Buy Aluminium Jun @ 245 SL 243 TGT 247-249. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM JUN @ 245 SL 243 TGT 247-249. MCX
OBSERVATIONS
Aluminium trading range for the day is 242.2-249.2.
Aluminium gains after Trump pushed back a decision on U.S. military involvement in the Israel-Iran conflict.
Global primary aluminium output in May rose 1.5% year on year to 6.245 million tonnes.
Aluminium inventories in warehouses monitored by the Shanghai Futures Exchange fell 5.0% from last Friday
COPPER
BUY COPPER JUN @ 876 SL 872 TGT 882-888. MCX
OBSERVATIONS
Copper trading range for the day is 867.1-890.5.
Copper gains as copper inventories in warehouses monitored by the SHFE fell 1.1% from last Friday.
Geopolitical risk grows with escalating Israel-Iran tensions and possible U.S. strike.
LME copper stocks drop over 60% since mid-February, now at 99,200 tons.
ZINC
BUY ZINC JUN @ 252 SL 250 TGT 254-256. MCX
OBSERVATIONS
Zinc trading range for the day is 250.9-254.9.
Zinc dropped amid ongoing uncertainty over the Israel-Iran conflict.
The global zinc market surplus fell to 16,000 metric tons in April from 23,400 tons in March.
Zinc inventories in warehouses monitored by the SHFE fell 5.7% from last Friday
