Buy Aluminium APR @ 339 SL 337 TGT 342-344. MCX - Kedia Advisory
Aluminium
BUY ALUMINIUM APR @ 339 SL 337 TGT 342-344. MCX
Observations
Aluminium trading range for the day is 334.1-343.7.
Aluminium gained amid worries about exports from Gulf region producers, caused concerns over near-term availability.
Japanese aluminium buyers agreed to pay premiums of $350 per metric ton for shipments between April and June, the highest in 11 years.
Aluminium inventories in warehouses monitored by the Shanghai Futures Exchange rose 0.6% from last Friday, the exchange said.
Copper
SELL COPPER APR @ 1158 SL 1168 TGT 1145-1135. MCX
Observations
Copper trading range for the day is 1133.5-1167.5.
Copper rose supported by hopes for a diplomatic resolution between the US and Iran.
President Donald Trump extended the deadline to strike Iranian energy infrastructure by 10 days to allow for negotiations.
Copper market in 17,000 metric tons surplus in Jan 2026 – ICSG
Zinc
SELL ZINC APR @ 318 SL 321 TGT 315-312. MCX
Observations
Zinc trading range for the day is 309.2-319.
Zinc rose as inventories in warehouses monitored by the Shanghai Futures Exchange fell 2.3% from last Friday.
Support seen following U.S. President Donald Trump's statements this week on pausing attacks on Iran's energy plants.
Support also seen due to ongoing concerns about tight supply and historically low inventories in certain regions.
