BUY ALUMINIUM OCT @ 236 SL 234 TGT 238-240. MCX - Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
ALUMINIUM
OBSERVATIONS
Aluminium trading range for the day is 234.7-240.7.
Aluminium rises on Guinea raw material supply concerns
Expectations for production cuts in Yunnan in the fourth quarterhave decreased.
Stocks at three major Japanese ports fell to 313,100 metric tonsby the end of September, down about 4.3% from the previous month.
BUY ALUMINIUM OCT @ 236 SL 234 TGT 238-240. MCX
COPPER
OBSERVATIONS
Copper trading range for the day is 814.2-828.
Copper rose supported by a softer dollar and on someshort-covering.
China’s September trade figures came in weaker thananticipated, further fueling concerns about demand conditions.
PBOC injected CNY 642.4 billion through seven-day reverse repos.
BUY COPPER OCT @ 818 SL 814 TGT 822-826. MCX
ZINC
OBSERVATIONS
Zinc prices gains as Zinc facing supply deficit as mine output fallsagain.
The global refined zinc market could see a 164,000 metric tondeficit in 2024 due to reduced output in Europe.
Mine production is now expected to fall for a third consecutive year.
BUY ZINC OCT @ 280 SL 278 TGT 283-285. MCX
