Buy Copper Nov @ 824 SL 820 TGT 828-832. MCX - Kedia Advisory
ALUMINIUM
OBSERVATIONS
Aluminium trading range for the day is 235-245.8.
Aluminium prices tumbled as victory for Trump spurred concerns that major electrification initiatives would be rolled back
Goldman Sachs raised its 2025 aluminum price forecasts citing higher demand potential in China following stimulus measures.
Global primary aluminium output in September rose 1.3% year on year to 6.007 million tonnes – IAI
BUY ALUMINIUM NOV @ 239 SL 237 TGT 242-244. MCX
COPPER
OBSERVATIONS
Copper trading range for the day is 806.4-865.
Copper dropped after victory for former President Donald Trump in the US presidential election raised concerns over higher tariffs.
Premier Li Qiang expressed confidence that China would meet its GDP target for the year.
Copper output from Chile's Codelco down nearly 5% in January – September
BUY COPPER NOV @ 824 SL 820 TGT 828-832. MCX
ZINC
OBSERVATIONS
Zinc trading range for the day is 272.5-289.1.
Zinc prices dropped as inventory inflows eased concerns of supply shortages.
However upside seen limited amid a raw materials squeeze forces smelters to reduce production of refined metal.
The deliveries are behind the narrowing premium for the cash contract over three-month zinc to about $18 a ton, down from peak above $58 a ton.
BUY ZINC NOV @ 277 SL 275 TGT 280-282. MCX
