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EPIC RESEARCH MCX ALUMINIUM UPDATE OF 24 AUGUST 2016

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Aluminium trading range for the day is 110.6-112.2. Aluminium settled flat on market jitters over the timing of U.S. interest rate rises, dollar direction and strength of demand in China. Aluminum production in China will grow further in August to 2.69 million tonnes due to release of new and restarted capacity. Markets are now looking to a gathering of central bankers on Friday for clues on any U.S. rate hikes. For more Accurate COMMODITY TIPS ✆ – 0731-6642300

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EPIC RESEARCH MCX NATURAL GAS UPDATE OF 24 AUGUST 2016

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Naturalgas trading range for the day is 175.5-188.9. Natural gas rallied above 184 level as forecasts for warmer than normal temperatures across the US in the days ahead. A weather system exiting the northeastern US has left slightly cool temperatures in its wake with highs only in the upper 70s to lower 80s. Overbought conditions will also soon be a factor to put pressure on prices else prices can test 190 level soon. For more Accurate COMMODITY TIPS ✆ – 0731-6642300

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EPIC RESEARCH MCX NICKEL UPDATE OF 24 AUGUST 2016

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Nickel trading range for the day is 679-692.6. Nickel prices ended with losses as pressure seen with a stronger dollar hitting the prices. Global nickel market ended in deficit of 80,800 tonnes in January-June 2016 with apparent demand exceeding production, according to WBMS. Data showed new U.S. single-family home sales unexpectedly rose in July, reaching their highest level in nearly nine years. For more Accurate COMMODITY TIPS ✆ – 0731-6642300
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EPIC RESEARCH MCX ZINC UPDATE OF 24 AUGUST 2016

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Zinc trading range for the day is 153.5-155.5. Zinc prices settled up at 154.75 as lower mine supply has eroded feed for smelters. Worrying the market is a large LME position, holding 40-49 percent of zinc warrants and cash contracts. Chinese imports of zinc contained fell substantially, by 26% with the country’s net imports of refined zinc metal growing by 112%.                         
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EPIC RESEARCH MCX COPPER UPDATE OF 24 AUGUST 2016

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Copper trading range for the day is 310-320.6. Copper prices slipped below 314 level to six-week lows on market jitters over the timing of U.S. interest rate rises. LME copper inventories up nearly 30,000 tonnes since Aug. 17 According to ICSG the copper market saw a deficit of 222,000 tonnes in the first five months of the year.           
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EPIC RESEARCH MCX CRUDE OIL UPDATE OF 24 AUGUST 2016

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Crudeoil trading range for the day is 3094-3328. Crude oil prices ended with gains on report that Iran may support coordinated crude-output freeze. Iraq's prime minister said the country had not yet reached its full oil market share, suggesting his government would not restrain crude output. An attempt to jointly freeze production levels earlier this year failed after Saudi Arabia backed out over Iran's refusal to take part of the initiative. For more Accurate COMMODITY TIPS ✆ – 0731-6642300

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EPIC RESEARCH MCX SILVER UPDATE OF 24 AUGUST 2016

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Silver trading range for the day is 44179-45039. Silver settled flat ahead of a speech by Fed’s Janet Yellen later this week that could provide clues about the timing of a U.S interest rate hike. Data showed new U.S. single-family home sales unexpectedly rose in July, reaching their highest level in nearly nine years. The Fed last week sent mixed messages in the minutes of its July meeting, though some members have suggested that rates could rise in September For more Accurate COMMODITY TIPS ✆ – 0731-6642300

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EPIC RESEARCH MCX GOLD UPDATE OF 24 AUGUST 2016

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Gold trading range for the day is 31197-31501. Gold settled flat as markets shifted focus from comments by Fed official over the weekend to a meeting of global central bankers later this week. U.S. Federal Reserve Chair Janet Yellen may provide more clarity on interest rates in a speech at the meeting of central bankers. Indian gold refiner’s just months ago were ramping up capacity and struggling to secure enough ore from miners.

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EPIC RESEARCH MCX ALUMINIUM UPDATE OF 23 AUGUST 2016

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Aluminium trading range for the day is 110.5-112.1. Aluminium prices settled flat after trading in the range as an upward path for the dollar weighed on prices. Bets that the U.S. Federal Reserve may offer signals that indicate an impending interest rate rise have pulled up the dollar. The latest report published by the WBMS indicates that global primary aluminum market has recorded a marginal deficit during the initial six months of the year.        
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EPIC RESEARCH MCX NATURAL GAS UPDATE OF 23 AUGUST 2016

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Naturalgas trading range for the day is 173.6-184.2. Natural gas rose to a two-week high again as support seen from hotter weather forecasts boosted demand expectations. A weather system with showers and thunderstorms continues to sweep through the northeastern US. Weather outlooks called for “another round of elevated heating and humidity across the eastern U.S.” over the next six to 10 days       
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EPIC RESEARCH MCX NICKEL UPDATE OF 23 AUGUST 2016

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Nickel trading range for the day is 677.2-697.2. Nickel prices dropped tracking LME prices as Philippines mine closures tail off. Philippines is China's top supplier of nickel ore and has suspended eight nickel mines since July 8 in a clampdown on polluters. The nickel market deficit widened to 11,800 tonnes in June taking the total shortfall so far this year to 36,800 tonnes, data from the INSG showed.          
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EPIC RESEARCH MCX ZINC UPDATE OF 23 AUGUST 2016

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Zinc trading range for the day is 152-154.8. Zinc settled flat as pressure seen as dollar gained after hawkish comments from Fed official after prices seen supported on escalating concern about mine supplies. Lower mine supplies mean China imports less concentrate and produces less zinc, which means consumers will have to import more metal China's reliance on domestic zinc concentrate has risen to nearly 90% from a previous 70-80% range. For more Accurate COMMODITY TIPS ✆ – 0731-6642300

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EPIC RESEARCH MCX COPPER UPDATE OF 23 AUGUST 2016

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Copper trading range for the day is 314.2-323.2. Copper edged down in the face of a stronger dollar and as glut-hit China ramped up its exports of the metal. Exports of unwrought copper and copper products from China stood at 75,022 tonnes in July, a more-than-fivefold increase from the same month a year earlier. Hedge funds and money managers switched back to a net long position in copper futures and options in the week to Aug. 16, U.S. CFTC data showed. For more Accurate COMMODITY TIPS ✆ – 0731-6642300

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EPIC RESEARCH MCX CRUDE OIL UPDATE OF 23 AUGUST 2016

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Crudeoil trading range for the day is 3145-3329. Crude dropped on worries about burgeoning Chinese fuel exports, more Iraqi and Nigerian crude shipments and a rising US oil rig count. Iraq plans this week to increase exports of Kirkuk crude by 150,000 bpd from its northern fields Prices rallied on speculation Saudi and the rest of the OPEC will agree to a production freeze with Russia and other non-OPEC members.           
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EPIC RESEARCH MCX SILVER UPDATE OF 23 AUGUST 2016

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Silver trading range for the day is 43889-45571. Silver dropped as the dollar strengthened after comments from U.S. Federal Reserve officials increased bets on a U.S. rate hike this year. Fed’s Williams said last week that he would like to see another rate increase "sooner rather than later." Holdings at ishares silver trust gained by 0.94% i.e. 103.40 tonnes to 11159.74 tonnes from 11056.34 tonnes. For more Accurate COMMODITY TIPS ✆ – 0731-6642300

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