Buy Copper Mar @ 897 SL 892 TGT 903-908. MCX - Kedia Advisory
Aluminium
BUY ALUMINIUM MAR @ 263 SL 261 TGT 266-268. MCX
Observation
Aluminium trading range for the day is 263.1-266.3.
Aluminium dropped on profit booking after prices gained amid lower supply expectation
Aluminium inventories in warehouses monitored by the Shanghai Futures Exchange fell 3% from last Friday.
Global primary aluminium output in January rose 2.7% year on year to 6.252 million tonnes
Copper
BUY COPPER MAR @ 897 SL 892 TGT 903-908. MCX
Observation
Copper trading range for the day is 894.4-906.
Copper gained as a decline in LME inventories put the worries about U.S. import tariff policy on pause.
Data showed on-warrant copper stocks in LME-registered warehouses fell to 136,300 tons, lowest since mid-June
Copper inventories in warehouses monitored by the Shanghai Futures Exchange fell 4.5% from last Friday.
Zinc
BUY ZINC MAR @ 279 SL 277 TGT 282-284. MCX
Observations
Zinc trading range for the day is 277.7-283.5.
Zinc surged on Nyrstar cutting production in Australia.
LME on-warrant stocks fell to 94,700 tons, their lowest since November 2023.
Zinc inventories in warehouses monitored by the Shanghai Futures Exchange rose 0.9% from last Friday.
