Buy Zinc Dec @ 291 SL 289 TGT 294-296. MCX - Kedia Advisory
Aluminium
Observations
Aluminium trading range for the day is 241.6-247.6.
Aluminium gains as large pledges of economic support from the Chinese government raised bets that the economy may recover
The Politburo announced it will shift to a “moderately loose” monetary policy stance next year from the “prudential” stance.
China’s aluminum production increased by 2.74% YoY
BUY ALUMINIUM DEC @ 244 SL 242 TGT 247-249. MCX
Copper
Observations
Copper trading range for the day is 821.2-836.4.
Copper prices edged lower as the U.S. dollar strengthened
China's copper imports rose in November to a one-year high, customs data showed
Traders looked for further signals from China on stimulus measures this week.
BUY COPPER DEC @ 828 SL 824 TGT 833-837. MCX
Zinc
Observations
Zinc trading range for the day is 288.3-295.1.
Zinc gains as the market awaits more clues on China's 2025 key targets.
China said it would take more action to boost its economy.
In December 2024, domestic refined zinc production will increase by over 20,000 mt MoM or about 5% MoM
BUY ZINC DEC @ 291 SL 289 TGT 294-296. MCX
