BUY COPPER JUN @ 1360 SL 1350 TGT 1370-1380. MCX - Kedia Advisory
Aluminium
BUY ALUMINIUM JUN @ 392 SL 389 TGT 395-398. MCX
Observations.
Aluminium trading range for the day is 388.2-399.6.
Aluminium dropped on profit booking after prices gained as the market continued to grapple with supply disruptions.
LME inventories dwindled to 335,450 tons, the lowest in almost four years.
EGA’s flagship smelter is expected to take up to a year to return to full capacity, while operations at Bahrain's ALBA remain partially suspended.
Copper
BUY COPPER JUN @ 1360 SL 1350 TGT 1370-1380. MCX
Observations
Copper trading range for the day is 1352.5-1394.9.
Copper slipped as investors locked in profit, while uncertainty around U.S. tariff on the metal limited losses.
However, signs of tighter nearby supply on the LME supported sentiment
Uncertainty over U.S. copper tariffs as a June 30 deadline approaches.
Zinc
BUY ZINC JUN @ 372 SL 369 TGT 375-378. MCX
Observations
Zinc trading range for the day is 370.1-378.3.
Zinc dropped as stronger-than-expected U.S. job openings reading weighed on metals.
Pressure seen on prices as the dollar index strengthened further to 99.4, reaching the highest level in about two months.
However downside seen limited supported by tightening supply conditions following recent disruptions.
