Buy Zinc Dec @ 308 SL 305 TGT 311-314. MCX - Kedia Advisory
Aluminium
BUY ALUMINIUM DEC @ 277 SL 275 TGT 279-281. MCX
Observations
Aluminium trading range for the day is 274.7-281.3.
Aluminium dropped as concern about demand in top metals consumer China weighed on the market.
However, downside limited amid concerns that Chinese smelters are nearing government-imposed capacity limits, constraining supply.
Aluminium inventories in warehouses monitored by the Shanghai Futures Exchange dropped 6.82% from last Friday.
Copper
BUY COPPER DEC @ 1070 SL 1062 TGT 1078-1085. MCX
Observations
Copper trading range for the day is 1053.5-1097.3.
Copper dropped on profit booking as panic over tight supplies that caused a price spike had started to ease.
LME logs 7,775 new warrant cancellations in S Korea after 50,725t a day earlier.
Goldman Sachs, raised its average LME copper price forecast for the first half of 2026 to $10,710 from $10,415.
Zinc
BUY ZINC DEC @ 308 SL 305 TGT 311-314. MCX
Observations
Zinc trading range for the day is 303.6-313.
Zinc dropped on profit booking after prices gained amid tighter availability of metal in warehouses registered with the LME.
Data showed business activity in the euro zone expanded in November at its fastest pace in two and a half years.
Global zinc market surplus declined to 20,300 metric tons in September from 32,700 tons in August.
