CAPITAL STROKE COMMODITY UPDATE 29-SEP-2014 :: MCX COPPER

Copper trading range for the day is 412.6-421.4.

Copper dropped on worries over an expected supply surge and weak demand from top consumer China.

Prices were also under pressure after China raised speculation of stockpiles returning to the market.

For the first six months of the year, the copper market was in a 526,000 tonnes deficit- ICSG said.

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CAPITAL STROKE COMMODITY UPDATE 29-SEP-2014 :: MCX CRUDE OIL

Crudeoil trading range for the day is 5632-5854.

Crude oil prices ended with gains on supportive economic data from the United States and concerns about the Middle East conflicts

Libya's output has reached 925,000 bpd, the highest since militias turned on each other after the overthrow of Muammar Gaddafi.

Saudi Arabia is likely to keep its oil output steady throughout the rest of the year as world oil consumption is expected to rise.

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CAPITAL STROKE COMMODITY UPDATE 29-SEP-2014 : MCX ZINC

Zinc trading range for the day is 138-140.4.

Zinc settled flat as prices recovered from lows on speculation that demand will improve after a report showed the economy expanded.

Gross domestic product climbed 4.6 percent in the second quarter, up from an earlier estimate of 4.2 percent

Zinc weekly stocks at Shanghai exchange came down by 8132 tonnes.

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CAPITAL STROKE COMMODITY UPDATE 29-SEP-2014 : MCX NICKEL

Nickel trading range for the day is 1010.3-1076.3.

Nickel settled down -2.26% at 1034 as a result of slowing stockpile gains

China's economy got off to a weak start this year as first-quarter growth cooled to a six-quarter low of 7.4 percent.

Expectations that U.S. and European central banks may maintain an easier policy for longer have underpinned metals prices.

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CAPITAL STROKE COMMODITY UPDATE 29-SEP-2014 : MCX NATURAL GAS

Naturalgas trading range for the day is 242.5-251.7.

Natural gas gained after updated weather-forecasting models continued to call for cooler temperatures to trek across the U.S. in October.

The next two weeks will likely see builds in the triple digits as mild temps for this and the following week ease both heating and cooling.

The figure represents the 23rd straight week of above-average injections, and with 2.988 tcf of natural gas in storage.

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CAPITAL STROKE COMMODITY UPDATE 29-SEP-2014 : MCX ALUMINIUM

Aluminium trading range for the day is 117.1-119.3.

Aluminium settled down as pressure seen after Euro zone economic data released were sluggish.

Higher aluminium prices have prompted some Chinese smelters to abandon production cutbacks and are seen leading to restarts of other plants.

Aluminium weekly stocks at Shanghai exchange came down by 21722 tonnes.

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CAPITAL STROKE COMMODITY UPDATE 29-SEP-2014 : MCX SILVER

Silver trading range for the day is 38634-39900.

Silver prices seen under pressure after upbeat U.S. growth sent both the dollar and U.S. stock indices rising.

The Commerce Department said U.S. gross domestic product expanded at an annual rate of 4.6% in the second quarter.

Holdings at ishares silver trust gained by 0.22% i.e. 23.86 tonnes to 10738.29 tonnes from 10738.29 tonnes.

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CAPITAL STROKE COMMODITY UPDATE 29-SEP-2014 : MCX GOLD

Gold trading range for the day is 26512-27276.

Gold dropped as investors remained wary that a strong dollar and rebounding shares could drive prices.

The bigger impact on gold prices could still come from economic data, with U.S. September non-farm payrolls figures due on Oct. 3.

SPDR gold trust holdings dropped by 1.20 tonnes i.e. 0.16% to 772.25 tonnes from 773.45 tonnes.

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CAPITAL STROKE UPDATE 26 September-2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27400 R1-27100 S1-26400 S2-26100

Gold rose rebounding sharply from lows as investors sought safety in the precious metal amid a global stock market meltdown.

In economic news, initial claims for unemployment benefits in the US showed a modest rebound last week.
IMF data shows Russia, Ukraine and Turkey increased their gold holdings in August. Mexico reduced its own.


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CAPITAL STROKE UPDATE 26-September-2014: MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-42000 R1-40500 S1-38000
S2-36500

Silver settled flat recovering from lows as sharp sell-off in equities prompted investors to buy bullion as a safe haven.

Hawkish comments out of the Federal Reserve boosted the dollar and allowed for choppy trading at times.

U.S. Labor Department report showed jobless claims to have climbed less than expected to 293,000 in the week ended September 20.


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