Buy Copper Dec@ 1108 SL 1102 TGT 1116-1122. MCX - Kedia Advisory
Aluminium
BUY ALUMINIUM DEC @ 279 SL 277 TGT 281-283. MCX
Observations
Aluminium trading range for the day is 275.2-284.2.
Aluminium rose as producers sought sharply higher Japan Q1 premiums of $190–$203 per ton.
Support also seen amid concerns that Chinese smelters are nearing government-imposed capacity limits, constraining supply.
Global primary aluminium output in October rose 0.6% year on year to 6.294 million tonnes – IAI
Copper
BUY COPPER DEC @ 1108 SL 1102 TGT 1116-1122. MCX
Observations
Copper trading range for the day is 1074-1133.
Copper rose as Fed cut interest rates, while continuing outflows to U.S. copper stocks supported worries about tighter supply.
China to keep fiscal deficit, flexibly use monetary tools in 2026
Chinese copper stocks on the LME increased to 130,225 tons at the end of last month from 100,400 tons in October.
Zinc
BUY ZINC DEC @ 319 SL 317 TGT 322-324. MCX
Observations
Zinc trading range for the day is 306.3-328.7.
Zinc prices rose supported by a softer dollar after the U.S. Federal Reserve cut interest rates.
Global zinc market surplus declined to 20,300 metric tons in September from 32,700 tons in August.
A zinc mine in Central China is planning a routine maintenance shutdown in December, resulting in fewer production days.
