Buy Copper OCT @ 697 SL 693 TGT 703-708. MCX - Kedia Advisory
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ALUMINIUM
OBSERVATIONS
Aluminium trading range for the day is 201.8-203.8.
Aluminium gains as China September aluminium output up amid robust demand
China Q3 GDP growth above estimates
China Retail sales rise the most in 4 months
BUY ALUMINIUM OCT @ 201 SL 199 TGT 204-206. MCX
COPPER
OBSERVATIONS
Copper trading range for the day is 695.8-707.4.
Copper gained with bright demand outlook and concerns about longer-term supply supporting the market.
Demand for copper has been robust, supported by strong consumption from the renewable energy and infrastructure sectors.
China Q3 GDP growth above estimates
BUY COPPER OCT @ 697 SL 693 TGT 703-708. MCX
ZINC
OBSERVATIONS
Zinc trading range for the day is 218.3-221.3.
Zinc gains after better-than-expected economic data from China
The global refined zinc market is headed for a surplus of 248,000 metric tons this year
The zinc market's shift to surplus after two years of supply deficit is down to weaker-than-expected demand and higher-than-expected production.
BUY ZINC OCT @ 218 SL 215 TGT 222-224. MCX
