Buy Copper Dec @ 1070 SL 1062 TGT 1078-1085. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM DEC @ 277 SL 275 TGT 279-281. MCX
OBSERVATIONS
Aluminium trading range for the day is 274.9-280.5.
Aluminium prices gained amid 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 @ 1070 SL 1062 TGT 1078-1085. MCX
OBSERVATIONS
Copper trading range for the day is 1035.6-1105.2.
Copper rose as global supply concerns underpinned investor appetite that’s critical to the green transition.
Chinese smelters and miners are locked in supply talks for 2026 that are proving difficult as miners hold the upper hand in negotiations.
Copper inventories in warehouses monitored by the Shanghai Futures Exchange dropped 11.46% from last Friday, the exchange said.
ZINC
BUY ZINC DEC @ 308 SL 305 TGT 311-314. MCX
OBSERVATIONS
Zinc trading range for the day is 305.4-312.2.
Zinc rose amid tighter availability of metal in warehouses registered with the London Metal Exchange.
Data showed business activity in the euro zone expanded in November at its fastest pace in two and a half years.
Growing expectations of an interest rate cut by Fed as well as a weaker dollar also supported the upward momentum.
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