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Aluminium

BUY ALUMINIUM MAY @ 230 SL 228 TGT 232-234. MCX

OBSERVATIONS

Aluminium trading range for the day is 229.2-232.4.

Aluminium gained as optimism around global trade negotiations buoyed sentiment.

Aluminium inventories in warehouses monitored by the Shanghai Futures Exchange fell 1.5% from last Friday.

Data showing the US economy unexpectedly contracted by 0.3% on an annualized basis in the first quarter.

Copper

BUY COPPER MAY @ 828 SL 824 TGT 834-838. MCX

OBSERVATIONS

Copper trading range for the day is 818.2-839.

Copper gains as signs of progress in trade negotiations lifted market sentiment.

However, disappointing US GDP data and weakening Chinese manufacturing activity stoked recession fears.

Copper output in Chile, rose 9.1% year-on-year in March to 477,049 metric tons.

BUY ZINC MAY @ 243 SL 241 TGT 245-247. MCX

OBSERVATIONS

Zinc trading range for the day is 242-247.2.

Zinc gains as hopes for progress in U.S. tariff talks with China provided support.

U.S. President believed there was a "very good chance" his administration could do a deal with China.

Zinc inventories in warehouses monitored by SHFE fell 5.6% from last Friday, the exchange said.