Buy Aluminium APR @ 354 SL 351 TGT 357-359. MCX - Kedia Advisory
Aluminium
BUY ALUMINIUM APR @ 354 SL 351 TGT 357-359. MCX
Observations
Aluminium trading range for the day is 348.5-361.1.
Aluminium prices rose as the key aluminium spread on LME jumped at $81 a ton, its highest since 2007.
Emirates Global Aluminium says full production recovery from attack could take a year
LME warehouse inventories falling to 418,675 tonnes as of March 27, the lowest level since July 2025.
Copper
BUY COPPER APR @ 1155 SL 1145 TGT 1165-1175. MCX
Observations
Copper trading range for the day is 1146.9-1174.1.
Copper dropped as investors remained cautious over the Middle East war.
Goldman Sachs raises 2026 copper surplus forecast, cuts price outlook
Chile, exported $5.16 billion worth of the metal in March, up 14% from a year earlier.
Zinc
BUY ZINC APR @ 327 SL 324 TGT 331-334. MCX
Observations
Zinc trading range for the day is 319.5-336.1.
Zinc rose with investors becoming increasingly cautious ahead of President Trump’s deadline for Iran to agree to a peace deal.
PBOC withdrew cash from the financial system for the first time in a year
China's central bank pledged to maintain appropriately loose monetary policy.
