Buy Copper Jan @ 1275 SL 1265 TGT 1290-1300. MCX - Kedia Advisory
Aluminium
BUY ALUMINIUM JAN @ 316 SL 314 TGT 318-320. MCX
Observations
Aluminium trading range for the day is 306.5-323.5.
Aluminium gains as investors reassessed expectations around tightening supply and robust global demand.
Support also seen as investor optimism reflects early signs of economic stabilization after Beijing’s support for key sectors.
China's central bank said it will cut the reserve requirement ratio and interest rates in 2026 to keep liquidity ample.
Copper
BUY COPPER JAN @ 1275 SL 1265 TGT 1290-1300. MCX
Observations
Copper trading range for the day is 1252.3-1309.1.
Copper gains due to concerns about tightened supply and bets on future surging demand from the AI boom.
The premium of LME cash against the three-month copper contract widened to $55, its five-week high.
Record copper prices, with LME copper climbing above $13,000 per ton, have sharply dampened physical demand in China
Zinc
BUY ZINC JAN @ 309 SL 307 TGT 311-313. MCX
Observations
Zinc trading range for the day is 305.8-313.
Zinc gains supported by tightening inventories and ongoing supply disruptions.
China's factory activity unexpectedly grew in December, snapping a record eight straight months of decline.
On the SHFE, zinc inventories rose 5.8% from last Friday, signaling further tightening.
