Buy Copper Aug @ 782 SL 777 TGT 789-793. MCX - Kedia Advisory
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ALUMINIUM
OBSERVATIONS
Aluminium trading range for the day is 211.8-219.
Aluminium gains as the Chinese government continues to boost the domestic economy.
U.S. jobs data eased fears of a growth slowdown in the United States.
Domestic aluminium production in July 2024 was 3.683 million mt, up 3.22% YoY.
BUY ALUMINIUM AUG @ 215 SL 213 TGT 217-219. MCX
COPPER
OBSERVATIONS
Copper trading range for the day is 777.7-792.3.
Copper dropped as investors awaited data from US and China later this week for more clues.
Workers at BHP's Escondida copper mine will strike after failing to reach agreement
Peru copper output slides nearly 12% in June
BUY COPPER AUG @ 782 SL 777 TGT 789-793. MCX
ZINC
OBSERVATIONS
Zinc trading range for the day is 252.6-260.2.
Zinc prices dropped as refined zinc production to slightly increase by 700 mt MoM to 490,300 mt in August.
Zinc inventories in warehouses monitored by the SHFE fell 8.5% from last Friday.
U.S. jobs data eased fears of a growth slowdown in the United States
BUY ZINC AUG @ 254 SL 251 TGT 257-260. MCX
