CAPITAL STROKE UPDATE 8 October 2014 : MCX ALUMINIUM

Trend updated for-Oct/08/2014.CMP-119 The Aluminium is in long- term bull phase .Currently Aluminium is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The Aluminium is now trading in oversold level. The Aluminium is now trading in oversold level. The oscillator is showing BUY signal For short term Aluminium is in HOLD LONG position.Positionally Support for the Aluminium is 117-.Resistance for the Aluminium is 120-122-


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CAPITAL STROKE UPDATE 8 October 2014 : MCX NATURAL GAS

Natural Gas futures closed higher in the domestic market on Tuesday as investors and speculators booked fresh positions in the energy commodity as forecasts for a spell of cold weather across the US in the near-term bolstered the demand outlook for the heating fuel. Latest weather forecasting models predicted cooler than normal temperatures in north-central US and Northeast in the third week of October. 

At the MCX, Natural gas futures for October 2014 contract closed at Rs. 243.50 per mmBtu, up by 0.83 per cent, after opening at Rs 240.10, against the previous closing price of Rs 241.10. It touched an intra-day high of Rs 244.50.

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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 8 October 2014

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27400 R1-27100 S1-26500 S2-26200

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-42000 R1-40500 S1-38000 S2-36500

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-5620 R1-5550 S1-5420 S2-5350

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-424 R1-420 S1-410 S2-406

LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-132 R1-130 S1-126 S2-124

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-147 R1-145 S1-140 S2-138

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1075 R1-1060 S1-1030 S2-1015


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CAPITAL STROKE UPDATE 7 October 2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27400 R1-27100 S1-26500 S2-26200

Gold rose as the dollar's sharp retreat sparked fresh physical demand and short covering after bullion dropped earlier.

Forecast-beating U.S. nonfarm payrolls data on Friday bolstered bets the Federal Reserve would raise interest rates in mid-2015.

SPDR gold trust holdings dropped by 2.42 tonnes i.e. 0.31% to 767.47 tonnes from 769.89 tonnes.


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CAPITAL STROKE UPDATE 7 October 2014: MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-41000 R1-40000 S1-37000
S2-36000

Silver prices gains as prices recovered from lows on short covering after prices dropped as data last week showed U.S. payrolls beat forecasts

Holdings at ishares silver trust dropped by 0.25% i.e. 26.84 tonnes to 10857.35 tonnes from 10884.19 tonnes.

The Fed is considering the timing for its first interest-rate increases since 2006 amid signs the U.S. economy is recovering.

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CAPITAL STROKE UPDATE 7 October 2014 : MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-5700 R1-5620 S1-5500 S2-5420

Crude oil settled flat as gains were limited amid speculation rising global supplies will be more than enough to meet slowing demand.

Global supplies have far outpaced demand, sparking speculation among traders about whether OPEC would lower production to keep prices high.

A report last week showed OPEC oil output hit a two-year high of 31 million barrels per day in September.

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CAPITAL STROKE UPDATE 7 October 2014 : MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-426 R1-422 S1-410 S2-406

Copper edged higher as greenback took a breather from its recent rally against a basket of other major currencies sparked by upbeat U.S. employment data.

The greenback strengthened broadly last Friday after the Labor Department reported that the U.S. economy added 248,000 jobs in September.

Copper stockpiles monitored by the LME fell 0.3 percent to 150,050 tons, the lowest since Sept. 2, daily data showed.

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CAPITAL STROKE UPDATE 7 October 2014 : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1060 R1-1045 S1-1020 S2-1005

Nickel gains on speculation better-than-expected U.S. jobs data signal demand may rise in the world’s second-largest user of industrial metals.
Factory orders in Germany, slumped 5.7 percent in August, the most since 2009, data showed.

Data showed that factory growth in China held up last month but remained subdued, indicating a recovery in the broader economy remains fragile.

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CAPITAL STROKE UPDATE 7 October 2014 : MCX NATURAL GAS

Natural gas trading range for the day is 235.8-250.8
.
Natural gas dropped as market players positioned themselves for a bearish weekly storage report later in the week.

The U.S. EIA said that natural gas storage in the U.S. rose by 112 billion cubic feet, above expectations for an increase of 107 billion.

Injections of gas into storage have surpassed the five-year average for 24 consecutive weeks, alleviating concerns over tightening supplies.


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CAPITAL STROKE UPDATE 7 October 2014 : MCX ALUMINIUM

Aluminium trading range for the day is 116.9-118.5.

Aluminium prices settled flat as investors remained worried about a strong dollar and weaker demand in top metals consumer China.

China’s official manufacturing index held steady at 51.1 in September, unchanged from August and broadly in line with market expectations.

Chinese markets have been shut for national holidays and will reopen on Wednesday.

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