL STROKE UPDATE 16-July-2014 : MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-442 R1-438 S1-428 S2-424
Copper steadied as optimism about demand from China and dovish comments from Fed offset selling by some traders who cashed in following recent gains.

U.S. economic recovery remains incomplete, with a still-ailing job market and stagnant wages justifying loose monetary policy for the foreseeable future.

LME stocks have risen slightly over the past few sessions, with fears creeping in that this is the beginning of an uptrend.

For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

CAPITAL STROKE UPDATE 16-July-2014 : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1190 R1-1175 S1-1145 S2-1130
Nickel seen supported as China’s economic indicators were upbeat, with June’s lending and money supply rising faster than expected.

US retail sales data fell short of market expectations, but New York Fed's manufacturing index hit a four-year high.

In the euro zone, the ZEW indicators of economic sentiment for the euro zone and Germany turned out weaker than expected, while the US economic signposts were mixed.


For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

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.

For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

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.

For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

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.

For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

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

For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

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.


For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

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.

For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704

Read More