Buy Aluminum Jul @ 328 SL 325 TGT 331-334 MCX - Kedia Advisory
Aluminium
BUY ALUMINIUM JUL @ 328 SL 325 TGT 331-334. MCX
Observations
Aluminium trading range for the day is 323.1-332.9.
Aluminium fell pressured by a stronger US dollar and expectations of renewed metal shipments from the Middle East.
Additional downward pressure came from rising production in China, as well as increased output from smelters in Indonesia.
China’s official NBS Manufacturing PMI increased to 50.3 in June 2026 from 50.0 in the previous month.
Copper
BUY COPPER JUL @ 1265 SL 1255 TGT 1275-1285. MCX
Observations
Copper trading range for the day is 1247.6-1289.2.
Copper gained as support seen as copper output in Chile, fell 12.9% year-on-year in May to 423,623 metric tons.
Support also seen as concerns over further tariffs had encouraged shipments to the U.S. and tightened availability elsewhere.
Profit growth at China’s industrial firms eased to 21.1% in May from a year earlier, compared with a 24.7% rise in April.
Zinc
BUY ZINC JUL @ 359 SL 356 TGT 363-366. MCX
Observations
Zinc trading range for the day is 356.7-366.5.
Zinc dropped on profit booking after prices gained due to tighter mine supply.
U.S. job openings edged up to a two-year high in May, suggesting labour demand remained resilient despite softer hiring.
China's zinc production in May rose 9.40% year-on-year to 64,000 metric tons.
