Buy Aluminium Feb @ 261 SL 259 TGT 263-265. MCX - Kedia Advisory
Aluminium
BUY ALUMINIUM FEB @ 261 SL 259 TGT 263-265. MCX
Observations
Aluminium trading range for the day is 256.3-265.5.
Aluminium prices gains helped by supply tightness
Aluminium inventories in warehouses monitored by the Shanghai Futures Exchange dropped -4.9%
Japan aluminium premiums likely to stay high, adding to inflation
Copper
BUY COPPER FEB @ 866 SL 862 TGT 870-874. MCX
Observations
Copper trading range for the day is 857.5-874.3.
Copper gains after U.S. President announced plans for reciprocal tariffs, which will not be immediately implemented.
Traders weighed the impact of President Xi Jinping’s pledge to support the private sector during a private meeting with top business figures.
PBOC Governor Pan reiterated that the central bank will let the market play a key role in setting the yuan’s exchange rate
Zinc
BUY ZINC FEB @ 269 SL 267 TGT 271-273. MCX
Observations
Zinc trading range for the day is 267.3-271.7.
Zinc gains after U.S. President Trump announced plans for reciprocal tariffs, which will not be immediately implemented.
Zinc inventories in warehouses monitored by the Shanghai Futures Exchange rose 70.5% from last Friday, the exchange said.
PBOC said in its fourth-quarter monetary policy implementation report that it would adjust policy.
