BUY COPPER FEB @ 866 SL 862 TGT 870-874. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM FEB @ 256 SL 254 TGT 258-260. MCX
OBSERVATIONS
Aluminium trading range for the day is 254.2-260.2.
Aluminium dropped as traders gauged the potential risks of a global trade war.
China's central bank said it would adjust its monetary policy at the appropriate time to support the economy.
Aluminium stocks at three major Japanese ports rose to 324,700 metric tons by the end of January, up about 0.3%.
COPPER
BUY COPPER FEB @ 866 SL 862 TGT 870-874. MCX
OBSERVATIONS
Copper trading range for the day is 858.2-873.8.
Copper gains as concerns lingered that US President Trump could still target copper with tariffs.
The latest data revealed that traders raised their net long position in copper for the sixth consecutive week.
Strong manufacturing activity in US and expectations of further economic stimulus in China, also supported.
ZINC
BUY ZINC FEB @ 265 SL 263 TGT 268-270. MCX
OBSERVATIONS
Zinc trading range for the day is 264-271.
Zinc dropped as markets continued to assess the impact of U.S. President Donald Trump's.
However upside seen limited amid expectations of aggressive fiscal stimulus by the Chinese government.
New aggregates showed that global mined zinc production fell for the third consecutive year in 2024.
