Sell Copper SEP @ 740 SL 745 TGT 735-732. MCX - Kedia Advisory
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ALUMINIUM
OBSERVATIONS
Aluminium trading range for the day is 199.2-204.
Aluminium down as Yunnan boosts energy-intensive production post power curbs
Data shows that the cancelled warehouse receipts of LME aluminum have increased compared to last month
Domestic favorable policies wield boosting effects on markets significantly.
SELL ALUMINIUM SEP @ 203 SL 205 TGT 201-199. MCX
COPPER
OBSERVATIONS
Copper trading range for the day is 728.5-747.5.
Copper dropped as copper inventory across major Chinese markets up 11,200 mt.
Chile's copper production up 1.7% in July
Global demand for copper will be aided by the electric vehicle market and a fast-growing India economy.
SELL COPPER SEP @ 740 SL 745 TGT 735-732. MCX
ZINC
OBSERVATIONS
Zinc trading range for the day is 218.5-222.1.
Zinc dropped as poor economic data from China continued to pressure.
China's central bank and financial regulator issued notices to ease some borrowing rules to aid homebuyers
Global zinc market surplus rises in June to 76,000 tons – ILZSG
SELL ZINC SEP @ 222 SL 224 TGT 219-217. MCX
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