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EPIC RESEARCH MCX ALUMINIUM UPDATE OF 30 JUNE 2016

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Aluminium trading range for the day is 108.6-110.4.      
Aluminium prices settled flat as producers sold to lock in firmer prices, despite of 0.7% rise in LME prices.        
There was also concern that China, after signs of curbing aluminium output late last year, was gradually increasing output again.  
Aluminum daily stocks at Shanghai exchange came down by 1766 tonnes.
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EPIC RESEARCH MCX NATURAL GAS UPDATE OF 30 JUNE 2016

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Naturalgas trading range for the day is 187-204.6.          
Natural Gas prices dropped on profit booking after prices testing 201.40 after news that a Mississippi gas plant explosion has curtailed over 1 Bcf/d of production.            
Prices rallied to hit the highest level in more than a year as hot summer temperatures across most parts of the US raised expectations for power generation demand.    
Updated weather forecasting models suggested that temperatures may be hotter than normal throughout most of the contiguous U.S. from July 8 through July 12.
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EPIC RESEARCH MCX NICKEL UPDATE OF 30 JUNE 2016

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Nickel trading range for the day is 619.8-641.    
Nickel gained as the dollar eased following recent gains in the wake of Britain's stunning vote to leave the European Union.
Prices also seen supported after Chinese Premier Li Keqiang said the nation would act to ensure stability.      
U.S. consumer spending rose for a second straight month in May on increased demand for automobiles and other goods.
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EPIC RESEARCH MCX ZINC UPDATE OF 30 JUNE 2016

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Zinc trading range for the day is 138.3-142.1.    
Zinc prices recovered from lows to settle flat as the dollar gave up some of its gains made since the Brexit vote last week.              
Markets were supported by Chinese stimulus measures, helping offset pressure from a wave of new supply.
China's infrastructure investment in the first five months of 2016 grew 19.8 percent year-on-year, accelerating slightly from Jan-April.
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EPIC RESEARCH MCX COPPER UPDATE OF 30 JUNE 2016

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Copper trading range for the day is 320.8-328.2.              
Copper gained bolstered by a softer dollar and fading fears about Britain's vote to exit the European Union.    
After touching a low of $4,588 after the UK Brexit vote, copper has rallied more than 5 percent as investors bought futures to cancel short positions.        Copper stocks on the Shanghai Futures Exchange have dropped by 60 percent since March, LME stocks surged by nearly 40 percent in early June.
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EPIC RESEARCH MCX CRUDE OIL UPDATE OF 30 JUNE 2016

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Crudeoil trading range for the day is 3199-3417.              
Crude oil gained supported by a larger-than-expected drawdown in U.S. crude inventories and a potential strike in Norway and crisis in Venezuela threatened to cut supply.          
The U.S. EIA reported that crude stockpiles fell 4.1 million barrels in the week to June 24, the sixth consecutive week of drawdowns.      
API indicated in a report that U.S. crude inventories fell nearly 4 million barrels for the week to June 24.
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EPIC RESEARCH MCX SILVER UPDATE OF 30 JUNE 2016

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Silver trading range for the day is 42260-43880.
Silver gained on technically related buying as the bulls remain in firm near-term control of the charts.              
Bulls are also encouraged by safe-haven gold’s ability to show resilience amid better risk appetite in the marketplace at mid-week.        
U.S. consumer spending rose for a second straight month in May on increased demand for automobiles and other goods.
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EPIC RESEARCH MCX GOLD UPDATE OF 30 JUNE 2016

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Gold trading range for the day is 31136-31548.
Gold traded in the range while sentiments remain firm as the dollar retreated and investor appetite for safe assets continued.        
European leaders have asked Britain to act quickly to resolve the political and economic confusion unleashed by its vote to exit the EU  
SPDR gold trust holdings gained by 0.28% i.e. 2.67 tonnes to 950.05 tonnes from 947.38 tonnes.
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EPIC RESEARCH MCX ALUMINIUM UPDATE OF 29 JUNE 2016

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Aluminium trading range for the day is 107.5-111.3.      
Aluminium prices rallied boosted by growing expectations of monetary stimulus and a weaker dollar
Morgan Stanley expects demand growth of 3.6% this year combined with supply discipline will mean the aluminium market has a small surplus of 34,000 tonnes this year.  
Aluminum daily stocks at Shanghai exchange came down by 2492 tonnes.


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EPIC RESEARCH MCX NATURAL GAS UPDATE OF 29 JUNE 2016

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Naturalgas trading range for the day is 182.9-202.7.        
Natural Gas prices rally to settled above 195 level on plant explosion and Weather outlook for hot temperatures in next two weeks        
Updated forecasts released Monday said temperatures may be hotter than normal throughout most of the contiguous U.S. from July 8 through July 12.      Demand for natural gas tends to rise in the summer months as warmer temperatures increase the need for gas-fired electricity to power air conditioning.

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EPIC RESEARCH MCX NICKEL UPDATE OF 29 JUNE 2016

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Nickel trading range for the day is 606-643.4.    
Nickel prices gained as investors bet on more global stimulus measures after Britain's shock vote to leave the European Union.
Nickel prices gained as sentiments improved after the report from BMI suggested that it maintained its refined nickel price forecast at $9000/t in 2016              
Prices also remained supported on hopes countries would bring in new measures to soothe uncertainty after Britain's referendum.


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EPIC RESEARCH MCX ZINC UPDATE OF 29 JUNE 2016

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Zinc trading range for the day is 134.6-144.2.    
Zinc prices gained tracking firmness in LME prices on expectations of tighter markets due to mine closures.    
The possibility of monetary policy easing in Britain and in China have also helped sentiment.
Zinc daily stocks at Shanghai exchange came down by 801 tonnes.


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EPIC RESEARCH MCX COPPER UPDATE OF 29 JUNE 2016

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Copper trading range for the day is 317.1-330.7.              
Copper climbed as the dollar slipped and markets continued to digest the implications of Britain's vote to exit the European Union.            
Copper has found support as Chinese buyers emerged following news that regulators there would support the yuan.
ECB President told EU leaders that Britain's decision to leave the EU could reduce euro zone growth by a cumulative 0.3 to 0.5 percent.


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EPIC RESEARCH MCX CRUDE OIL UPDATE OF 29 JUNE 2016

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Crudeoil trading range for the day is 3099-3319.              
Crude oil gained amid a looming strike in Norway threatened to cut output in Western Europe's biggest producer.      
About 755 Norwegian workers on seven oil and gas fields could go on strike from Saturday, hitting output if a new wage deal is not agreed before a Friday deadline.      
Combined oil output was about 285,000 barrels per day in the first four months of the year.


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EPIC RESEARCH MCX SILVER UPDATE OF 29 JUNE 2016

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Silver trading range for the day is 41626-42798.
Silver prices ended with small gains supported by firmness in base metals and crude oil prices.            
Brexit news raised concerns that other countries might leave the union and that global growth would come under significant pressure      
Holdings at ishares silver trust gained by 0.23% i.e. 23.65 tonnes to 10374.41 tonnes from 10350.76 tonnes.


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