CAPITAL STROKE UPDATE 10 October 2014 : MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-5400 R1-5320 S1-5200 S2-5150

Crudeoil dropped as investors continued to worry over demand growth prospects and a supply glut.
Prices fallen as geopolitical risks from the Middle East to Ukraine failed to disrupt oil supplies.

IMF's downward revision to its outlook for the global economy and a reduction in oil prices by Saudi Arabia's Aramco also contributed to oil's decline.

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CAPITAL STROKE UPDATE 10 October 2014 : MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-424 R1-418 S1-406 S2-402
Copper gained after minutes of Fed meeting doused fears of any early move to raise interest rates
Growth in China's services sector weakened slightly in September as new business cooled,a private survey showed.

US Fed's minutes from its September meeting is relatively dovish, while markets are expecting China to continue easing restrictions on home loans.


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CAPITAL STROKE UPDATE 10 October 2014 : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1040 R1-1025 S1-1020 S2-1015

Nickel seen supported after U.S. central bank authorities signalled they would not rush to boost interest rates.
Some estimated China’s Q3 GDP growth at 7.2-7.3%, far below the government’s annual target of 7.5%, which raised concerns over China’s economic outlook.


Germany’s exports shrank 5.8% in August, a bigger fall than the estimated 4% contraction and the largest monthly decline since January 2009.

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CAPITAL STROKE UPDATE 10 October 2014 : MCX NATURAL GAS

Naturalgas trading range for the day is 229.2-244.6.
Natural gas edged lower after weather-forecasting models called for seasonably mild temperatures to hold across much of the U.S.
The Energy Information Agency reported earlier that stockpiles rose by 105 billion cubic feet last week.
If colder weather patterns don't show up soon, supplies will be able to make up additional ground on deficits before the draw season begins


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CAPITAL STROKE UPDATE 10 October 2014 : MCX ALUMINIUM

Aluminium trading range for the day is 116.6-119.4.

Aluminium ended with losses as pressure seen after data showed that US initial jobless claims dropped unexpectedly
Federal Reserve’s Richard Fisher said interest rate hike may occur around the middle of 2015, the schedule will be subject to economic data

Aluminum continues to face a large structural surplus, but non-Chinese producers are addressing this and China could start to experience raw material shortages.

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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 10 October 2014

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27400 R1-27200 S1-26600 S2-26300

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

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-5400 R1-5320 S1-5200 S2-5150

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-424 R1-418 S1-406 S2-402

LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-131 R1-129 S1-125 S2-123

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-146 R1-144 S1-140 S2-138

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1040 R1-1025 S1-1020 S2-1015


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CAPITAL STROKE UPDATE 9 October 2014 : MCX GOLD

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

Gold dropped as rupee firmness weighed despite growing concerns over the global economy prompted safe-haven bids.
The minutes of Fed last policy meeting show they are struggling with how to come to grips with the dual threats of a stronger dollar and a global slowdown.
SPDR gold trust holdings dropped by 5.39 tonnes i.e. 0.70% to 762.08 tonnes from 767.47 tonnes.

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CAPITAL STROKE UPDATE 9 October 2014: MCX SILVER

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

Silver dropped as rupee firmness weighed despite a cut in IMF’s global growth forecasts fuelling concerns over the world economy.
Pressure also seen after upbeat U.S. jobs data boosted the dollar and stocks.


Fed minutes released expressed concern the rising dollar could slow a needed rebound in inflation, and also highlighted economic turmoil in Europe and Asia.


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CAPITAL STROKE UPDATE 9 October 2014 : MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-5520 R1-5450 S1-5320 S2-5250

Crude oil dropped after data showed that U.S. stockpiles rose far more than expected last week.
The U.S. Energy Information Administration said in its weekly report that U.S. crude oil inventories increased by 5 million barrels.

The report also showed that gasoline stockpiles rose by 1.2 million barrels, confounding expectations for a drop of 1.0 million barrels.

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CAPITAL STROKE UPDATE 9 October 2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-147 R1-145 S1-141 S2-139

Zinc prices drifted lower, on a weaker economic outlook after the International Monetary Fund cuts its global growth forecast.

Investor sentiment was hit after a report showing a steep decline in German factory orders in August

Zinc daily stocks at Shanghai exchange came down by 4493 tonnes.

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