Buy Aluminium MAY @ 373 SL 370 TGT 376-379. MCX - Kedia Advisory
Aluminium
BUY ALUMINIUM MAY @ 373 SL 370 TGT 376-379. MCX
Observations
Aluminium trading range for the day is 368.4-379.2.
Aluminium gains as the continued blockage of the Strait of Hormuz threatens a prolonged disruption to Middle Eastern supply.
The global aluminium market is already experiencing a "black swan" supply shock due to disruptions stemming from the war
LME aluminium inventory continued to decline, with the latest level at 393,800 mt, reinforcing supply concerns.
Copper
BUY COPPER MAY @ 1285 SL 1275 TGT 1295-1305. MCX
Observations
Copper trading range for the day is 1282.3-1302.3.
Copper gains as global smelters are entering a concentrated maintenance period in Q2, which is tightening the supply side.
Copper inventories in warehouses monitored by SHFE fell 16.3 % from last Friday.
The ICSG reported a world refined copper surplus of about 96,000 metric tons for 2026.
Zinc
BUY ZINC MAY @ 349 SL 346 TGT 352-355. MCX
Observations
Zinc trading range for the day is 342-354.4.
Zinc gains as LME inventories declined and the Cash-3M contango narrowed, shifting the price upward.
Zinc inventories in warehouses monitored by the Shanghai Futures Exchange fell 1.8% from last Friday, the exchange said
Volcan forecast 2026 zinc output at 275,000-290,000 metric tons, versus 235,500 tons in 2025
