Buy Zinc Feb @ 267 SL 265 TGT 269-271. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM FEB @ 257 SL 255 TGT 259-261. MCX
OBSERVATIONS
Aluminium trading range for the day is 256-260.
Aluminium prices gains helped by supply tightness
Aluminium inventories in warehouses monitored by the Shanghai Futures Exchange dropped -4.9%
Japan aluminium premiums likely to stay high, adding to inflation
COPPER
BUY COPPER FEB @ 862 SL 857 TGT 868-872. MCX
OBSERVATIONS
Copper trading range for the day is 856.4-875.2.
Copper fell as concerns about potential US tariffs on copper imports eased.
Peru copper output edges down in 2024 to 2.74 million tonnes
Freeport Indonesia reduces copper ore mining to 60% capacity
ZINC
BUY ZINC FEB @ 267 SL 265 TGT 269-271. MCX
OBSERVATIONS
Zinc trading range for the day is 264.8-270.4.
Zinc gains after U.S. President Trump announced plans for reciprocal tariffs, which will not be immediately implemented.
Zinc inventories in warehouses monitored by the Shanghai Futures Exchange rose 70.5% from last Friday, the exchange said.
PBOC said in its fourth-quarter monetary policy implementation report that it would adjust policy.
