CAPITAL STROKE UPDATE 1-August-2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28400 R1-28200 S1-27700 S2-27400
Gold dropped headed for a third straight weekly loss, as U.S. economic optimism offset any safe-haven demand.

Disappointing data from the U.S. with initial claims for unemployment benefits rising more than expected last week.

Investors were now awaiting U.S. nonfarm payrolls data, even as they were keeping an eye on geopolitical tensions in the Middle East.

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CAPITAL STROKE UPDATE 1-August-2014: MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-47000 R1-46000 S1-43000 S2-41500
Silver dropped as hopes that Friday's U.S. jobs report will come in solid chipped away at the precious metal's safe-haven appeal.

The Federal Reserve's reduced bond-buying stimulus and a better undertone in the U.S. economy decreased the metal's appeal as a hedge.

Bullion continued to slide as the dollar continued to see support from Thursday's upbeat U.S. gross domestic product report.

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CAPITAL STROKE UPDATE 1-August-2014 : MCX CRUDE OIL

CRUDE OIL: -CONSOLIDATE STRATEGY BUY ON DIPS R2-6150 R1-6080S1-5950 S2-5880
Crude dropped on demand growth concerns after some dismal economic data from the US.

CVR Refining said its 115,000-barrel-per-day refinery in Coffeyville, Kansas might be shut for as long as four weeks.

OPEC pumped more oil in July, further tempering concerns that unrest in North Africa and the Middle East could hurt global oil supplies.

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CAPITAL STROKE UPDATE 1-August-2014 : MCX ALUMINIUM

Aluminium trading range for the day is 119.8-124.2.
Aluminium ended with losses dragged down by worse-than-expected US economic data.
US initial jobless claims for the week ending July 25 came in at 302,000, higher than the
expected 300,000.
Aluminium daily stocks at Shanghai exchange came down by 602 tonnes.

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CAPITAL STROKE UPDATE 1 August 2014 : MCX NATURAL GAS

Natural gas trading range for the day is 226-243.8.
Natural gas rallied after official data revealed U.S. inventories rose less than expected last week.

The U.S. EIA said in its weekly report that natural gas storage in the U.S. rose by 88 billion cubic feet.

Stocks were 530 bcf less than last year at this time and 641 bcf below the five-year average of 2.948 tcf for this time of year.


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CAPITAL STROKE UPDATE 1-August-2014 : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1160 R1-1145 S1-1115 S2-1100
Nickel fell as the dollar’s rally eroded the appeal of industrial metals as alternative investments.

Indonesia had put out an offer to reduce taxes on concentrate exports in a bid to end a six-month halt of concentrate exports.

Nickel already climbed 33 percent this year, because Indonesia in January barred shipments of unprocessed ores, spurring demand.

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CAPITAL STROKE UPDATE 1-August-2014 : MCX ZINC

ZINC: -CONSOLIDATE STRATEGY BUY ON DIP R2-148 R1-146 S1-142 S2-140
Zinc settled flat as macroeconomic news released yesterday was mixed, with zinc prices continuing to see pressure.

The US ISM manufacturing index fell from June’s 62.6 to 52.6 in July, well below forecast.

Zinc daily stocks at Shanghai exchange came down by 51 tonnes.


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CAPITAL STROKE UPDATE 1-August-2014 : MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-444 R1-440 S1-430 S2-426
Copper gains as support seen after U.S. economy signaled stronger demand in the world’s second-largest user of the metal.
Freeport plans to resume copper concentrate exports from Indonesia in August, the company said.

Chile produced 488,078 tonnes of copper in June, a 1.2 percent increase from a year earlier mainly due to improved ore grades, the government said.

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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 1 August 2014

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28400 R1-28200 S1-27700 S2-27400

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-47000 R1-46000 S1-43000 S2-41500

CRUDE OIL: -CONSOLIDATE STRATEGY BUY ON DIPS R2-6150 R1-6080S1-5950 S2-5880

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-444 R1-440 S1-430 S2-426

LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-140 R1-138 S1-133 S2-131

ZINC: -CONSOLIDATE STRATEGY BUY ON DIP R2-148 R1-146 S1-142 S2-140

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1160 R1-1145 S1-1115 S2-1100

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CAPITAL STROKE COMMODITY UPDATE 31 JULY 2014 : MCX ZINC

CMP-145 The Zinc is in perfect uptrend .Currently Zinc 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 Zinc is now trading in overbought level. The Zinc is now trading in overbought level. The oscillator is showing BUY signal For short term Zinc is in HOLD LONG position.Positionally Support for the Zinc is 141-139-137-130-128-126-. Immediate resistance for Zinc is 147.

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