BUY COPPER DEC @ 717 SL 714 TGT 722-725. MCX - Kedia Advisory
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ALUMINIUM
OBSERVATIONS
Aluminium trading range for the day is 193.6-198.4..
Aluminium gains as Shanghai warehouse aluminium stocks down 8.20%
Support also seen due to the continued production restrictions caused by China's winter power shortage.
The global aluminium shortage is expected to reach 1.23 million tons in 2024, almost double the deficit in 2023.
BUY ALUMINIUM DEC @ 195 SL 194 TGT 197-199. MCX
COPPER
OBSERVATIONS
Copper trading range for the day is 710.5-729.5.
Copper advanced as data showing improved exports from China signalled better demand prospects.
China's exports grew for the first time in six months in November
Shanghai warehouse copper stocks up 16.0%
BUY COPPER DEC @ 717 SL 714 TGT 722-725. MCX
ZINC
OBSERVATIONS
Zinc trading range for the day is 214.4-220.6.
Zinc dropped amid mounting global concern over the impact of surging local Chinese government debt
Shanghai warehouse zinc stocks down 30.30%
LME Zinc stocks continue to decline after sharp November growth with net fresh cancellations of warrants at 21,225 tons
BUY ZINC DEC @ 215 SL 213 TGT 218-220. MCX
