CAPITAL STROKE COMMODITY UPDATE 27-August-2014 : MCX ZINC

Zinc trading range for the day is 140.8-143.8. Zinc prices ended with gains as major economic data from the US released overnight are positive. The much-concerned US home price index missed forecast, growing more slowly, as weak wage growth curbed the rise in home prices. Zinc daily stocks at Shanghai exchange came down by 2720 tonnes. Get more detail about COMMODITY TIPS for MCX ZINC at www.capitalstroke.com/ or ✆ at 0731-32997...

Read More

CAPITAL STROKE COMMODITY UPDATE 27-August-2014 : MCX NICKEL

Nickel trading range for the day is 1125.9-1151.3. Nickel gained as a series of US economic figures were encouraging, while geopolitical strains in Ukraine eased some supported prices. Richmond Fed Manufacturing Index climbed in August to 12, its highest since March 2011, while US durable goods orders for July grew 22.6% MoM. US Conference Board’s consumer confidence index rose in August to 92.4, beating July’s reading of 90.3 and the expected...

Read More

CAPITAL STROKE COMMODITY UPDATE 27-August-2014 : MCX NATURAL GAS

Naturalgas trading range for the day is 238.3-246.7. Natural gas prices carried gains on expectations that warm summertime temperatures will hike demand for air conditioning. Supply uncertainty, however, allowed for choppy trading and pushed prices into negative territory at times. Inventories rose by 58 bcf in the same week a year earlier, while the five-year average change is a build of 48 bcf. Get more detail about COMMODITY TIPS for MCX...

Read More

CAPITAL STROKE COMMODITY UPDATE 27-August-2014 : MCX ALUMINIUM

Aluminium trading range for the day is 123.6-127.6. Aluminium gained buoyed by a bunch of sunny economic numbers from the US. However upside seen limited due to rising US dollar and growing worries about a possible interest rate hike by the US Fed The Conference Board’s consumer confidence index rose to 92.4 in August, its highest level since October 2007. Get more detail about #COMMODITY_TIPS for #MCX_ALUMINIUM at www.capitalstroke.com/...

Read More

CAPITAL STROKE UPDATE 26 August-2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28400 R1-28100 S1-27500 S2-27200 Gold trimmed losses after official data showed that U.S. new home sales fell to a four-month low in July. Fed has said it would wait a "considerable time" after winding down a stimulative bond-buying programme in October before raising rates. SPDR gold trust holdings dropped by 2.99 tonnes i.e. 0.37% to 797.09 tonnes from 800.08 tonnes. For more details...

Read More

CAPITAL STROKE UPDATE 26-August-2014: MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-45000 R1-43500 S1-40500 S2-39000 Silver dropped as dollar marched higher after central bank heads signalled that interest rates were set on a diverging course in US, Europe and Japan. Prices also seen under pressure hurt by strong U.S. economic data and speculation of an early interest rate increase. The U.S. Commerce Department said new home sales dropped by 2.4% to a seasonally...

Read More

CAPITAL STROKE UPDATE 26-August-2014 : MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-440 R1-436 S1-424 S2-418 Copper seen supported as growing optimism over the health of the U.S. economy supported demand for the industrial metal. Investors remain hopeful that China will announce some form of stimulus measures in the coming months to buttress the country's economy. The U.S. Commerce Department reported earlier that U.S. new home sales dropped by 2.4% to 412,000 units last month For...

Read More

CAPITAL STROKE UPDATE 26-August-2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-146 R1-144 S1-141 S2-139 Zinc gains with some market participants attributing the industrial metal’s gains to expectations of more economic stimulus from China. Recent data showed expansion in Chinese manufacturing fell to its slowest pace in three months while housing prices continued to drop. Zinc daily stocks at Shanghai exchange came up by 77 tonnes. For more details visit: http://www.capitalstroke.com/...

Read More

CAPITAL STROKE UPDATE 26-August-2014 : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1155 R1-1140 S1-1115 S2-1105 Nickel held on to a slight gains as hopes for a potential stimulus package from China offset pressure from weaker-than-expected US home-sales data. Prices seen some pressure after data showed German IFO business climate index was reported at 106.3 in August, missing expectations. China Conference Board's July leading economic indicators and US major economic data will...

Read More

CAPITAL STROKE UPDATE 26-July-2014 : MCX ALUMINIUM

Aluminium trading range for the day is 123.6-126. Aluminium gained as support seen after news that Alcoa plans to permanently shut its 150ktpa Portovesme aluminium smelter in Italy. US new home sales fell unexpectedly in July to a refreshed 4-month low, down for a second consecutive month. Aluminium daily stocks at Shanghai exchange came down by 2754 tonnes. For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299...

Read More