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EPIC RESEARCH MCX SILVER UPDATE OF 26 MAY 2015

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Silver trading range for the day is 38593-39473.

Silver swung between small gains and losses in holiday-thinned trade as traders continued to monitor the direction of the dollar.

Trading volumes were expected to remain thin with markets in the U.K., Germany and the U.S. closed for holidays.

Concerns over the prospect of a Greek default continued to dominate market sentiment.
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EPIC RESEARCH MCX ALUMINIUM UPDATE OF 26 MAY 2015

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Aluminium trading range for the day is 109.5-111.1.

Aluminium settled flat as China’s growth stabilizing measures focused market’s attention.

Risk of Greece’s exiting euro zone grew with the upcoming deadline for it to pay its creditors debts.

Technically market is under long liquidation as market has witnessed drop in open interest by -1.79% to settled at 4883
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EPIC RESEARCH MCX NICKEL UPDATE OF 26 MAY 2015

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Nickel trading range for the day is 803.1-819.9.

Nickel prices recovered and ended with gains on prospects of tighter supply and short covering.

China’s nickel ore and concentrate imports rose by 78% m/m and 39% y/y to 3.08Mt in April.

Despite the large increase in April, nickel ore imports are still 60% down from highs reached in November 2013.

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EPIC RESEARCH MCX COPPER UPDATE OF 26 MAY 2015

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Copper trading range for the day is 392.8-403.8.

Copper prices gained buoyed by comments from a Fed official soothed concerns about an imminent start to a higher U.S. rate cycle.

Copper recovered as Peru declared a state of emergency as violent protests against the Tia Maria copper mine continued.

China has pushed a series of stimulus measures to stabilize economy, supporting prices at lower prices.For more information ✆ - 0731-6642300 & Visit http://www.epicresearch.co

EPIC RESEARCH MCX GOLD UPDATE OF 25 MAY 2015

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Gold futures wrapped up the week in bearish mode as prices retreated in the domestic market on Friday after US Federal Reserve Chair Janet Yellen termed a 2015 interest rate hike as “appropriate”, dimming the luster for the precious metal as a store of value. Yellen sees the world’s top central bank raising interest rates for the first time since 2006 this year, if economic data comes in line with forecasts, with a gradual pace of tightening, thereafter. Better than expected US inflation data further bolstered the case for rate tightening in 2015. Core consumer prices in the US climbed 0.3 per cent in April 2015 from the previous month, the biggest gain since January 2013, signaling a pickup in inflationary pressures in the world’s biggest economy. For more information ✆ - 0731-6642300 and Visit http://www.epicresearch.co

EPIC RESEARCH MCX SILVER UPDATE OF 25 MAY 2015

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Silver trading range for the day is 38315-39845.

Silver prices dropped as the dollar trended higher with U.S. consumer inflation rising strongly.

Consumer prices in the U.S. rose in line with estimates in April, although it also showed a bigger than expected increase in core prices.

A tame inflation report could have cemented expectations the Federal Reserve would keep interest rates at zero all summer.For more information ✆ - 0731-6642300 & Visit http://www.epicresearch.co

EPIC RESEARCH MCX COPPER UPDATE OF 25 MAY 2015

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Copper prices plunged in the domestic market on Friday as a stronger dollar took the sheen off the industrial metal by curbing demand for copper as an alternative asset. Stronger greenback makes copper more expensive for those holding other currencies, thus hitting demand. Further, a drop in German business confidence in the month of May 2015 signaled a faltering recovery in Europe’s biggest economy, darkening the demand outlook for industrial metals. The gauge measuring German business sentiment fell for the first time in seven months, dropping to 108.5 in May from 108.6 in April, the Ifo Institute reported. Copper may extend a drop today as investors fret over a 2015 US interest rate hike after Fed Chair Janet Yellen termed a 2015 rate hike as “appropriate”. At the MCX, Copper futures for June 2015 contract closed at Rs 396.50 per 10 gram, down by 1.58 per cent after opening at Rs 402.60, against the previous closing price of Rs 402.85. It touched the intra-day low of Rs 394.65 till the closing.For more information ✆ - 0731-6642300 and Visit http://www.epicresearch.co

