Buy Copper Jun @ 878 SL 874 TGT 886-890. MCX - Kedia Advisory
Aluminium
BUY ALUMINIUM JUN @ 239 SL 237 TGT 241-243. MCX
OBSERVATIONS
Aluminium trading range for the day is 235.9-241.7.
Aluminium prices rose as US-China trade talks resumed, boosting investor confidence.
Trump confirmed trade talks in London led by US and Chinese top officials.
China's May aluminium exports rose 5.6% monthly but fell 3.2% year-on-year.
Copper
BUY COPPER JUN @ 878 SL 874 TGT 886-890. MCX
OBSERVATIONS
Copper trading range for the day is 871.4-890.2.
Copper gains fueled by supply disruptions and concerns over potential US tariffs.
China's imports of copper fell 2.5 % from month ago to 427,000 tonnes in May
Inventories at LME warehouses have been steadily declining, signaling robust demand.
Zinc
BUY ZINC JUN @ 251 SL 249 TGT 253-255. MCX
OBSERVATIONS
Zinc trading range for the day is 249.7-256.1.
Zinc prices dropped on profit booking amid ongoing uncertainty around trade negotiations and tariffs
Coupled with the expected significant increase in zinc ingot production in June, supply pressures persist.
China’s manufacturing PMI continued to contract for the second consecutive month.
