CAPITAL STROKE COMMODITY UPDATE 16 MAY 2014: MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1130 R1-1125 S1-1105 S2-1090
Nickel dropped as pressure seen on prices on continued profit booking amid signs of sufficient supply.

The gain in nickel inventories eased concern that Indonesia’s ban would drain supplies.

Data from the US turned out positive, with CPI rise hitting 2.0% in April, its biggest gain since July 2013.
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CAPITAL STROKE COMMODITY UPDATE 16 MAY 2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-129 R1-127 S1-123 S2-121
Zinc ended with losses tracking weak LME prices as pressure seen since US government bond yields fell to a 1/2 year low
Moreover, data from the euro zone all disappointed kept pressure on prices.

In Europe, the euro zone GDP grew 0.2% on a quarterly basis during Q1, on par with Q4 last year but missing forecasts.
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CAPITAL STROKE COMMODITY UPDATE 16 MAY 2014 MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-430 R1-426 S1-408 S2-404
Copper dropped as the negative Q1 GDP report from euro zone reinforced market expectations that ECB could further loose its monetary policy.
The US CPI was reported up 2.0% YoY in April, its biggest growth since July last year, while the initial jobless claims last week hit a seven-year low

ECB reiterated in its monthly report that additional measures might be adopted should inflation remain low for the long run.
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CAPITAL STROKE COMMODITY UPDATE 16 MAY 2014: MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6200 R1-6120 S1-6000 S2-5950
Crude oil dropped after a mixed bag of economic indicators and disappointing earnings clouded investors' views over the health of the U.S. economy.
While concerns about the crisis in Ukraine and a tightening global oil market continued to support the prices.

OPEC-member Libya's output was at 300,000 bpd with El Feel field at full capacity and Wafa field back at work after protests ended.
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CAPITAL STROKE COMMODITY UPDATE 16 MAY 2014 MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-29100 R1-28400 S1-27800 S2-27400
Gold dropped after U.S. jobless claims data and consumer prices pointed to a firming economy that reduced gold's risk premium.
New applications for U.S. unemployment benefits hit a seven-year low last week while consumer prices recorded their largest increase in 10 months in April
SPDR gold trust holdings gained by 1.79 tonnes i.e. 0.23% to 782.25 tonnes from 780.46 tonnes.
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CAPITAL STROKE COMMODITY UPDATE 16 MAY 2014 MCX SILVER

SILVER STRATEGY:- CONSOLIDATE STRATEGY BUY ON DIP R2-44500 R1-43500 S1-41000 S2-39500
Silver dropped after a string of mixed U.S. economic indicators came but strong enough to convince investors that Fed remains on track to wind down stimulus measures
The number of individuals filing for initial jobless benefits fell by 24,000 to 297,000 from the previous week’s revised total of 321,000.

The Fed is currently buying $45 billion in Treasury and mortgage debt a month to suppress long-term interest rates to kick-start the economy.

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CAPITAL STROKE ALL COMMODITY UPDATE 15 MAY 2014

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-430 R1-424 S1-412 S2-406
LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-131 R1-129 S1-125 S2-123
ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-129 R1-127 S1-123 S2-121
NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1205 R1-1190 S1-1165 S2-1150


CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-29300 R1-29000 S1-28400 S2-28100
SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-44500 R1-43500 S1-41000 S2-39500
CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6200 R1-6150 S1-6020 S2-5950



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CAPITAL STROKE COMMODITY UPDATE 15 MAY 2014: MCX SILVER

CONSOLIDATE STRATEGY BUY ON DIP R2-44500 R1-43500 S1-41000 S2-39500 
Silver gains as buying seen due to Ukraine worries and the potential for stimulus measures in Europe.
Silver prices seen supported buoyed by a report that said demand for the metal rose to a record last year

In US year-over-year, the producer price index rose at an annualized rate of 2.1% in April, above expectations for a 1.7% increase.

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CAPITAL STROKE COMMODITY UPDATE 15 MAY 2014 : MCX CRUDE OIL

CONSOLIDATE STRATEGY BUY ON DIPS R2-6200 R1-6150 S1-6020 S2-5950
Crude oil gained supported by the deteriorating situation in Ukraine and the potential for other supply disruptions.
In a report, Energy Information Administration said that U.S. Crude Oil Inventories rose to a seasonally adjusted annual rate of 0.947M, from -1.781M in the preceding month.

OPEC raised the forecast demand for its crude oil in 2014 to 29.76 million bpd, up 110,000 bpd from the previous estimate.


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CAPITAL STROKE COMMODITY UPDATE 15 MAY 2014 MCX COPPER

CONSOLIDATE STRATEGY BUY ON DIPR2-430 R1-424 S1-412 S2-406 
Copper rose amid speculation demand from top consumer China will increase in the near-term.
China's economic activity showed across-the-board weakness in April, with data from output to investment and consumption all missing market expectations.

Prices have been well-supported amid indications China’s government will introduce measures to deepen reforms of the nation’s capital markets.


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