Buy Copper Jan @ 1305 SL 1295 TGT 1315-1325. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM JAN @ 317 SL 315 TGT 320-322. MCX
Observations
Aluminium trading range for the day is 310.4-324.
Aluminium gains driven by a 108,700-ton global supply deficit in October.
Support seen as investors reassessed expectations around tightening supply and robust global demand.
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 @ 1305 SL 1295 TGT 1315-1325. MCX
Observations
Copper trading range for the day is 1282.1-1333.7.
Copper prices slid as expectations eased for rate cuts in the United States, sparking a bout of profit-booking.
Available LME copper inventories slide to six – month low
Inventories in U.S. Comex warehouses have surged by 444% over the last 12 months to 520,441 short tons.
ZINC
BUY ZINC JAN @ 311 SL 309 TGT 313-315. MCX
Observations
Zinc trading range for the day is 307.9-317.5.
Zinc dropped on profit booking after prices gained amid optimism over strong demand from China
Tightening inventories and ongoing supply disruptions, also supported in capping gains
Total LME stocks jumped by over 84,000 tons in November and December
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