CAPITAL STROKE UPDATE 22-July-2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28500 R1-28300 S1-27800 S2-27500
Gold rose as political tensions simmered after downing of a Malaysian airliner in eastern Ukraine last week and incessant fighting in Gaza.

Concerns that tensions in Ukraine could escalate even further kept investors camped out in safe-haven positions.

SPDR gold trust holdings dropped by 1.80 tonnes i.e. 0.22% to 803.34 tonnes from 805.14 tonnes.

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CAPITAL STROKE UPDATE 22-July-2014 : MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-48000 R1-46500 S1-43000 S2-41500

Silver gained as worries over ongoing tensions in Ukraine and Gaza Strip continued to dampen risk sentiment and boost demand for safe haven assets.

Prices seen supported on demand from investors seeking safe harbor from geopolitical tensions in Ukraine and in Gaza.

Markets are eyeing upcoming data from US, to gauge the strength of the economy and its impact on the Fed’s monetary policy.

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CAPITAL STROKE UPDATE 22-July-2014 : MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6330 R1-6250 S1-6100 S2-6020
Crude oil gained as worries over escalating geopolitical tension balanced by expectations of large draws in U.S. oil stockpiles.

Easing worries over Iraq oil supplies and weak physical demand from refiners struggling with low processing profits limited upside.

Libya's output reached around 555,000 barrels per day last week, despite a slight reduction in output at the El Feel oilfield.

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CAPITAL STROKE UPDATE 22-July-2014 : MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-438 R1-432 S1-421 S2-415

Copper rebounded from the day's low as bottom fishers entered the market after declined by 2.5% the previous week.

The International Monetary Fund (IMF) raised its GDP forecasts for Germany from 1.7% to 1.9% this year and from 1.6% to 1.7% in 2015.

China's imports of refined copper stood at 255,041 tonnes in June, down 8.16 percent from a year ago, data released showed.

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CAPITAL STROKE UPDATE 22-July-2014 : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1165 R1-1150 S1-1120  S2-1105
Nickel gains recovered from the day's low despite of the news that Indonesia has resumed some exports of metal ore concentrates.

China’s latest production data reignited concerns over China’s housing market and the sizable metal stocks.

Last week nickel faced a hard time to advance since LME inventories stood around 58% higher year-to-date and continued to rise.

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CAPITAL STROKE UPDATE 22 July-2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-145 R1-143 S1-139 S2-137
Zinc settled up continued to vacillate near a 35-month high amid low LME inventories.

LME zinc inventory drop and the Century mine scheduled for closure next year bolstered prices to rise.

Traders are eyeing US June CPI and housing data will be released, which are optimistic, combined with falling LME zinc inventories.

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CAPITAL STROKE UPDATE 22-July-2014 : MCX ALUMINIUM

Aluminium trading range for the day is 116.9-123.9.
Aluminium prices rebounded and ended with gains offering a lifeline to China’s battered aluminium industry.

Prices also seen supported as falling inventories, smelter closures and a strong demand outlook continue to attract buyers.

Aluminium Premiums added to the LME benchmark price to obtain metal in Europe, North America and Asia climbed to records this year.

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CAPITAL STROKE UPDATE 22-July-2014 : MCX NATURAL GAS

Naturalgas trading range for the day is 227.3-239.7.
Natural gas dropped after updated weather-forecasting models called for below-normal temperatures to make their way across in the coming days.
Last week's supply report continued to weighed on prices as well
The five-year average change for the week is an increase of 65 billion cubic feet.

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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 22 JULY 2014

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28500 R1-28300 S1-27800 S2-27500

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-48000 R1-46500 S1-43000 S2-41500

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6330 R1-6250 S1-6100 S2-6020

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-438 R1-432 S1-421 S2-415

LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-137 R1-135 S1-131 S2-129

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-145 R1-143 S1-139 S2-137

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1165 R1-1150 S1-1120  S2-1105

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CAPITAL STROKE UPDATE 21-July-2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28500 R1-28200 S1-27600 S2-27400

Gold dropped as speculation that the Federal Reserve will raise U.S. interest rates sooner than expected.

Gold seen as a hedge against risk in times of uncertainty, jumped on Thursday as investors bought back their bearish bets in the metal.

SPDR gold trust holdings gained by 1.80 tonnes i.e. 0.22% to 805.14 tonnes from 803.34 tonnes.

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