Buy Zinc Jun @ 251 SL 249 TGT 253-255. MCX - Kedia Advisory
Aluminium
BUY ALUMINIUM JUN @ 241 SL 239 TGT 243-245. MCX
Observations
Aluminium trading range for the day is 240.6-244.2.
Aluminium climbed as investors welcomed the positive outcome of a two-day round of US-China trade talks.
US primary aluminium imports fall by 20% in Apr due to tariffs
China’s export growth in May missed expectations, mainly due to a sharp drop in shipments.
Copper
BUY COPPER JUN @ 870 SL 865 TGT 875-880. MCX
Observations
Copper trading range for the day is 860.7-887.3.
Copper dropped on profit booking as markets digested the outcome of US–China trade talks.
Copper output from Chile's Codelco climbs 21% in April
LME copper inventories continue to decline, with significant volumes being shipped to the US in anticipation of potential import tariffs.
Zinc
BUY ZINC JUN @ 251 SL 249 TGT 253-255. MCX
Observations
Zinc trading range for the day is 250.5-256.1.
Zinc gains amid renewed optimism following a framework agreement between US and Chinese officials
China’s slowing manufacturing activity continues to dampen market sentiment.
Stimulus hopes rise as China’s PMI contracts for the second straight month.