EPIC RESEARCH MCX ZINC UPDATE OF 25 MAY 2015

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Zinc futures plunged more than 1 per cent in the domestic market on Friday as investors and speculators exited positions in the industrial metal amid weak physical demand for zinc in the domestic spot market. Investors cast aside data which showed a pickup in growth in the world’s second biggest economy, boding well for the demand outlook for zinc. The China leading index climbed 1.1 per cent in April from March, when it rose 0.5 per cent, the Conference Board said. However, the report warned that “despite April’s gain in the Leading Economic Index for China, its six-month increase rate continues to slow, confirming a soft growth outlook for China’s economy through the summer”, weighing on the base metal. At the MCX, Zinc futures for May 2015 contract closed at Rs 138 per 1 kg, down by 1.22 per cent after opening at Rs 140.10, against the previous closing price of Rs 139.70. It touched the intra-day low of Rs 137.30 till the closing.
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EPIC RESEARCH MCX NATURAL GAS UPDATE OF 25 MAY 2015

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Natural Gas futures plunged more than 2 per cent in the domestic market on Friday as investors and speculators resorted to profit booking in the energy commodity after prices surged in the previous session when a below-than-expected stockpile build in the US reported by the EIA in its latest weekly release bolstered sentiment. Further, mild weather reading across the US limited the demand for the fuel which is used to fire up power plants as warm temperatures bolster the need for cooling at offices and homes. At the MCX, Natural Gas futures for May 2015 contract closed at Rs 184.50 per 1 kg, down by 2.07 per cent after opening at Rs 188.20, against the previous closing price of Rs 188.40. It touched the intra-day low of Rs 183.40 till the closing.For more information ✆ - 0731-6642300 and Visit http://www.epicresearch.co

EPIC RESEARCH MCX NICKEL UPDATE OF 25 MAY 2015

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Nickel trading range for the day is 790.7-839.9.

Nickel dropped as London Metal Exchange stocks hit another record and demand from China's stainless steel sector remained lacklustre.

The Russian Nickel miner Norilsk Nickel stated that LME Nickel inventories are at a ‘turning point’.

Norilsk Nickel forecasts the global demand of the metal to touch 1.969 million mt during this year and 2.050 million mt in 2016.For more information ✆ - 0731-6642300 and Visit http://www.epicresearch.co

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 25 MAY 2015

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Aluminium trading range for the day is 108.7-112.3.

Aluminium settled down as pressure seen on prices as the dollar trended higher with U.S. consumer inflation rising strongly.

On the supply side, operational aluminum capacity in China hit 30.95 million tonnes at the end of April, up some 900,000 tonnes from the end of last year.

Aluminium weekly stocks at Shanghai exchange came down by 464 tonnes.For more information ✆ - 0731-6642300 and Visit http://www.epicresearch.co

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 22 MAY 2015

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Aluminium trading range for the day is 109.8-113.4.

Aluminium prices ended with losses as poor market fundamentals and negative technical side weighed on prices

Data showed that China's HSBC Flash Manufacturing Purchasing Managers' Index inched up to 49.1 this month from 48.9 in April.

The disappointing data added to speculation policymakers will have to introduce further easing measures to jumpstart the economy amid lackluster growth.For more information ✆ - 0731-6642300 & Visit http://www.epicresearch.co

EPIC RESEARCH MCX NICKEL UPDATE OF 22MAY 2015

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Nickel trading range for the day is 810.5-853.1.

Nickel ended with losses as pressure seen on prices after LME stocks reached another record high.

Data showed that China's HSBC Flash Manufacturing Purchasing Managers' Index inched up to 49.1 this month from 48.9 in April.

Inventories available for withdrawal from Shanghai Futures Exchange, known as on-warrant, rose to 3,112 tons.For more information ✆ - 0731-6642300 & Visit http://www.epicresearch.co

EPIC RESEARCH MCX COPPER UPDATE OF 22 MAY 2015

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Copper trading range for the day is 399.7-405.9.

Copper seen supported as weak China factory activity reinforced views that Beijing will roll out fresh stimulus measures for the economy.

LME stocks dropped and have generally stayed level since late March - calling into doubt bets that the market will move into strong surplus this year.For more information ✆ - 0731-6642300 and Visit http://www.epicresearch.co

EPIC RESEARCH MCX SILVER UPDATE OF 22 MAY 2015

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Silver trading range for the day is 38671-39703.

