CAPITAL STROKE COMMODITY UPDATE 30 JULY 2014 :: MCX CRUDE OIL

Overall trend of the Crudeoil is bearish for medium-long term .Currently Crudeoil is moving sideways The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Crudeoil if it close above6289 or buy with strict stop at 5944. The oscillator is showing BUY signal For short term Crudeoil is in HOLD LONG position.Positionally Immediate support for Crudeoil is 5944.Resistance for the Crudeoil is 6167-6178-6180-6202-6232-6234

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CAPITAL STROKE COMMODITY UPDATE 30 JULY 2014 :: MCX COPPER

The Copper is in long- medium- short-medium- term bull phase .Currently Copper is moving sideways The oscillator is showing SELL signal .In last 1 month volatality is very less Buy the Copper above 440 or buy with strict stop at 423. The oscillator is showing SELL signal For short term Copper is in SELL position.Positionally Support for the Copper is 429-428-417-414-412-. Immediate resistance for Copper is 440

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CAPITAL STROKE COMMODITY UPDATE 30 JULY 2014 : MCX ALUMINIUM

The Aluminium is in long- medium- short-medium- short- term bull phase .Currently Aluminium is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Aluminium is now trading in overbought level. The Aluminium is now trading in overbought level. The oscillator is showing SELL signal For short term The current position isBUY .Positionally Support for the Aluminium is 118-116-112-111-109-. Immediate resistance for Aluminium is 123

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CAPITAL STROKE UPDATE 28-July-2014 : MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-47000 R1-45500 S1-42000 S2-40500
Silver prices ended with gains as investors stepped in to scoop up the metal amid conflicts in Ukraine and the Middle East.

Prices dropped on weekly basis mostly on speculation that an improving employment sector in US could signal an early rate increase by Fed.

Holdings at ishares silver trust gained by 0.25% i.e. 25.37 tonnes to 10014.63 tonnes from 9989.26 tonnes.

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CAPITAL STROKE UPDATE 28-July-2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28500 R1-28200 S1-27600 S2-27200

Gold rose as heightened tensions between Russia and the West over Ukraine prompted speculators to buy back their positions.

Prices came under pressure on Thursday after data showed new claims for unemployment benefit in US fell to lowest level in nearly 8-1/2 years.

India does not have any current proposal to cut the record 10 percent import duty on gold.

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CAPITAL STROKE UPDATE 28-July-2014 : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1180 R1-1165 S1-1135 S2-1120

Nickel settled down after the update that China’s nickel ore and concentrate imports fell by 32.4% y/y
Goldman Sachs Group Inc. raised its price forecast for nickel as the market is swinging to a deficit next year following an ore-export ban in Indonesia.

U.S. will release the monthly non-farm payrolls report for July later in the week as well as a preliminary estimate on second quarter economic growth.

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CAPITAL STROKE UPDATE 28 July-2014 : MCX ZINC

ZINC: -CONSOLIDATE STRATEGY BUY ON DIP R2-148 R1-146 S1-142 S2-140
Zinc settled up as speculation mounted that global demand will exceed supplies.
Zinc inventories monitored by LME have tumbled 30 percent this year to 653,900 metric tons, the lowest since December 2010.

Goldman Sachs Group Inc. forecasts a global production deficit will widen to 154,000 metric tons next year.

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CAPITAL STROKE UPDATE 28-July-2014 : MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-442 R1-436 S1-426 S2-422
Copper dropped on profit booking but gains on weekly basis on expectations the global economy is on a firmer footing and on a brighter outlook.

There was also support from strong job market data in the United States, although this was tempered by an 8.1 percent fall in new home sales in June

Investors should be focused on US July manufacturing PMI and pending home sales for June due for release late today.


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CAPITAL STROKE UPDATE 28-July-2014 : MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6300 R1-6220 S1-6100 S2-6040
Crude oil recovered from lows as fighting in Ukraine and deteriorating relations between

Russia and US ignited new fears of supply disruptions.
Continued violence in Libya and Israel provided further support for oil prices.


In Libya, oil production has risen to 500,000 barrels per day, but there is no progress on reopening its Brega oil port.

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CAPITAL STROKE UPDATE 28-July-2014 : MCX NATURAL GAS

Natural gas trading range for the day is 223.8-236.4.
Natural gas dropped after updated weather-forecasting models called for mild temperatures to hover in the coming days.
The bearish weather report wiped out gains stemming from Thursday's bullish weekly inventory report.

The five-year average change for the week is an increase of 46 billion cubic feet.

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