CAPITAL STROKE UPDATE 25-August-2014 : MCX ALUMINIUM

Trend updated for-Aug/25/2014.CMP-124 The Aluminium is in long- medium- short-medium- term bull phase .Currently Aluminium is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal.Positionally Support for the Aluminium is 122-118-114-113-. Immediate resistance for Aluminium is 127

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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 25 August 2014

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28400 R1-28100 S1-27500 S2-27200

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-45000 R1-43500 S1-40500 S2-39000

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-5820 R1-5750 S1-5600 S2-5520

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-438 R1-434 S1-422 S2-416

LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-140 R1-138 S1-134 S2-132

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-146 R1-144 S1-141 S2-139

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1155 R1-1140 S1-1115 S2-1105

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CAPITAL STROKE UPDATE 22-August-2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28300 R1-28000 S1-27500 S2-27200
Gold dropped as fears about an early interest rate hike by the U.S. Federal Reserve sparked a technical selloff after prices broke below a key support level.

Data showed U.S. home resales raced to a 10-month high in July and the number of Americans filing new claims for jobless benefits fell last week

Geopolitical tensions in Ukraine and Middle East were being watched for any escalation in violence that could prompt safe-haven bids for gold.

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CAPITAL STROKE UPDATE 22-August-2014: MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-45500 R1-44000 S1-41000 S2-40000

Silver dropped after upbeat U.S. data fueled growing expectations that the days of ultra-loose monetary policies are coming to an end.

Fed released the minutes of its July policy meeting revealed that interest rates could come sooner rather than later if the labor market continues to recover.

Data showed that U.S. existing home sales increased 2.4% to 5.15 million units last month from 5.03 million in June.

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

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-5900 R1-5820 S1-5670 S2-5600

Crude oil gains lifted by supportive economic data from US after a plentiful supply picture and Chinese economic data had earlier pressured prices.

Saudi Arabia produced 10 million barrels per day (bpd) of oil in July, up from 9.780 million bpd in June, an industry source said.

OPEC member's oil production has risen in the past few weeks to around 560,000 barrels a day as ports in the east have resumed work.


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CAPITAL STROKE UPDATE 22-August-2014 : MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-436 R1-430 S1-420 S2-416

Copper edged lower after a gauge on China's factory health showed growth slowed in August, denting optimism over demand.

FOMC’s meeting minutes show the Fed will likely hike interest rates soon, weighing down base metals prices.

HSBC’s August PMI for China fell far short of market expectations and PMIs from euro zone countries remained sluggish.

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CAPITAL STROKE UPDATE 22-August-2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-146 R1-144 S1-141 S2-139
Zinc edged lower after data showed that China's factory activity slowed to a three-month low in August, fuelling concerns over the health of economy.

China's MMG Ltd said the global deficit in the metal had increased faster than expected.

Global zinc market deficit expanded to 234,000 tonnes in the first six months of 2014– ILZSG

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CAPITAL STROKE UPDATE 22-August-2014 : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1170 R1-1155 S1-1125 S2-1110
Nickel prices dropped due to risk aversion before Fed Chair Yellen’s speech due on Friday and downbeat China manufacturing PMI.

Growth in China's vast factory sector slowed to a three-month low in August as output and new orders moderated.

US initial jobless claims for the week ending on August 15 came in at 298,000, fewer than the expected 300,000

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CAPITAL STROKE UPDATE 22-July-2014 : MCX ALUMINIUM

Aluminium trading range for the day is 123.2-126.

Aluminum retreated from highs as industrial metals declined after worse-than-expected manufacturing data from China.

HSBC’s flash China manufacturing PMI for August came in at 50.3, missing forecasts and down from the previous reading.

Aluminium daily stocks at Shanghai exchange came down by 2726 tonnes.

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CAPITAL STROKE UPDATE 22 August 2014 : MCX NATURAL GAS

Naturalgas trading range for the day is 224.6-245.8.

Natural gas ended with gains but pared most of its gains after data showed that U.S. natural gas supplies rose more than expected last week.

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

Inventories rose by 58 bcf in the same week a year earlier, while the five-year average change is a build of 48 bcf.

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