Buy Zinc Jun @ 250 SL 248 TGT 252-254. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM JUN @ 241 SL 239 TGT 243-245. MCX
Observations
Aluminium trading range for the day is 237-246.6.
Aluminium dropped as the dollar index climbed after Israel launched a large-scale military strike on Iran.
China’s aluminium production in May 2025 increased by 2.7% YoY and 3.4% MoM.
Aluminium inventories in warehouses monitored by SHFE fell 6.9% from last Friday
COPPER
BUY COPPER JUN @ 872 SL 868 TGT 876-880. MCX
Observations
Copper trading range for the day is 863.1-883.3.
Copper rebounds as SHFE stocks drop 5.5% and US-China trade ties show signs of easing.
US President Trump renewed threats of unilateral tariffs to pressure trade partners, further clouding the global demand outlook.
Meanwhile, concerns over weakening demand from top consumer China continued to mount.
ZINC
BUY ZINC JUN @ 250 SL 248 TGT 252-254. MCX
Observations
Zinc trading range for the day is 245.6-255.8.
Zinc edged lower weighed down by a stronger dollar as investors sold risky assets after Israel attacked Iran.
Pressure also seen as market optimism waned after the U.S.-China trade talks.
Zinc inventories in warehouses monitored by SHFE fell 3.3% from last Friday.
