Buy Zinc Aug @ 256 SL 254 TGT 259-261. MCX - Kedia Advisory
ALUMINIUM
OBSERVATIONS
Aluminium trading range for the day is 213.5-220.3.
Aluminium gains as Japan's July aluminium stocks fall 5.7% m/m
Share of Russian aluminium in LME warehouses rose to 65% in July
Primary aluminium output in June rose by 3.2% year-on-year to 5.94 million metric tons
BUY ALUMINIUM AUG @ 215 SL 213 TGT 217-219. MCX
COPPER
OBSERVATIONS
Copper trading range for the day is 777.8-796.8.
Copper dropped amid high metals inventories overall and disappointing China data.
Workers at BHP's Escondida copper mine in Chile will go on strike after failing to reach an agreement with the company
U.S. producer prices increased less than expected in July
BUY COPPER AUG @ 782 SL 777 TGT 789-793. MCX
ZINC
OBSERVATIONS
Zinc trading range for the day is 252.5-263.1.
Zinc gains as buying was triggered by expectations of higher energy costs.
Zinc inventories in warehouses monitored by the SHFE fell 8.5% from last Friday.
U.S. jobs data eased fears of a growth slowdown in the United States
BUY ZINC AUG @ 256 SL 254 TGT 259-261. MCX
