04-07-2024 10:11 AM | Source: Kedia Advisory
Buy Zinc Jul @ 271 SL 269 TGT 274-276. MCX - Kedia Advisory

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

Aluminium trading range for the day is 229.2-236.2.

Aluminium gains as sentiment lifted by China's central bank's reinforcement of its easing monetary stance.

Global primary aluminium output rose 3.4% year on year to 6.1 million tons in May

China aluminium production up 7.2 % to 3.65 mln tonnes in May

BUY ALUMINIUM JUL @ 232 SL 230 TGT 235-237. MCX

 

Copper

OBSERVATIONS

Copper trading range for the day is 841.5-877.3.

Copper prices climbed with renewed hopes of U.S. rate

Fed’s Powell struck a moderately dovish tone, suggesting that the U.S. central bank is more than likely to start its easing cycle later this year.

China's services activity expanded at the slowest pace in eight months and confidence hit a four-year low in June.

BUY COPPER JUL @ 860 SL 856 TGT 865-868. MCX

 

Zinc

OBSERVATIONS

Zinc trading range for the day is 265.6-277.2.

Zinc gains amid hopes of improved demand in China following recent price drops and supply concerns.

The global zinc market surplus fell to 22,100 metric tons in April from 70,100 tons in March.

In China, zinc concentrate imports decreased by 24% in the first four months of this year compared to the previous year.

BUY ZINC JUL @ 271 SL 269 TGT 274-276. MCX

To Read Complete Report & Disclaimer     Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer