Buy Copper JAN @ 1305 SL 1295 TGT 1318-1326. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM JAN @ 309 SL 307 TGT 311-313. MCX
Observations
Aluminium trading range for the day is 302.7-321.5.
Aluminium dropped on profit booking after prices gained as investor optimism reflects early signs of economic stabilization.
China, reiterated its priority of preventing overcapacity in metal production to curb deflationary pressures for manufacturers.
Inventories in warehouses monitored by the Shanghai Futures Exchange rose 1.0% from December 26.
COPPER
BUY COPPER JAN @ 1305 SL 1295 TGT 1318-1326. MCX
Observations
Copper trading range for the day is 1267.3-1363.3.
Copper dropped on profit booking after prices gained fueled by a tighter global market and fears of US tariffs.
China's central bank pledges to cut RRR, interest rate in 2026
Citi raised its near-term copper price target to $14,000 a ton, citing strong market momentum.
ZINC
BUY ZINC JAN @ 309 SL 307 TGT 311-313. MCX
Observations
Zinc trading range for the day is 304-320.
Zinc dropped on profit booking and support dollar after prices gained supported by tightening inventories.
ILZSG reported that the refined zinc market deficit narrowed to 600 tonnes in October.
China’s zinc output in November rose 13.3 percent year-on-year to 654,000 metric tons.