Silver dropped amid downbeat economic data the U.S, Europe and China, as metal traders digested release of Fed’s April meeting

According to the Fed minutes, the timing of a rate hike "would depend on the evolution of economic conditions and the outlook".

In U.S., new jobless claims inched up last week by 10,000 to 274,000, after the figure remained in the 260,000 range over the previous three weeks.For more information ✆ - 0731-6642300 and Visit http://www.epicresearch.co

EPIC RESEARCH MCX ZINC UPDATE OF 22 MAY 2015

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Zinc traders exited positions in the domestic market on Thursday, causing a retreat in prices of the industrial metal which struggled as a slowdown in private sector growth in the Euro area to a three-month low in May and a contraction in manufacturing in China darkened the demand outlook for zinc. The HSBC China manufacturing PMI came in at 49.1 in May, compared to 48.9 in April, with a reading below 50 signaling contraction. Meanwhile, a combined gauge measuring manufacturing and services in the Euro area fell to 53.4 in May from 53.9 in April. At the MCX, Zinc futures for May 2015 contract closed at Rs 139.7 per 1 kg, down by 0.32 per cent after opening at Rs 140.50, against the previous closing price of Rs 140.15. It touched the intra-day low of Rs 138.55 till the closing.For more information ✆ - 0731-6642300 and Visit http://www.epicresearch.co

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 22 MAY 2015

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Natural Gas prices rallied sharply in the domestic and overseas market on Thursday as investors and speculators booked fresh positions in the energy commodity as a smaller than expected uptick in US gas supplies last week signaled a pickup in demand for the fuel used for firing up power plants. US gas stockpiles climbed by 92 billion cubic feet to 1.989 trillion cubic feet in the week ended May 15, 2015, the EIA said, against expectations of a 96 billion cubic feet rise. The five-year average gain stood at 89 billion cubic feet. At the MCX, Natural Gas futures for May 2015 contract closed at Rs 188.4 per 1 kg, up by 1.29 per cent after opening at Rs 186.10, against the previous closing price of Rs 186. It touched the intra-day high of Rs 192.30 till the closinFor more information ✆ - 0731-6642300 and Visit http://www.epicresearch.co

EPIC RESEARCH MCX GOLD UPDATE OF 22 MAY 2015

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The yellow metal succumbed to losses, in the domestic and overseas market, on Thursday as investors remained unsure of when the US Federal Reserve will start raising interest rates for the first time since 2006. A mixed batch of US economic data cast uncertainty over the timing of the Fed’s planned rate lift-off. While weekly jobless claims numbers edged higher, the four-week average, a less volatile figure, fell to a 15-year low at 266,250 in the period ended May 16 from 271,750, a sign that the labour market recovery in the US remains on track. Meanwhile, gains in a US leading index accelerated in April but existing home sales fell last month and manufacturing expansion slowed in May.For more information ✆ - 0731-6642300 and Visit http://www.epicresearch.co

EPIC RESEARCH MCX CRUDE OIL UPDATE OF 22 MAY 2015

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Oil traders indulged in hefty buying activity on Thursday with prices rallying a whopping over 2 per cent in the domestic market as a weaker dollar boosted the demand for the fuel as an alternative asset while shrinking US supplies, and heightened tensions in the Middle East amidst standoff between Iranian warships, and US & Saudi Arabian naval forces off the coast of Yemen threatened to disrupt crude supplies from the oil-rich region. A weaker greenback makes oil cheaper for those holding other currencies, thus bolstering demand. American refineries stepped up their operating capacity for the third time in four weeks, a sign that demand for crude oil is picking up in the world’s biggest fuel consumer.For more information ✆ - 0731-6642300 and Visit http://www.epicresearch.co

EPIC RESEARCH MCX SILVER UPDATE OF 21 MAY 2015

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Silver trading range for the day is 38639-39875.

Silver settled flat gains were muted as the dollar strengthened ahead of minutes from the Federal Reserve's latest policy meeting.

Fed’s Yellen is keeping a close eye on inflationary pressures, after FOMC described inflation as "running below" its targeted annual goal of 2%

Data showed that U.S. housing starts in April rose to the highest level in nearly seven-and-a-half years, while building permits also jumped.For more information ✆ - 0731-6642300 and Visit http://www.epicresearch.co

 
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