BUY COPPER MAY @ 1385 SL 1375 TGT 1395-1405. MCX - Kedia Advisory
BUY ALUMINIUM MAY @ 377 SL 375 TGT 380-382. MCX
Observations
Aluminium trading range for the day is 371.7-382.1.
Aluminium rose as the Middle East conflict disrupts both exports of metal by Gulf producers and imports of their raw materials.
CRU sees aluminium prices above $4,000/t in Q3 2026 – Q2 2027
CRU sees a global aluminium market deficit of 1.4 million tons this year.
Copper
BUY COPPER MAY @ 1385 SL 1375 TGT 1395-1405. MCX
Observations
Copper trading range for the day is 1359.5-1409.3.
Copper prices rose as supply concerns and expectations of higher demand from China.
Also supporting prices were expectations that China's refined copper imports will rise in the second quarter.
China's central bank vows support to boost domestic demand
ZINC
BUY ZINC MAY @ 360 SL 357 TGT 363-366. MCX
Observations
Zinc trading range for the day is 350.4-370.
Zinc gains amid supply concerns and expectations of higher demand from China.
China's central bank will continue to implement an appropriately loose monetary policy, and strengthen financial support.
China's consumer prices rose 1.2% in April from a year earlier, while factory-gate prices jumped 2.8%.
