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Aluminium

BUY ALUMINIUM JUN @ 239 SL 237 TGT 241-243. MCX

OBSERVATIONS

Aluminium trading range for the day is 237.4-242.6.

Aluminium prices rose as US-China trade talks resumed, boosting investor confidence.

Trump confirmed trade talks in London led by US and Chinese top officials.

China's May aluminium exports rose 5.6% monthly but fell 3.2% year-on-year.

Copper

BUY COPPER JUN @ 878 SL 874 TGT 886-890. MCX

OBSERVATIONS

Copper trading range for the day is 874.9-885.3.

Copper prices fell on weak Chinese industrial demand and declining import volumes.

Downside limited by supply disruptions in South America and Africa.

LME copper stocks fell to 138,000 tons—lowest in nearly a year.

Zinc

BUY ZINC JUN @ 251 SL 249 TGT 253-255. MCX

OBSERVATIONS

Zinc trading range for the day is 249.7-254.3.

Zinc prices fell due to global trade tensions and weak industrial demand.

China’s slowing manufacturing activity continues to dampen market sentiment.

Stimulus hopes rise as China’s PMI contracts for the second straight month.