CAPITAL STROKE UPDATE 19-June-2014 : MCX GOLD

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

Gold steadied before the conclusion of a two-day U.S. Fed meeting, which was expected to yield a more hawkish tone from the central bank.

Fed on said it was leaving its benchmark interest rate unchanged at 0.00-0.25% but said it would cut its monthly bond-buying program to $35 billion

Gold jewellery exports from India are likely to grow by a quarter in the year to March 2015, helped by an expected relaxation of import policy.

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CAPITAL STROKE UPDATE 19-June-2014 : MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-45500 R1-44000 S1-40000 S2-38500
Silver prices swung between small gains and losses as investors remained on the sidelines ahead of the outcome of the Federal Reserve's policy meeting.
The U.S. current account deficit widened more than expected in the first three months of the year, official data showed.

The central bank slashed its forecast for U.S. economic growth to a range of between 2.1 percent and 2.3 percent.

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CAPITAL STROKE UPDATE 19-June-2014 : MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6550 R1-6480 S1-6350 S2-6280

Crude oil prices dropped after government numbers showed domestic crude inventories fell much less than an industry group had reported.

EIA showed U.S. crude oil inventories to have declined 0.58 million barrels in the week ended June 13

The situation in Iraq continues to be of concern with Islamic militants advancing towards Iraq's capital.

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CAPITAL STROKE UPDATE 19-June-2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-131 R1-129 S1-125 S2-123
Zinc settled firm as optimistic statements by the Chinese Premier should continue to lend solid support to prices.
Fed Yellen’s remarks on economy and job market following the policy meeting were welcomed by the market, allowing US stock prices to rise further

The number of US initial jobless claims last week and Philadelphia Fed’s June manufacturing index will be released today.

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CAPITAL STROKE UPDATE 19-June-2014 : MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-420 R1-414 S1-402 S2-396
Copper dropped on rupee firmness after finding support from a pledge by Chinese authorities to support growth as well as shortfall in supply.
Premier Li Keqiang said China's economy will grow 7.5 percent, maintain medium-to-high growth in the long run.
Later, the US Fed announced to cut its bond buying program another USD 10 billion to USD 35 billion per month.

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CAPITAL STROKE UPDATE 19-June-2014 : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1190 R1-1170 S1-1140 S2-1120
Nickel slid after inventories jumped to record high, reminding investors that the price has rallied this year ahead of expected shortages
Prices also seen under pressure on profit booking after prices gained on renewed concerns over disruptions in Russian supply.
Nickel prices is expected to go into a deficit later this year after Indonesia imposed a ban on shipments of unprocessed ore.

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CAPITAL STROKE UPDATE 19-June-2014 : MCX NATURAL GAS

Natural gas trading range for the day is 274.1-291.9.
Natural gas dropped by -1.68% on expectations that weekly government storage data will show an increase.
Today natural gas storage: Exp: 112B Prev: 107B. Actual is at 8.00PM

Updated weather-forecasting models continued to call for warm weather over the central and eastern U.S. over the next five days.

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CAPITAL STROKE UPDATE 19-June-2014 : MCX ALUMINIUM

Aluminium trading range for the day is 108.2-112.6.
Aluminium gains as support seen after China’s Premier said he is confident that China will meet its economic growth target of 7.5% this year.
The market will continue to absorb positive effects from Premier Li’s statement and the Fed’s interest rate decision

Aluminium daily stocks at Shanghai exchange came down by 5546 tonnes.

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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 19 JUNE 2014

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

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-45500 R1-44000 S1-40000 S2-38500

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6520 R1-6450 S1-6320 S2-6250

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-420 R1-414 S1-402 S2-396

LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-130 R1-128 S1-124.5 S2-123

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

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1150 R1-1130 S1-1100 S2-1080

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CAPITAL STROKE UPDATE 18-June-2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27400 R1-27100 S1-26500 S2-26200
Gold trading range for the day is 26410-27118.Gold settled flat as geopolitical concerns eased and investors withdrew money from the top bullion fund before a Federal Reserve meeting.
Gold premiums in India fell to their lowest in four months after the RBI allowed private companies to import gold.
SPDR gold trust holdings dropped by 0.26 tonnes i.e. 0.03% to 782.62 tonnes from 782.88 tonnes.

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