Buy Aluminium JAN @ 202 SL 200 TGT 204-206. MCX - Kedia Advisory
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Aluminium
OBSERVATIONS
Aluminium trading range for the day is 201.5-204.9. Aluminium prices dropped as traders assessed global economic headwinds The World Bank forecasted China's economic growth to slow to 4.5% in 2024. Alcoa to curtail alumina production at Kwinana refinery
BUY ALUMINIUM JAN @ 202 SL 200 TGT 204-206. MCX
Copper
OBSERVATIONS
Copper trading range for the day is 711.1-720.5. Copper gains as copper production in Chile, slid by 3.1% YoY in November Oversupply of copper on the LME is causing record discounts against longer-dated contracts The World Bank warned that global growth in 2024 is set to slow for a third year in a row
BUY COPPER JAN @ 713 SL 710 TGT 717-720. MCX
Zinc
OBSERVATIONS
Zinc trading range for the day is 220.8-225.6. Zinc prices dropped due to concerns about demand amid a gloomy economic outlook. China's refined zinc production increased by 2.05% compared to the previous month The global zinc market deficit eased in October compared to September, according to data from the ILZSG
BUY ZINC JAN @ 222 SL 220 TGT 225-227. MCX
