Zinc trading range for the day is 218-226 - Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
ALUMINIUM
Observations
Aluminium trading range for the day is 198.5-203.5
Aluminium gains as China’s policies promote real estate, automobile to pick up.
However, the resumption of aluminium production in Yunnan is speeding up
Japan buyers agree to pay Q3 aluminium premium of $127.5/T.
BUY ALUMINIUM Aug 2023 @ 200 SL 198 TGT 202-204. MCX
COPPER
Observations
Copper trading range for the day is 729.2-755.2
Copper gains amid persistent concerns over tight supply and increasing demand.
Chilean miner Codelco revised its output projections by 70,000 tonnes to 1.31-1.35 million tonnes this year
Copper market in 65,000 metric tons deficit in May 2023 – ICSG
BUY COPPER Aug 2023 @ 742 SL 737 TGT 748-752. MCX
ZINC
Observations
Zinc trading range for the day is 218-226
Zinc gains as China’s government promised to the stabilization of economy.
The World Bank have raised their expectations for China's economy growth this year.
The global zinc market surplus slipped to 53,000 metric tons in May, down from 64,000 tons a month earlier
BUY ZINC Aug 2023 @ 221 SL 218 TGT 224-226. MCX
To Read Complete Report & Disclaimer Click Here
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
