Buy Zinc Feb @ 267 SL 265 TGT 270-272. MCX - Kedia Advisory
Aluminium
BUY ALUMINIUM FEB @ 261 SL 259 TGT 263-265. MCX
Observations
Aluminium trading range for the day is 257.7-268.7.
Aluminium rose as EU envoys agreed to ban Russian primary aluminium imports in their 16th sanctions package.
The LME aluminium contract has been rising for four consecutive sessions, attracting buying from Commodity Trading Advisors.
LME daily data which showed that total aluminium stocks in LME-registered warehouses slid to 547,950 tons, their lowest since May
Copper
BUY COPPER FEB @ 866 SL 862 TGT 870-874. MCX
Observations
Copper trading range for the day is 858.4-879.8.
Copper dropped amid possibilities that Russian copper could return to the Western market.
Citi revises down 6 – 12 month copper forecast amid tariff concerns
Citi revised its copper supply and demand balance, predicting a small deficit of about 136 kilotons in 2025.
Zinc
BUY ZINC FEB @ 267 SL 265 TGT 270-272. MCX
Observations
Zinc trading range for the day is 265.4-272.6.
Zinc eased following U.S. President Trump's threat to impose 25% tariffs on automobiles and semiconductor chips.
Zinc inventories in warehouses monitored by the Shanghai Futures Exchange rose 70.5% from last Friday
LME zinc total stocks were at the lowest since February 2024.
