Buy Copper Dec @ 804 SL 800 TGT 809-813. MCX - Kedia Advisory
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Aluminium
Observation
Aluminium trading range for the day is 240.2-245.
Aluminium prices fell amid rising output in China.
Beijing braces for more U.S. trade tariffs under a second Donald Trump administration.
China’s industrial output grew ahead of expectations.
BUY ALUMINIUM DEC @ 241 SL 239 TGT 244-246. MCX
Copper
Observation
Copper trading range for the day is 800.9-816.9.
Copper dropped amid ongoing uncertainty over demand from China
Pressure also seen amid concerns about a more gradual pace of easing by the US Federal Reserve next year.
Retail sales growth in China slowed more than expected in November, reflecting weakening consumption.
BUY COPPER DEC @ 804 SL 800 TGT 809-813. MCX
Zinc
Observation
Zinc trading range for the day is 280.3-287.9.
Zinc dropped pressured from ongoing demand uncertainty in China
In China, new home prices fell for the 17th consecutive month, highlighting ongoing challenges in the property sector.
Beijing's latest stimulus pledges have failed to generate significant investor optimism
BUY ZINC DEC @ 282 SL 280 TGT 285-287. MCX
Tag News
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