Buy Zinc Feb @ 268 SL 266 TGT 270-272. MCX - Kedia Advisory
Aluminium
BUY ALUMINIUM FEB @ 255 SL 253 TGT 257-259. MCX
Observations
Aluminium trading range for the day is 253.6-258.4.
Aluminium gained as supply concerns and strong leading indicators for manufacturers improved the outlook.
European Union's plan to gradually ban Russian aluminum imports has sparked concerns.
Global primary aluminium output in December rose 3% year on year to 6.236 million tonnes.
Copper
BUY COPPER FEB @ 852 SL 848 TGT 857-862. MCX
Observations
Copper trading range for the day is 846.1-864.3.
Copper rose driven by and easing concerns over a global trade war.
Positive manufacturing PMI data from both the US and China, two of the world’s largest economies, also pointed to ongoing expansion.
However, treatment charges in Chinese copper smelters continued to reflect uncertainty about future demand levels.
Zinc
BUY ZINC FEB @ 268 SL 266 TGT 270-272. MCX
Observations
Zinc trading range for the day is 266.5-272.5.
Zinc rose as fears about a full-blown trade war eased despite threats by U.S. President Donald Trump.
Global mined zinc production fell for the third consecutive year in 2024.
Investors are hoping China will unleash more stimulus at its National People's Congress meeting in March.
