Buy Aluminium Aug @ 337 SL 334 TGT 340-343. MCX -Kedia Advisory
Aluminium
BUY ALUMINIUM AUG @ 337 SL 334 TGT 340-343. MCX
Observations
Aluminium trading range for the day is 333.2-341.4.
Aluminium rose as tensions in the Middle East escalated, inflating worries about metal supplies from the Gulf region.
Aluminium market is betting that increased exports from China and Indonesia can offset the loss of production in the Gulf region.
Available LME aluminium stocks are at a 16-month low of 245,350 tons, and are dominated by Russian-made metal.
Copper
BUY COPPER AUG @ 1320 SL 1310 TGT 1330-1340. MCX
Observations
Copper trading range for the day is 1312.2-1331.8.
Copper fell ahead of a Federal Reserve interest rate decision and signs of easing supply tightness.
Glencore said first-half copper production rose 15% on higher grades at key operations.
China's net imports of refined copper fell by 13% year-on-year to 1.374 million metric tons in the first half of 2026 - WBMS
Zinc
BUY ZINC AUG @ 375 SL 372 TGT 378-380. MCX
Observations
Zinc trading range for the day is 374.3-378.7.
Zinc dropped contending with demand worries and a strong dollar.
China's net imports of refined zinc collapsed by 79% year-on-year to just 38,000 tons in January to June – WBMS
The cash LME zinc contract was trading at $73.27 a metric ton premium over three-month forward, widening from just under $50.
