Buy Aluminum Jun@ 355 SL 352 TGT 358-360. MCX - Kedia Advisory
Aluminium
BUY ALUMINIUM JUN @ 355 SL 352 TGT 358-360. MCX
Observations
Aluminium trading range for the day is 340.8-383.2.
Aluminium fell as a U.S.-Iran framework agreement to end their war eases supply concerns.
LME 3-month dropped 3.3% at $3,418 a metric ton, having hit $3,417, its lowest since March 30.
J.P. Morgan reiterates $4,000/t target for aluminum
Copper
BUY COPPER JUN @ 1335 SL 1325 TGT 1345-1355. MCX
Observations
Copper trading range for the day is 1330.7-1354.5.
Copper prices gained as a fall in oil prices eased energy-driven inflation fears and weakened the dollar.
China's May unwrought copper imports slip 1.33% m/m
U.S. consumer sentiment improved in early June, but inflation expectations remained elevated.
Zinc
BUY ZINC JUN @ 368 SL 365 TGT 371-373. MCX
Observations
Zinc trading range for the day is 364-375.
Zinc prices rise as a U.S.-Iran framework agreement to end their war.
Prices also gained supported by tightening supply conditions following recent disruptions.
Factory-gate inflation in China, rose for a third straight month in May to its highest since 2022.
