Buy Aluminium JAN @ 210 SL 208 TGT 212-214. MCX - Kedia Advisory
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Aluminium
OBSERVATIONS
Aluminium trading range for the day is 208.4-214.6.
Aluminium dropped as LME inventories in jumped to fresh highs this week.
Aluminium stocks over the past two days rose by 42,400 metric tons to 551,050, the highest since June 19.
Aluminum production hub Qinghai issues power rationing emergency plan
BUY ALUMINIUM JAN @ 210 SL 208 TGT 212-214. MCX
Copper
OBSERVATIONS
Copper trading range for the day is 730.2-742.4.
Copper prices dropped as demand in China was subdued after a burst of restocking seen recently
China aims to expand domestic demand, ensure speedy recovery, promote stable growth
China smelters cut Q1 copper guidance price as supply outlook tightens
BUY COPPER JAN @ 725 SL 721 TGT 729-733. MCX
Zinc
OBSERVATIONS
Aluminium trading range for the day is 208.4-214.6.
Aluminium dropped as LME inventories in jumped to fresh highs this week.
Aluminium stocks over the past two days rose by 42,400 metric tons to 551,050, the highest since June 19.
Aluminum production hub Qinghai issues power rationing emergency plan
