CAPITAL STROKE UPDATE 5-June-2014 : MCX NATURAL GAS

Natural gas trading range for the day is 270.4-279.4.
Natural gas settled flat after prices traded in the range as market players assessed the outlook for U.S. demand and supply levels.Demand for natural gas tends to rise in the summer months as warmer temperatures increase the demand.
Producers would need to add approximately 2.5tcf to storage by November 1 to meet typical winter demand.

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CAPITAL STROKE UPDATE 5-June-2014 : MCX ALUMINIUM

Aluminium trading range for the day is 106.9-109.9.
Aluminium settled down as signs of slowing economic growth in Europe fueled demand concerns.
China’s Qingdao port said on it was investigating whether warehouse receipts were used multiple times to raise finance.
Aluminium daily stocks at Shanghai exchange came down by 627 tonnes.

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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 5 JUNE 2014

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27300 R1-27100 S1-26400 S2-26100

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-42500 R1-41000 S1-38000 S2-36500

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6200 R1-6150 S1-6050 S2-5970

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-426 R1-422 S1-410 S2-404

LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-128 R1-126 S1-123 S2-121

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-128 R1-126 S1-122 S2-120

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1165 R1-1150 S1-1120 S2-1105

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CAPITAL STROKE UPDATE 4-June-2014 : MCX GOLD

CS GOLD STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-27300 R1-27000 S1-26400 S2-26100
Gold settled up despite U.S. economic data showing a third straight month of gains for new factory orders.
Weak demand in top consumer China contributed to keep prices near their lows, with buying interest failing to come back strongly.

SPDR gold trust holdings gained by 1.80 tonnes i.e. 0.23% to 787.08 tonnes from 785.28 tonnes.

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CAPITAL STROKE UPDATE 4-June-2014 : MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-42500 R1-41000 S1-38000 S2-36500
Silver ended with gains as stock markets beat a retreat after a series of record highs on Wall Street.
ECB is expected to cut interest rates, as well as lower the rate banks are charged for depositing funds with the central bank to below zero

The upbeat data underlined the view that U.S. economy was regaining traction after being slowed by unusually cold temperatures during the winter months.

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CAPITAL STROKE UPDATE 4-June-2014 : MCX ALUMINIUM

Aluminium trading range for the day is 107.5-110.7.
Aluminium ended with gains as market responded mildly to an uptick in China’s manufacturing PMI for May.
US factory orders growth reached 0.7% MoM in April, with March’s growth revised up to 1.5% from previous 0.9% and up for a third straight month.
Aluminium daily stocks at Shanghai exchange came up by 100 tonnes.

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CAPITAL STROKE UPDATE 4-June-2014 : MCX NATURAL GAS

Natural gas trading range for the day is 270.6-280.
Natural gas prices ended with gains as market players assessed the outlook for U.S. demand and supply levels.
Producers would need to add approximately 2.5 trillion cubic feet to storage by November 1 to meet typical winter demand.
Demand for natural gas tends to rise in the summer months as warmer temperatures increase the need for gas-fired electricity.

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CAPITAL STROKE UPDATE 4-June-2014 : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1160 R1-1145 S1-1115 S2-1100
Nickel dropped after lacklustre factory data from China and Europe dented investor outlook on demand for the metal.
The final reading of the HSBC manufacturing purchasing managers' index posted a smaller decline than the preliminary reading announced in May.
Data from the Eurostat revealed Tuesday that the euro zone’s CPI declined to 0.5% in May in a sign that single currency bloc was still plagued with deflationary risks.

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CAPITAL STROKE UPDATE 4-June-2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-128 R1-126 S1-122 S2-120
Zinc gained buoyed by signs of reviving momentum in China's economy as China returned from a holiday weekend.
HSBC’s China final manufacturing PMI for May released on Tuesday rose to a fresh 4-month high of
49.4.

Zinc daily stocks at Shanghai exchange came down by 826 tonnes.

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CAPITAL STROKE UPDATE 4-June-2014 : MCX COPPER

COPPER: - CONSOLIDATE STRATEGY BUY ON DIPR2-424 R1-418 S1-406 S2-400
Copper prices dropped on profit booking as investors digested mixed data on China’s economy.
China’s final HSBC Purchasing Managers Index for May released came in at 49.4, down from a preliminary estimate of 49.7.

In the US, factory orders increased more than expected in April, but prices fell slightly.

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