Buy Zinc Jul @ 264 SL 262 TGT 266-268. MCX - Kedia Advisory
Aluminium
BUY ALUMINIUM JUL @ 251 SL 249 TGT 253-255. MCX
OBSERVATIONS
Aluminium trading range for the day is 247.8-254.8.
Aluminium gains driven by Chinese buyers, hopes for a U.S.-China trade deal.
China's commerce minister said the country, wants to bring its trade ties with the U.S. back to a stable footing.
Aluminium inventories in warehouses monitored by the SHFE rose 5.5% from last Friday
Copper
BUY COPPER JUL @ 890 SL 886 TGT 895-900. MCX
OBSERVATIONS
Copper trading range for the day is 879.9-898.5.
Copper rose supported by stronger-than-expected U.S. economic data and expectations of increased Chinese buying.
U.S. retail sales increased 0.6% in June after an unrevised 0.9% drop in May.
Copper inventories in warehouses monitored by the SHFE rose 3.8% from last Friday.
Zinc
BUY ZINC JUL @ 264 SL 262 TGT 266-268. MCX
OBSERVATIONS
Zinc trading range for the day is 256.4-270.
Zinc climbed driven by optimism over possible stimulus measures from China.
Zinc supply is tightening as Chinese smelters face pressure to cut production due to capacity outpacing demand.
Zinc inventories in warehouses monitored by the SHFE rose 9.3% from last Friday, the exchange said.
