CAPITAL STROKE COMMODITY UPDATE 30 MAY 2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27400 R1-27100 S1-26600 S2-26300 Gold trading range for the day is 26393-27163.Gold eased but bounced off after data showed the U.S. economy contracted in the first quarter for the first time in three years.The U.S. Commerce Department estimated that gross domestic product shrank in the first quarter at a 1.0 percent annual rate.Gold was also hurt by stronger equities and a firmer U.S. dollar, while the geopolitical situation in Ukraine was also being eyed.


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CAPITAL STROKE COMMODITY UPDATE 30 MAY 2014 : MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-43500 R1-42000 S1-39000 S2-37500 .Silver prices dropped even after data revealed the U.S. economy contracted much more than expected in the first quarter.Expectations held firm that the Fed remains on course to wind down stimulus measures as the year unfolds, which kept prices in negative territory.Yesterday data showed that the U.S. economy contracted for the first time in three years in the first quarter. 


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CAPITAL STROKE COMMODITY UPDATE 30 MAY 2014:: MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-126 R1-124.5 S1-121 S2-119 .Zinc prices ended with losses as pressure seen due to a decline in US GDP growth for Q1. Zinc holding gain's as closures of a number of zinc mines over this year and next would lead to a supply crunch.The firm US dollar index and rising stocks indicated investors expected brighter growth in the second quarter. 



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CAPITAL STROKE COMMODITY UPDATE 30 MAY 2014 :: MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-422 R1-416 S1-406 S2-400 .Copper dropped as investors were unnerved by China's latest efforts to ward off a sharp growth slowdownBut limiting losses in copper, LME stocks were near their lowest in almost six years, while SHFE stocks were near their lowest in 2-1/2 years.U.S. economy contracted in the first quarter for the first time in three years as it buckled under the weight of a severe winter.



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CAPITAL STROKE COMMODITY UPDATE 30 MAY 2014:: MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6280 R1-6200 S1-6080 S2-6000 
.Crude oil recovered from the day's low after EIA reports shows gasoline stocks fell last weekThe U.S. Energy Information Administration reported that crude oil inventories rose by 1.657 million barrels last weekThe brighter demand outlook is supporting prices, already at elevated levels due to supply disruption concerns from Libya.
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CAPITAL STROKE COMMODITY UPDATE 30 MAY 2014: : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1145 R1-1130 S1-1105 S2-1090
Nickel prices ended with losses tracking weakness in LME prices weighed by opportunistic selling after recent gains.Falling initial jobless claims in the US last week were overshadowed by disappointing GDP growth in the country.The Commerce Department revised down its growth estimate to show that US GDP contracted at a 1% annual rate in Q1, worse than expectations.


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CAPITAL STROKE COMMODITY UPDATE 30 MAY 2014 : MCX NATURAL GAS

Natural gas trading range for the day is 263.9-279.7.Natural gas dropped from the day's high after official data revealed U.S. stockpiles rose more than markets were expecting last week.EIA said in its weekly report that natural gas storage in the U.S. in the week ended May 23 rose by 114bcf vs 110bcf.Market players prepped for the arrival of summertime temperatures in the U.S., which should hike demand for air conditioning.



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CAPITAL STROKE COMMODITY UPDATE 30 MAY 2014 MCX ALUMINUM

Aluminium trading range for the day is 104.6-107.8.Aluminum settled flat as prices recovered in late session as investors believed harsh winter weather may be partly blamed for downbeat GDP data.Aluminium producers seek record premium of $405-410 from Japan buyersAluminum daily stocks at Shanghai exchange came down by 399 tonnes.



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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 30 MAY 2014

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27400 R1-27100 S1-26600 S2-26300
SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-43500 R1-42000 S1-39000 S2-37500
CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6280 R1-6200 S1-6080 S2-6000
COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-422 R1-416 S1-406 S2-400
LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-128 R1-126 S1-123 S2-121
ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-126 R1-124.5 S1-121 S2-119
NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1145 R1-1130 S1-1105 S2-1090



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CAPITAL STROKE COMMODITY UPDATE 29 MAY 2014: : MCX NICKEL

Nickel ended with losses on profit booking after price seen support due to unrest at a New Caledonian mine kept supply threats in focus.Global Nickel market surplus dropped over 50% over the year in March: INSGTechnically market is under long liquidation as market has witnessed drop in open interest by -12.2% to settled at 6136 .
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