CAPITAL STROKE UPDATE 20-July-2014 : MCX ALUMINIUM

Aluminium trading range for the day is 121.1-124.5.
Aluminium rose due to rising housing starts and building permits in the US in July.
Stockpiles monitored by the LME are at the lowest since September 2012.
Aluminium daily stocks at Shanghai exchange came down by 2007 tonnes.

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CAPITAL STROKE UPDATE 20 August 2014 : MCX NATURAL GAS

Naturalgas trading range for the day is 226.8-243.2.
Natural gas rallied sharply as bullish chart signals prompted investors to reenter the market after last week's heavy losses.

However, prices regained strength after prices bounced off key support close to 228 level triggering a flurry of short covering.

EIA's next storage report is slated for release on Thursday, with expected a build of 82 billion cubic feet.

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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 20 August 2014

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28900 R1-28600 S1-28000 S2-27700

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-45500 R1-44000 S1-41000 S2-40000

CRUDE OIL:- CONSOLIDATE STRATEGY BUY ON DIPS R2-5820 R1-5750 S1-5600 S2-5550

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-426 R1-420 S1-410 S2-406

LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-139 R1-137 S1-133 S2-131

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-144 R1-142 S1-138 S2-136

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1150 R1-1140 S1-1115 S2-1100

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CAPITAL STROKE COMMODITY UPDATE 19-AUG-2014 : MCX NATURAL GAS

Naturalgas trading range for the day is 222-243.2.

Natural gas dropped after forecasts for mild weather to edge out a heat wave over portions of the eastern half of the U.S.
Inventories rose by 70 billion cubic feet in the same week a year earlier, while the five-year average change is a build of 45 billion cubic feet.

Injections of gas into storage have surpassed the five-year average for 17 consecutive weeks, alleviating concerns over tightening supplies.

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CAPITAL STROKE COMMODITY UPDATE 19-AUG-2014 : MCX ALUMINIUM

Aluminium trading range for the day is 119.7-123.7. Aluminium rose as some investors regarded recent losses as overdone but gains were capped after new home prices in China fell. Figures from the NAHB showed that US homebuilder sentiment rose in August to a 7-month high of 55 from 53Aluminium daily stocks at Shanghai exchange came down by 8745 tonnes.
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CAPITAL STROKE COMMODITY UPDATE 19-AUG-2014 : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1150 R1-1135 S1-1110 S2-1100.  Nickel settled down -0.58% after inventories continued to rise.Investors are counting on shortages developing after Indonesia cut off unprocessed nickel ore exports in January. US July inflation rate, housing starts as well as construction permits scheduled for release today are optimistic.
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CAPITAL STROKE COMMODITY UPDATE 19-AUG-2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-143 R1-141 S1-136 S2-134. Zinc gained after data showed that the metal mainly used for galvanising steel was in a deficit of 234,000 tonnes in January to June. Home prices in China's first-tier cities are expected to fall due to high inventories, fueling concerns over China's property market. Zinc daily stocks at Shanghai exchange came up by 4060 tonnes.
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CAPITAL STROKE COMMODITY UPDATE 19-AUG-2014 :: MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-428 R1-422 S1-412 S2-406. Copper edged higher as traders built up stocks on fresh signs of economic recovery in US and a view that the sell-off was too heavy. China’s new home sales prices were reportedly down for a third straight month in July, indicating the downturn in housing market. The refined copper surplus in China is expected to further widen in 2014 on the back of low demand.

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CAPITAL STROKE COMMODITY UPDATE 19-AUG-2014 :: MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-5820 R1-5750 S1-5680 S2-5600.  Crude oil pared its earlier gains as investor concerns over conflict in Ukraine and Iraq eased, and as higher Libyan oil output added to already ample supplies. Libya's production, disrupted for months by strikes and protests, had risen to 535,000 barrels a day (bpd). Adding to easing tensions and rising output in Libya, prices has been weighed by low demand from refineries in Europe and Asia.


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CAPITAL STROKE COMMODITY UPDATE 19-AUG-2014 : MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-45500 R1-44000 S1-41000 S2-40000

Silver dropped as the threat of an escalation of tensions in Ukraine appeared to wane for now, and a rally in global equity markets weighed prices. 

The minutes of Fed’s July policy meeting due to be published on Wednesday for further clues about the timing of future interest rate hikes.

Apart from geopolitics, investors will be focused an annual meeting of top central bank officials in Jackson Hole from August 21 to 23.

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