Buy Copper Oct @ 828 SL 824 TGT 834-838. MCX - Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
ALUMINIUM
OBSERVATIONS
Aluminium trading range for the day is 230.8-241.
Aluminium gains as Japan's September aluminium stocks down 4.3% m/m.
Japan's Q4 aluminium premium rises on supply fears amid firmer Europe prices
The premium of LME October aluminium over November hit $18 a metric ton from a premium of $5.85.
BUY ALUMINIUM OCT @ 236 SL 234 TGT 238-240. MCX
COPPER
OBSERVATIONS
Copper trading range for the day is 818-841.
Copper prices rose as traders and investors awaited a China briefing later this week for more stimulus cues.
Chinese authorities announced plans to speed up special purpose bond issuances to support economic growth.
China's Tongling to delay copper output at new plant until H2 2025.
BUY COPPER OCT @ 828 SL 824 TGT 834-838. MCX
ZINC
OBSERVATIONS
Zinc trading range for the day is 273.7-287.5.
Zinc gains supported by China's economic stimulus measures aimed at bolstering the economy.
BMI hiked its zinc price forecast for 2024 to $2,700, citing tighter market fundamentals.
Zinc inventories in warehouses monitored by the Shanghai Futures Exchange (SHFE) dropped to 79,980 metric tons.
BUY ZINC OCT @ 281 SL 278 TGT 284-286. MCX
