CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 18 JULY 2014

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28800 R1-28500 S1-27900 S2-27600

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-48500 R1-47000 S1-44000 S2-42500

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6380 R1-6300 S1-6150 S2-6070

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-440 R1-436 S1-426 S2-418

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

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-143 R1-141 S1-137 S2-135

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1195 R1-1180 S1-1150 S2-1135

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CAPITAL STROKE UPDATE 17-July-2014 : MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-47500 R1-46000 S1-43000 S2-41500
Silver dropped after Fed said U.S. central bank could raise rates earlier or faster if hiring and wages take off in an unexpected way.

Strong U.S. manufacturing and housing data also stoked fears that a strong economic recovery could prompt the Fed to act soon.

The dollar also firmed on the news that U.S. wholesale prices rose more than expected in June, which capped silver’s gains.

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CAPITAL STROKE UPDATE 17-July-2014 : MCX CRUDE OIL

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

Crude moved up sharply amid expectations of increased demand on the back of some upbeat Chinese GDP data & declined in stockpiles.

China's economy expanded at a 7.5% in Q2 as a result of government stimulus measures, signaling expectations of increasing demand.

EIA showed U.S. crude oil inventories to have surprisingly dropped 7.5mbls in the week ended July 11 against a decline of 2.1mbls.


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CAPITAL STROKE UPDATE 17-July-2014 : MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-440 R1-434 S1-424 S2-418
Copper prices dropped as pressure seen despite upbeat economic performance indicators, but
China’s growth was still dependent on investment, triggering market concerns.

US Fed’s Beige Book indicated the 12 Fed districts all reported increased growth in consumer expenditure and manufacturing expansion.

The Fed’s June policy meeting Minutes reveal that it has begun planning how to ease the US economy out of this accommodative policy era.

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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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