Buy Copper Dec @ 1032 SL 1022 TGT 1042-1048. MCX - Kedia Advisory
ALUMINIUM
Buy Aluminium Dec @ 272 SL 270 TGT 274-276. MCX
OBSERVATIONS
Aluminium trading range for the day is 269.3-275.9.
Aluminium gains supported by concerns that Chinese smelters are nearing government-imposed capacity limits, constraining supply.
China's Nov Alumina output falls 4.44% mom as environmental curbs cut northern operations
Aluminium inventories in warehouses monitored by the Shanghai Futures Exchange dropped 6.82% from last Friday.
COPPER
Buy Copper Dec @ 1032 SL 1022 TGT 1042-1048. MCX
OBSERVATIONS
Copper trading range for the day is 1012.6-1055.2.
Copper gains tracking LME prices set a new all-time high above $11,200.
Prices rose spurred by a weaker dollar, lower output in October and planned production cuts by Chinese smelters.
China’s top copper smelters will cut production by over 10% in 2026.
ZINC
Buy Zinc Dec @ 302 SL 300 TGT 304-306. MCX
OBSERVATIONS
Zinc trading range for the day is 298.6-305.8.
Zinc gains as soft U.S. economic data supported expectations of a rate cut by the Federal Reserve in December.
A zinc mine in Central China is planning a routine maintenance shutdown in December, resulting in fewer production days.
Zinc inventories in warehouses monitored by the Shanghai Futures Exchange dropped 4.42% from last Friday.
