Buy Zinc Jan @ 270 SL 268 TGT 273-275. MCX - Kedia Advisory
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Aluminium
Observations
Aluminium trading range for the day is 238.6-244.4.
Aluminium gains as available stocks in LME warehouses fell to the lowest since May.
LME data shows overall cancelled aluminium warrants at 380,050 metric tons, or 61% of the total stocks.
Global primary aluminum production is growing steadily.
BUY ALUMINIUM JAN @ 241 SL 239 TGT 244-246. MCX
Copper
Observations
Copper trading range for the day is 819-830.4.
Copper gains amid weaker dollar and hopes that President-elect Donald Trump's proposed tariffs would be less aggressive than promised.
Markets are hopeful that Beijing will follow through on its recent promises of increased monetary and fiscal stimulus.
Strong demand for copper, driven by the rapid adoption of electric vehicles and renewable energy technologies, also supported prices.
BUY COPPER JAN @ 822 SL 818 TGT 828-832. MCX
Zinc
Observations
Zinc trading range for the day is 267.2-274.6.
Zinc gains as markets remain optimistic that Beijing will follow through on stimulus to support economic growth.
However, ongoing uncertainties surrounding US President-elect Donald Trump’s tariff threats continue to pose risks to prices.
Zinc inventories in warehouses monitored by the Shanghai Futures Exchange down 20.9% from last Friday.
BUY ZINC JAN @ 270 SL 268 TGT 273-275. MCX
