Buy Zinc Jan @ 272 SL 270 TGT 274-276. MCX - Kedia Advisory
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Aluminium
Observations
Aluminium trading range for the day is 237-242.2.
Aluminium gains on worries about supplies on the LME market.
The discount for the cash contract over three-month aluminium narrowed to around $19 a ton from more than $40 in December.
Global primary aluminium output in November rose 3% year on year to 6.04 million tonnes
BUY ALUMINIUM JAN @ 238 SL 236 TGT 241-243. MCX
Copper
Observations
Copper trading range for the day is 806.5-824.3.
Copper prices received support from an improving economic outlook in China.
Beijing recently pledged to implement "more proactive" macroeconomic policies and lower interest rates this year to boost growth.
Investors are focusing on key US labor market data this week to assess the outlook for Federal Reserve monetary policy.
BUY COPPER JAN @ 813 SL 808 TGT 820-824. MCX
Zinc
Observations
Zinc trading range for the day is 271.3-276.7.
Zinc prices dropped amid concerns about demand in China.
However, downside limited amid hopes that President-elect Donald Trump's proposed tariffs would be less aggressive than promised.
In December 2024, domestic refined zinc production will increase by over 20,000 mt MoM or about 5% MoM
BUY ZINC JAN @ 272 SL 270 TGT 274-276. MCX
