CAPITAL STROKE COMMODITY UPDATE 20 MAY 2014: MCX ALUMINIUM

Aluminium trading range for the day is 101.1-102.9.

Aluminium settled down as market traded in the range in the absence of microeconomic data.

The euro zone’s construction output released fell 0.6% MoM in March, which was due mostly to a large decline in Germany’s construction.

Investors should keep close watch on interest rate meeting minutes of the Bank of England and the US Federal Reserve.


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CAPITAL STROKE COMMODITY UPDATE 20 MAY 2014: MCX NATURAL GAS

Naturalgas trading range for the day is 255.9-268.3.

Natural gas prices rose as market players assessed the outlook for U.S. supply levels.

Meanwhile, updated weather forecasting models called for mild springtime temperatures, was likely to lower heating demand.

EIA said that natural gas storage in the U.S. rose by 97 billion cubic feet last week, below forecasts for an increase of 99 billion cubic feet.


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CAPITAL STROKE COMMODITY UPDATE 20 MAY 2014: MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1215 R1-1200 S1-1160 S2-1140

Nickel rallied near to +6.00% advanced on speculation that demand may outstrip global supplies amid an ore export ban by Indonesia.

The global nickel surplus will drop to a four-year low in 2014, Norilsk said

Goldman affirmed its forecast that prices will rally to $US22k over the next three to six months.

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CAPITAL STROKE COMMODITY UPDATE 20 MAY 2014: MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6100 R1-6050 S1-5950 S2-5900

Crude oil ended with gains as ongoing worries over a disruption to supplies from Russia and Libya supported prices.

Libya's output has fallen to about 200,000 barrels per day from 300,000 bpd earlier last week, far below the 1.4 million bpd produced last year.

An end to a month-long blockade of major oil ports in eastern Libya last month had raised the prospect of higher crude exports and weighed on oil prices.



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CAPITAL STROKE COMMODITY UPDATE 20 MAY 2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-127 R1-124 S1-120 S2-118 

Zinc prices seen supported amid speculation demand from top consumer China will increase in the near-term.

The next slice of Chinese economic data to come out will be the HSBC preliminary purchasing managers' index for May, due on Thursday.

Technically market is under fresh buying as market has witnessed gain in open interest by 1.28% to settled at 1656.

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CAPITAL STROKE COMMODITY UPDATE 20 MAY 2014: MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-422 R1-416 S1-408 S2-402

Copper gained as disappointing housing data from China fuelled speculation policymakers will unveil fresh stimulus measures to stabilize the economy.

Data showed that house prices in China rose 6.7% in April from a year earlier, slowing from a 7.7% increase in the previous month.

The disappointing data added to hopes that China’s government will introduce fresh stimulus to combat recent signs of a slowdown in the nation’s economy.
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CAPITAL STROKE COMMODITY UPDATE 20 MAY 2014 MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28700 R1-28400 S1-27800 S2-27400 

Gold prices seen supported as the situation in Ukraine showed no signs of easing ahead of the country’s presidential election later in the week.

Meanwhile, lacklustre investment demand in terms of ETFs and reports of rather soft physical demand prevented prices to increase.

The ECB and other central banks announced the renewal of the current central bank gold agreement from September this year.



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CAPITAL STROKE COMMODITY UPDATE 20 MAY 2014 MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-43500 R1-42500 S1-39000 S2-37500 

Silver erased initial gains to end flat as rising U.S. equities decreased bullion's appeal as a hedge

Heightened tensions between Russia and Ukraine continued to support demand for safe haven assets.

Investors avoided the dollar on Monday to digest last week's mixed bag of economic indicators, which supported prices.


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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 20 MAY 2014

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-422 R1-416 S1-408 S2-402
LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-129 R1-127 S1-123 S2-121
ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-127 R1-124 S1-120 S2-118
NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1215 R1-1200 S1-1160 S2-1140

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28700 R1-28400 S1-27800 S2-27400
SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-43500 R1-42500 S1-39000 S2-37500
CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6100 R1-6050 S1-5950 S2-5900

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CAPITAL STROKE ALL COMMODITY UPDATE 19 MAY 2014

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-422 R1-416 S1-404 S2-400
LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-128 R1-126 S1-122 S2-120
ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-125 R1-123 S1-120 S2-118
NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1145 R1-1130 S1-1105 S2-1090
CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28700 R1-28400 S1-27800 S2-27400
SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-42500 R1-41500 S1-39000 S2-37500
CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6100 R1-6020 S1-5920 S2-5850



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