CAPITAL STROKE COMMODITY UPDATE 29-OCT-2014 : MCX ALUMINIUM

Aluminium trading range for the day is 121.2-123.2.

Aluminium settled up finding support from a softer US dollar despite of mixed bag of economic data.
 
The US Conference Board’s consumer confidence index, S&P/CS 20 major cities house price index and Richmond Fed’s manufacturing index all rose.

Aluminium daily stocks at Shanghai exchange came down by 600 tonnes.
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CAPITAL STROKE COMMODITY UPDATE 29-OCT-2014 : MCX SILVER

Silver settled flat after moves were muted ahead of a closely-watched Federal Reserve meeting.

Core durable goods orders, excluding volatile transportation items, eased down by a seasonally adjusted 0.2% in September.

Outflows from silver-backed exchange-traded funds have risen to 11.51 million ounces in October, the largest monthly decline since May last year.
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CAPITAL STROKE COMMODITY UPDATE 29-OCT-2014 : MCX GOLD

Gold trading range for the day is 27016-27330.Gold traded flat giving back gains from mixed U.S. data that had softened the dollar, which trades inversely with the metal.The U.S. Commerce Department said that total durable goods orders, decreased by a seasonally adjusted 1.3% last monthSPDR gold trust holdings dropped by 1.80 tonnes i.e. 0.24% to 743.59 tonnes from 745.39 tonnes.
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CAPITAL STROKE COMMODITY UPDATE 29-OCT-2014 :: MCX CRUDE OIL

Crude oil trading range for the day is 4918-5062. Crude oil prices ended with gains as support seen amid short covering supported by a rally in equities and a fall in the U.S. dollar. Despite disruption in producers such as Libya and Iraq, global oil supply remains high.The meeting of the OPEC next month in Vienna is shaping up to be one of the most important in years.
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CAPITAL STROKE COMMODITY UPDATE 29-OCT-2014 : MCX ZINC

Zinc trading range for the day is 136.8-139.6. Zinc prices dropped on concern that demand will remain weak in China. China’s output of refined zinc rose in September after production cuts this summer.Zinc daily stocks at Shanghai exchange came down by 899 tonnes.
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CAPITAL STROKE COMMODITY UPDATE 29-OCT-2014 : MCX NATURAL GAS

Natural gas trading range for the day is 220.5-235.1.
Natural gas gained after updated weather-forecasting models predicted cold Canadian air to make its way south in coming days and drive demand for heating.
Bearish speculators are betting on the mild weather reducing early-winter demand for the heating fuel.


The U.S. EIA’s next storage report slated for release on Thursday is expected to show an increase of 85 billion cubic feet.

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CAPITAL STROKE COMMODITY UPDATE 29-OCT-2014 : MCX NICKEL

Nickel trading range for the day is 882.3-988.7.

Nickel prices gained on slower stockpile builds as output of a lower-grade alternative drops in the coming months.
Nickel slid into a bear market this year as London Metal Exchange stockpiles surged 45 percent to a record.


During the first nine months of the year, the Philippines exported 27.1 million tons of nickel ore to China, according to China’s customs data.
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CAPITAL STROKE UPDATE 28 October 2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27700 R1-27400 S1-26800 S2-26500

Overall trend of the Gold is bearish for medium-long term .Currently Gold is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 27030-26872-.Resistance for the Gold is 27387-27398-27550-27668-

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CAPITAL STROKE UPDATE 28 October 2014: MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-41000 R1-39500 S1-37000 S2-36000

Overall trend of the Silver is bearish for medium-long term.Currently Silver is showing some down move and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note selling at lower levels seems decreasing. The oscillator is showing BUY signal For short term Silver is in HOLD SHORT position.Positionally Immediate support for Silver is 37783.Resistance for the Silver is 38570-38577-38842-40453-41860-42185-

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CAPITAL STROKE UPDATE 28 October 2014 : MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-5100 R1-5050 S1-4900 S2-4850

Overall trend of the Crudeoil is bearish for medium-long term .Currently Crudeoil is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Crudeoil is now trading in oversold level. The Crudeoil is now trading in oversold level. The oscillator is showing SELL signal For short term Crudeoil is in HOLD SHORT position.Positionally Immediate support for Crudeoil is 4878.Resistance for the Crudeoil is 5080-5192-5393-5563-5742-5884-

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