CAPITAL STROKE UPDATE 18-July-2014 : MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6380 R1-6300 S1-6150 S2-6070
Crude oil jumped after a Malaysian airliner crashed over eastern Ukraine on the heels of fresh U.S. sanctions on Russia that had raised geopolitical concerns.

Iraq expects oil exports to reach 2.6 million bpd this month and has expanded the capacity of its export facilities in the south to 3 million bpd.

Libya will not be able to export oil through its two largest eastern ports before August, due to safety checks after a near year-long closure.

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CAPITAL STROKE UPDATE 18-July-2014 : MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-440 R1-436 S1-426 S2-418
Copper recovered in late trade after prices seen pressure amid growing concern over the outlook for metal demand from the property sector.

Economic growth in China picked up slightly in the second quarter thanks to state stimulus measures.

U.S. data was mixed as jobless claims unexpectedly fell, suggesting the labour market recovery was gaining traction.

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CAPITAL STROKE UPDATE 18-July-2014 : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1195 R1-1180 S1-1150 S2-1135
Nickel settled up 0.58% at 1162.1 tracking gains in other base metals counter despite mixed US economic data.
US housing starts fell to 893,000 in June on an annually adjusted basis, down for the second month to a low last seen in September 2013.

Technically market is under short covering as market has witnessed drop in open interest by -8.83% to settle at 5432.

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CAPITAL STROKE UPDATE 18 July-2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-143 R1-141 S1-137 S2-135
Zinc gained after China MMG lowered zinc output target for 2014, saying its Century mine will be closed after running out of resources in 2015.
When combined with continuously falling LME zinc inventories, LME zinc prices gained ground.
Zinc daily stocks at Shanghai exchange came down by 373 tonnes.

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CAPITAL STROKE UPDATE 18-July-2014 : MCX ALUMINIUM

Aluminium trading range for the day is 117.1-121.1.
Aluminium gained more than +1% lifted by supply concerns despite mixed US economic data.
Aluminium stocks in LME warehouses, which have fallen below 5 million tonnes, are down almost 9 percent since the start of the year.
Aluminium daily stocks at Shanghai exchange came down by 274 tonnes.

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CAPITAL STROKE UPDATE 18-July-2014 : MCX NATURAL GAS

Naturalgas trading range for the day is 231.9-251.5.
Natural gas tumbled after data showed that U.S. natural gas supplies rose more than expected last week.

U.S. EIA said in its weekly report that natural gas storage in the U.S. rose by 107 billion cubic feet.

A mild summer in the nation's biggest gas-consuming regions has eased concerns about supplies.

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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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