BUY ALUMINIUM DEC @ 199 SL 197.5 TGT 201-202.5. MCX - Kedia Advisory
ALUMINIUM
OBSERVATIONS
Aluminium trading range for the day is 198.7-202.3.
Aluminium prices slipped as the U.S. dollar strengthened but supply worries capped further losses
A global aluminium producer has offered Japanese buyers a premium of $95 per metric ton for January-March primary metal shipments
Global aluminium output rises 3.9% year on year in October – IAI
BUY ALUMINIUM DEC @ 199 SL 197.5 TGT 201-202.5. MCX
COPPER
OBSERVATIONS
Copper trading range for the day is 716.6-727.2.
Copper dropped mainly due to a stronger US dollar outweighing concerns about tighter metal supply.
China Manufacturing PMI unexpectedly increased in November, raising hopes the manufacturing sector is finally picking up.
The global refined copper market showed a 55,000 metric tons deficit in September - ICSG
BUY COPPER DEC @ 717 SL 714 TGT 721-724. MCX
ZINC
OBSERVATIONS
Zinc trading range for the day is 217-227.
Zinc prices dropped on profit booking as signs of robust supply alleviated concerns about mine closures.
LME warehouse zinc inventories surged to 226,250 at the end of November, hitting a more-than-two-year high
The fall in prices was limited by hopes of economic recovery in China after a set of stimulus measures from Beijing
BUY ZINC DEC @ 219 SL 217 TGT 222-224. MCX
