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EPIC RESEARCH MCX ALUMINIUM UPDATE OF 29 JULY 2016

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Aluminium trading range for the day is 106.1-107.7.       
Aluminium climbed away from its lowest level after the US Fed stopped short of signalling a near-term interest rate rise.                
Rusal reported a 5% rise in half-year aluminium sales volumes mainly due to the start-up of its Boguchansky smelter. 
Norway's Norsk Hydro has just revised upwards its Chinese demand growth forecast for this year to 5-7 percent

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EPIC RESEARCH MCX NATURAL GAS UPDATE OF 29 JULY 2016

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Naturalgas trading range for the day is 173.3-205.1.         
Natural gas surged +7.41% to their biggest daily gains in 2016 after EIA shown supply is declining.           
EIA said stockpiles grew by 17bcf during the week ended Friday, the smallest increase for a summer week since 2006.               
Hot summer temperatures are expected to continue over the Lower 48 states through the weekend, except in the Great Lakes area.

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EPIC RESEARCH MCX NICKEL UPDATE OF 29 JULY 2016

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Nickel trading range for the day is 691.2-728.8.
Nickel rallied more than 3% on track for more than 12 percent gains in July as the Philippines cracks down on polluting mines.
Philippine President Rodrigo Duterte, has warned he could cancel mining projects causing environmental harm.        
Clues to Chinese demand will come on Monday from surveys of purchasing managers in manufacturing, which probably struggled in July. - See more at: http://investmentguruindia.com/CommoditiesReports/Gold-trading-range-for-the-day-is-30760-31420---Kedia#sthash.8Q4baADh.dpuf
Nickel trading range for the day is 691.2-728.8.   Nickel rallied more than 3% on track for more than 12 percent gains in July as the Philippines cracks down on polluting mines.  
Philippine President Rodrigo Duterte, has warned he could cancel mining projects causing environmental harm.           
Clues to Chinese demand will come on Monday from surveys of purchasing managers in manufacturing, which probably struggled in July.

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EPIC RESEARCH MCX ZINC UPDATE OF 29 JULY 2016

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Zinc trading range for the day is 144.7-149.5.      
Zinc recouped from Wednesday’s losses supported by a weaker dollar after Fed's statement last night.              
Goldman says the global Zinc shortage will expand to 360,000 tons in 2017 from 114,000 tons this year.                
Chinese-owned MMG Ltd. is seeking new zinc mines in Peru, after a dearth of global exploration in past decades led to an output crunch.

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EPIC RESEARCH MCX COPPER UPDATE OF 29 JULY 2016

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Copper trading range for the day is 325.3-332.9.                
Copper trimmed losses as the dollar fell after the US Federal Reserve stopped short of signalling a near-term interest rate rise.       
Demand for copper in China, has fallen sharply in recent years as growth and investment spending has slowed.              Traders are looking forward the big news for copper will be Chinese economic data due next week.

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EPIC RESEARCH MCX CRUDE OIL UPDATE OF 29 JULY 2016

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Crudeoil trading range for the day is 2713-2875.                
Crude oil dropped as producers continued to pump more than needed, filling inventories, and economic growth prospects darkened.      
U.S. oil has been under pressure in recent weeks as signs of an ongoing recovery in U.S. drilling activity combined with elevated stocks of fuel products weighed.          
Because of ongoing oversupply, U.S. bank Goldman Sachs said this week that it did not expect a big recovery in prices any time soon.

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EPIC RESEARCH MCX SILVER UPDATE OF 29 JULY 2016

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Silver trading range for the day is 46543-48531. 
Silver pared gains as market players digested signals that Fed could avoid a near-term interest rate hike and looked ahead to meeting from the Bank of Japan.          
The number of Americans filing for unemployment benefits rose more than expected last week           
 Holdings at ishares silver trust gained by 0.33% i.e. 35.46 tonnes to 10877.53 tonnes from 10842.07 tonnes.

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EPIC RESEARCH MCX GOLD UPDATE OF 29 JULY 2016

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Gold trading range for the day is 30760-31420.   
Gold pared gains after prices rose as the Federal Reserve gave no indication whether it would raise rates at its next meeting in September.                 The Fed left interest rates unchanged on Wednesday and said near-term risks to the U.S. economic outlook had diminished.       
Holdings of the world's largest gold-backed exchange-traded fund, SPDR Gold Shares have seen an outflow of nearly 28 tonnes in the last three weeks.

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EPIC RESEARCH MCX ALUMINIUM UPDATE OF 28 JULY 2016

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Aluminium trading range for the day is 105.7-107.3.      
Aluminium prices dropped below 106.50 on persistent worries about oversupply from China  
Chinese smelter restarts there units which previously shutdowns due to the price recovery.  
Also the new capacity coming on line again helps bring sufficient output to meet the demand.


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EPIC RESEARCH MCX NATURAL GAS UPDATE OF 28 JULY 2016

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Naturalgas trading range for the day is 176.3-186.1.        
Natural gas dropped but holds 180 level mark on mixed signals from forecasts for hot weather and a stock surplus.      
Weather reports show above-average temperatures extending across the country into August, a positive sign for demand.            
Tonight weekly inventory data due from the EIA & data likely to show storage levels grew by 27bcf.


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EPIC RESEARCH MCX NICKEL UPDATE OF 28 JULY 2016

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Nickel trading range for the day is 681.6-707.2.
Nickel drop to hold below 700 level as sentiment soured in China and pressure seen Beijing officials warned about asset bubbles              
China's manufacturing sector struggled for growth in July, adding to expectations that Beijing will step up measures to boost growth.  
Nickel imports in China have surged by 189% to a record 226,100 mt in the first half of the year.


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EPIC RESEARCH MCX ZINC UPDATE OF 28 JULY 2016

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Zinc trading range for the day is 142.5-151.5.    
Zinc prices dropped as weaker oil prices heightened concerns over the health of the global economy.
The International Lead and Zinc Study Group said the market was in a 68,700 metric-ton deficit in May.              
The International Lead and Zinc Study Group said the market was in a 68,700 metric-ton deficit in May.


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EPIC RESEARCH MCX COPPER UPDATE OF 28 JULY 2016

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Copper trading range for the day is 321.3-335.1.              
Copper dropped to near 1 week lows as sentiments soured in China, also declined due to supply concerns, as mines ramp up in Peru.        
Entire base metals complex was pressured by a stronger dollar ahead of the US central bank decision on interest rates.              
Copper output in Peru surged 61 percent in May compared with the same month in 2015.


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EPIC RESEARCH MCX CRUDE OIL UPDATE OF 28 JULY 2016

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Crudeoil trading range for the day is 2760-2954.              
Crude oil prices dropped as pressure seen after the weekly US government report revealed an unexpected build in US crude inventories.        
The U.S. Energy Information Administration said in its weekly report that crude oil inventories rose by 1.7 million barrels in the week ended July 22.      Supplies at Cushing, Oklahoma, the key delivery point for Nymex crude, rose by 1.11 million barrels last week, the EIA said.
 
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