CAPITAL STROKE UPDATE 19-September-2014 : MCX ALUMINIUM

Aluminium trading range for the day is 117.9-120.9.

Aluminum dropped as the appeal of commodities as a store of value reduced, after US inflation unexpectedly fell from July to August.

Data showed that new home prices in China rose at annualized rate of 0.5% in August, below expectations for a gain of 2.3%

Aluminium daily stocks at Shanghai exchange came down by 2553 tonnes.

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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 19 September 2014

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27300 R1-26900 S1-26400 S2-26200

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-44000 R1-42500 S1-39500 S2-38500

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-5800 R1-5720 S1-5600 S2-5540

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-432 R1-426 S1-414 S2-408

LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-129 R1-127 S1-123 S2-121

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-141 R1-139 S1-135 S2-133

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1115 R1-1100 S1-1070 S2-1065

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CAPITAL STROKE UPDATE 18 September-2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27400 R1-27100 S1-26500 S2-26300

Gold dropped as dollar rallied and investors worried about forecasts that Fed may be readying for faster pace of interest rate hikes projected.

Markets digested the Federal Reserve's September statement on monetary policy, with investors questioning the dovish degree of the language.

The Fed decided earlier to trim that figure to $15 billion and will likely close it at its Oct. 28-29 meeting.

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CAPITAL STROKE UPDATE 18-September-2014: MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-44000 R1-42500 S1-40000
S2-39000

Silver dropped as dollar had been gaining in strength even before Fed statement, as speculation rose that Fed would raise rates sooner.

In a statement Fed announced a further $10 billion reduction in its monthly purchases, leaving the programme on course to be shuttered next month.

Holdings at ishares silver trust gained by 0.28% i.e. 29.83 tonnes to 10589.15 tonnes from 10559.32 tonnes.


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CAPITAL STROKE UPDATE 18-September-2014 : MCX CRUDE OIL

CRUDE OIL:- CONSOLIDATE STRATEGY BUY ON DIPS R2-5880 R1-5800 S1-5680 S2-5600

Crude oil fell after bearish U.S. inventory report offset otherwise bullish news that the OPEC oil cartel is planning to trim output.

OPEC may not need to cut its oil output target at a meeting in November, a Gulf OPEC delegate and other OPEC sources said.

The U.S. Energy Information Administration said in its weekly report that U.S. crude oil inventories increased by 3.7 million barrels.

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CAPITAL STROKE UPDATE 18-September-2014 : MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-440 R1-434 S1-422 S2-416

Copper dropped on profit booking after rallying on news that China's central bank was providing fresh stimulus to jump-start its economy.

PBOC injected $82 billion into the country's largest banks to counter a slowdown amid sluggish foreign direct investment and industrial output in August.

Fed announced that interest rates are likely to stay low for a “considerable time” after it ends its bond-buying program in October.


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CAPITAL STROKE UPDATE 18-September-2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-142 R1-140 S1-136 S2-134

Zinc dropped on profit booking as prices stepped back from highs with the momentum generated by the China monetary stimulus

Positive news that China will execute Standing Lending Facility was absorbed by the market.

Zinc daily stocks at Shanghai exchange came down by 373 tonnes.


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CAPITAL STROKE UPDATE 18-September-2014 : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1130 R1-1115 S1-1085 S2-1070

Nickel dropped as signs of low U.S. inflation cut demand for commodities as a store of value.

US CPI fell 0.2% MoM in August, down for the first time since April 2013, due partly to falling energy prices and the global economic slowdown.

After the Fed announced its September policy meeting minutes, US dollar index hit a record high of 84.814, weighing down base metals prices.


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CAPITAL STROKE UPDATE 18 September 2014 : MCX NATURAL GAS

Naturalgas trading range for the day is 239.9-248.9.

Natural gas gains after updated weather-forecasting models called for both warm and cool temperatures that should drive demand.

Northern U.S. states will see cooler temperatures in the coming week, which drive demand for heating.

Today natural gas storage: Exp: 91B Prev: 92B. Actual is at 8.00PM.


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CAPITAL STROKE UPDATE 18-September-2014 : MCX ALUMINIUM

Aluminium trading range for the day is 118.6-123.4.

Aluminum dropped as the appeal of commodities as a store of value reduced, after US inflation unexpectedly fell from July to August.

Aluminium supply contracts in Europe are likely to almost double next year as spot market premiums rise to record highs

Aluminium daily stocks at Shanghai exchange came down by 546 tonnes.

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