Buy Copper Jan @ 1270 SL 1260 TGT 1284-1292. MCX - Kedia Advisory
Aluminium
BUY ALUMINIUM JAN @ 300 SL 298 TGT 302-304. MCX
Observations
Aluminium trading range for the day is 282.4-313.8.
Aluminium gains tracking LME prices, near the highest in over three years amid growing concerns of low supply.
Smelters forced to halt output growth plans for 2026
China aluminum exports fall 9.2% year-on-year in November
Copper
BUY COPPER JAN @ 1270 SL 1260 TGT 1284-1292. MCX
Observations
Copper trading range for the day is 1146-1344.
Copper hits record high amid tightening global supply conditions
Strong US economic growth boosts demand for copper-intensive sectors.
China smelters plan over 10% output cut in 2026
Zinc
BUY ZINC JAN @ 311 SL 309 TGT 313-315. MCX
Observations
Zinc trading range for the day is 302.4-318.6.
Zinc gains as thin year-end trade extended momentum for speculative buying on a weaker dollar and worries about tighter supply.
Zinc mine in Central China is planning a routine maintenance shutdown, resulting in fewer production days.
China’s zinc output in November rose 13.3 percent year-on-year to 654,000 metric tons.
