CAPITAL STROKE UPDATE 22-July-2014 : MCX ALUMINIUM

Aluminium trading range for the day is 116.9-123.9.
Aluminium prices rebounded and ended with gains offering a lifeline to China’s battered aluminium industry.

Prices also seen supported as falling inventories, smelter closures and a strong demand outlook continue to attract buyers.

Aluminium Premiums added to the LME benchmark price to obtain metal in Europe, North America and Asia climbed to records this year.

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CAPITAL STROKE UPDATE 22-July-2014 : MCX NATURAL GAS

Naturalgas trading range for the day is 227.3-239.7.
Natural gas dropped after updated weather-forecasting models called for below-normal temperatures to make their way across in the coming days.
Last week's supply report continued to weighed on prices as well
The five-year average change for the week is an increase of 65 billion cubic feet.

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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 22 JULY 2014

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28500 R1-28300 S1-27800 S2-27500

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-48000 R1-46500 S1-43000 S2-41500

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6330 R1-6250 S1-6100 S2-6020

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-438 R1-432 S1-421 S2-415

LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-137 R1-135 S1-131 S2-129

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-145 R1-143 S1-139 S2-137

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

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CAPITAL STROKE UPDATE 21-July-2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28500 R1-28200 S1-27600 S2-27400

Gold dropped as speculation that the Federal Reserve will raise U.S. interest rates sooner than expected.

Gold seen as a hedge against risk in times of uncertainty, jumped on Thursday as investors bought back their bearish bets in the metal.

SPDR gold trust holdings gained by 1.80 tonnes i.e. 0.22% to 805.14 tonnes from 803.34 tonnes.

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CAPITAL STROKE UPDATE 21-July-2014 : MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-48000 R1-46500 S1-43000 S2-41500

Silver settled down a day after concerns about a conflict between Russia and Ukraine shot prices up.

The Fed may have to raise its benchmark rate more quickly than planned as unemployment drops and inflation accelerates.

Fed policy makers pledged to keep borrowing costs low, while turmoil in Middle East and Eastern Europe spurred demand for a haven asset.

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CAPITAL STROKE UPDATE 21-July-2014 : MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6330 R1-6250 S1-6100 S2-6020

Crude oil dropped after investors locked in gains from concerns geopolitical tensions in
Ukraine and in Israel will disrupt supplies.
Investors worried that a general conflagration could draw in neighbouring countries and affect oil supplies.

Libya will not be able to export oil through its two largest eastern ports before August, due to safety checks after a near year-long closure.

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CAPITAL STROKE UPDATE 21-July-2014 : MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-438 R1-432 S1-421 S2-415
Copper settled down depressed by concerns about the Chinese property sector and news of increased production.

An expected surplus in the second half of this year has also driven price concerns.

Evidence of plentiful supplies emerged when data showed weekly copper inventories in Shanghai warehouses rose by 28.9 percent.

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CAPITAL STROKE UPDATE 21-July-2014 : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1155 R1-1140 S1-1110 S2-1100
Nickel settled down -3.45% as inventories tracked by the London Metal Exchange rose to a record.

Stockpiles have climbed 19 percent this year to 311,088 metric tons.

Also a drag on nickel, an Indonesian mining official said the country had resumed exports of metal ore concentrates, ending a six-month stoppage.

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CAPITAL STROKE UPDATE 21 July-2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-143 R1-141 S1-137 S2-135
Zinc dropped as escalating geopolitical turmoil and downbeat Michigan's June CCI depressed market sentiment.
The global zinc market fell into a 194,000 tonne deficit in the five months to May 31 – ILZSG.

Zinc weekly stocks at Shanghai exchange came up by 132 tonnes.

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CAPITAL STROKE UPDATE 21-July-2014 : MCX ALUMINIUM

Aluminium trading range for the day is 117.5-120.3.
Aluminium dropped due to profit booking on weekend after prices rose as a gauge of global inventories dwindled amid signs of higher demand.
Stockpiles monitored by the London Metal Exchange extended a slump to the lowest in 22 months.
Demand remains solid, and available supplies are less than the market envisaged.

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