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EPIC RESEARCH MCX ALUMINIUM UPDATE OF 29 SEPTEMBER 2016

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Aluminium trading range for the day is 108.3-110.7. Aluminium gained amid good demand from Europe, with premiums in that region continuing to trend higher. Semi-finished aluminium goods in China are being turned back into metal, highlighting a supply overhang. Aluminum daily stocks at Shanghai exchange came down by 2235 tonnes. For more Accurate COMMODITY TIPS ✆ – 0731-6642300

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EPIC RESEARCH MCX NATURAL GAS UPDATE OF 29 SEPTEMBER 2016

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Natural gas trading range for the day is 192.6-205.8. Naturalgas prices fell on expectations that demand for the fuel would decline as temperatures cool. Pressure seen as the weather cools down in the coming weeks, consumption is expected to fall. Tonight's weekly supply data is expected to show a build of approximately 56bcf in the week ended September 23.
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EPIC RESEARCH MCX NICKEL UPDATE OF 29 SEPTEMBER 2016

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Nickel trading range for the day is 693.8-717.2. Nickel gained after the Philippines said 20 more mines may be suspended for environmental violations, threatening supply. Suspending another 20 would leave only 11 operating mines in the Southeast Asian country, accounting for nearly a quarter of world's supply. Goldman Sachs estimate about 223,000 tonnes of nickel output or 11 percent of global supply could be suspended.
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EPIC RESEARCH MCX ZINC UPDATE OF 29 SEPTEMBER 2016

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Zinc trading range for the day is 152.2-156.8. Zinc prices gained as support seen after stocks and cancelled warrants both fell 825 tonnes to 440,650 tonnes and 27,875 tonnes respectively. Nyrstar will restart its Tennessee zinc mine, with output at its full capacity of 50,000 tonnes per year expected by November 2017. Zinc has surged 44 percent this year, the best metals performer of 2016, amid tightness in supply due to mine depletion and closures. For more Accurate COMMODITY TIPS ✆ – 0731-6642300

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EPIC RESEARCH MCX COPPER UPDATE OF 29 SEPTEMBER 2016

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Copper trading range for the day is 320.8-326.8. Copper prices ended with gains as sentiments improved due to the release of better-than-expected economic data from China. According to data ICSG, the refined copper balance in 1H16 was a deficit of 306,000 metric tons. Inventories tracked by the LME expanded to the highest since December 2013 amid increases in Asia. For more Accurate COMMODITY TIPS ✆ – 0731-6642300

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EPIC RESEARCH MCX CRUDE OIL UPDATE OF 29 SEPTEMBER 2016

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Crude oil trading range for the day is 2924-3138. Crude surged to settled up amid speculation that OPEC will soon agree to curb production. OPEC agreed to production curbs under a formula to cut output to a range of 32.5mbls to 33mbpd from 33.4mbls. EIA showed crude inventories fell by 1.9mbls in the week to Sept. 23, while Gasoline stocks rose by 2mbls.
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EPIC RESEARCH MCX SILVER UPDATE OF 29 SEPTEMBER 2016

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Silver trading range for the day is 45040-45972. Silver rose as Fed Chair Janet Yellen avoided a hard timeline for a rate hike, though a colleague did suggest the topic was up for discussion in November. Fed’s Evans said that raising rates because of financial stability concerns could leave the U.S. central bank less able to reach its inflation target. Holdings at ishares silver trust dropped by 0.44% i.e. 50.02 tonnes to 11287.75 tonnes from 11337.95 tonnes.
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EPIC RESEARCH MCX GOLD UPDATE OF 29 SEPTEMBER 2016

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Gold trading range for the day is 30780-31126. Gold prices dropped as the dollar firmed and investors assessed Federal Reserve Chair Janet Yellen's testimony before a Congressional committee. The Fed is considering changing the annual stress tests it gives to U.S. banks to see if they can withstand a massive financial crisis, Yellen said. ECB rejected German criticism that sub-zero interest rates were impoverishing savers and straining top lender Deutsche Bank.For more Accurate COMMODITY TIPS ✆ – 0731-6642300

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EPIC RESEARCH MCX ALUMINIUM UPDATE OF 28 SEPTEMBER 2016

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Aluminium trading range for the day is 107.3-111.1. Aluminium prices dropped on profit booking after prices gained good demand from Europe, with premiums in that region continuing to trend higher. U.S. consumer confidence improved, while the service sector survey also came in better than expected. Aluminum daily stocks at Shanghai exchange came down by 1455 tonnes.
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EPIC RESEARCH MCX NATURAL GAS UPDATE OF 28 SEPTEMBER 2016

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Natural gas trading range for the day is 200.8-207. Natural gas dropped as prices continued to draw support from forecasts showing unusually warm temperatures across most parts. Prices also seen pressure as traders react to the reality that higher summer demand for the commodity is coming to an end. Total U.S. natural gas in storage currently stands at 3.551 trillion cubic feet, according to the U.S. Energy Information Administration.
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EPIC RESEARCH MCX NICKEL UPDATE OF 28 SEPTEMBER 2016

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Nickel trading range for the day is 669-735.6. Nickel gained to settled with 1% gain as worries about tight supplies were reinforced by the Philippine government. Thirty mines in the Philippines, including 18 nickel producers, have now either been suspended or recommended for suspension. While concerns over slowing demand however are weighing on industrial metals.
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EPIC RESEARCH MCX ZINC UPDATE OF 28 SEPTEMBER 2016

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Zinc trading range for the day is 149.1-157.3. Zinc gains as support continues after Chinese economic data indicated a firmer tone to the housing market and a revival in factory activity. A recent report from the ILZSG found the global market for refined zinc was in deficit from January to July. Global zinc mine production declined 6.1% during the same period, which mostly was due to substantial reductions in India, Australia, Ireland and Peru.
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EPIC RESEARCH MCX COPPER UPDATE OF 28 SEPTEMBER 2016

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Copper trading range for the day is 318.6-327.8. Copper prices dropped amid concern about the potential for a rising market surplus due to higher than expected supplies this year. The Federal Reserve can raise interest rates without threatening the U.S. economic recovery, a top Fed policymaker said. U.S. single-family home prices rose slightly less than expected on an annual basis in July.         
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EPIC RESEARCH MCX CRUDE OIL UPDATE OF 28 SEPTEMBER 2016

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Crude oil trading range for the day is 2884-3112. Crude oil dropped sharply after both Iran and Saudi Arabia played down expectations for a deal to freeze or cut oil production. Saudi Arabia's Energy Minister Khalid al-Falih said that talks among OPEC and non-OPEC oil producers in Algiers this week are consultative. Oil prices drew support from data from industry group the American Petroleum Institute that showed crude stocks fell 752,000 barrels. For more Accurate COMMODITY TIPS ✆ – 0731-6642300

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EPIC RESEARCH MCX SILVER UPDATE OF 28 SEPTEMBER 2016

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Silver trading range for the day is 44675-46857. Silver dropped as market sentiment improved amid the view that U.S. presidential candidate Hillary Clinton did better than her rival Donald Trump in debate. The Federal Reserve held off on raising interest rates and scaled back the number of rate hikes it expects next year. U.S. consumer confidence improved, while the service sector survey also came in better than expected.
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