Buy Copper Mar @ 860 SL 855 TGT 865-870. MCX - Kedia Advisory
Aluminium
BUY ALUMINIUM MAR @ 256 SL 254 TGT 258-260. MCX
OBSERVATIONS
Aluminium trading range for the day is 256-259.4.
Aluminium dropped weighed down by worries about a trade war in retaliation to fresh U.S. tariffs.
U.S. President Trump threatened to slap an extra duty of 10% on imports from China in addition to a tariff of 10% levied on February 4.
Investors were also eyeing China’s National People’s Congress meeting scheduled for March 5.
Copper
BUY COPPER MAR @ 860 SL 855 TGT 865-870. MCX
OBSERVATIONS
Copper trading range for the day is 854.6-867.2.
Copper dropped as traders weighed the likelihood that President Trump will follow through on his tariff threats
Trump directed the government to explore potential tariffs on copper imports to boost US production.
Copper output in Chile, fell 2.1% year-on-year in January to 426,889 metric tons.
Zinc
BUY ZINC MAR @ 266 SL 264 TGT 268-27
OBSERVATIONS
Zinc trading range for the day is 263.6-269.6.
Zinc prices eased as the dollar firmed on U.S. President Donald Trump's imminent tariff plans.
PBOC said in its fourth-quarter monetary policy implementation report that it would adjust policy at the appropriate time to support the economy.
Global mined zinc production fell for the third consecutive year in 2024.
