CAPITAL STROKE UPDATE 17-July-2014 : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1185 R1-1170 S1-1140 S2-1125
Nickel prices dropped as the US dollar index rose after Fed Chairwoman announced they will likely hike interest rates in early 2015.
Nickel prices dropped at the end of trading, and growing LME nickel inventories also weigh on nickel prices.
US industrial output for June grew 0.2% YoY in June, up for the fourth month in five, but missing expectations.


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CAPITAL STROKE UPDATE 17 July-2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-141 R1-139 S1-135 S2-133

Zinc prices dropped on profit booking after US dollar index strengthened due to upbeat US consumption and manufacturing data.

Data from the NBS showed that China’s GDP grew by 7.5% YoY in the second quarter, in line with the 2014 GDP growth target.

US June housing starts and the number of US initial jobless claims last week will be announced today, which are pessimistic.

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CAPITAL STROKE UPDATE 17-July-2014 : MCX ALUMINIUM

Aluminium trading range for the day is 116.3-119.9.
Aluminium is the only counter in base metals that gained spurred by encouraging Chinese and
US economic data.
Reflecting a tightening market, the discount for cash aluminium to three-month prices narrowed to $20.07, its smallest since late 2012.
The number of US initial jobless claims last week, as well as housing starts and construction permits will be released today.


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CAPITAL STROKE UPDATE 17-July-2014 : MCX NATURAL GAS

Naturalgas trading range for the day is 246.1-251.3.
Natural gas regained strength as investors returned to the market to seek cheap valuations after prices fell to the lowest level since January.
Prices have been under pressure in recent sessions after updated weather-forecasting models called for cooler temperatures across most parts.
Today natural gas storage: Exp: 99B Prev: 93B. Actual is at 8.00PM.

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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 17 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 R2-47500 R1-46000 S1-43000 S2-41500

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6220 R1-6160 S1-6020 S2-5950

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-440 R1-434 S1-424 S2-418

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

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-141 R1-139 S1-135 S2-133

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1185 R1-1170 S1-1140 S2-1125

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CAPITAL STROKE UPDATE 16-July-2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28300 R1-28000 S1-27400 S2-27100
Gold dropped as bullion investors focused on Fed monetary policy report showing the central bank is set to end its bond-buying stimulus in October.

Yellen said the one thing that might prompt the central bank to raise rates earlier or faster is if hiring and wages take off in an unexpected way.

A strengthening U.S. economy and job market means the Fed should begin raising interest rates "relatively soon.


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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.

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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


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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.

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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.


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