Buy Zinc May @ 245 SL 243 TGT 247-249. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM MAY @ 231 SL 229 TGT 233-235. MCX
OBSERVATIONS
Aluminium trading range for the day is 230.1-234.5.
Aluminium steadied as softer concerns of a US recession limited pessimism on global manufacturing activity.
US President Trump delayed the start of his aggressive reciprocal tariffs and signaled incoming trade deals.
Major aluminium producers in South East Asia noted that higher alumina supply this year will lower production costs.
COPPER
BUY COPPER MAY @ 838 SL 833 TGT 843-848. MCX
OBSERVATIONS
Copper trading range for the day is 835.4-851.
Copper gains as the dollar weakened on lingering uncertainty about US-China trade relations.
President Donald Trump stated he has no plans to speak with his Chinese counterpart this week.
Investors are also awaiting further developments on potential US trade agreements with India, Japan, and South Korea.
ZINC
BUY ZINC MAY @ 245 SL 243 TGT 247-249. MCX
OBSERVATIONS
Zinc trading range for the day is 242.8-248.6.
Zinc gains as hopes for progress in U.S. tariff talks with China provided support
U.S. President believed there was a "very good chance" his administration could do a deal with China.
Zinc inventories in warehouses monitored by SHFE fell 5.6% from last Friday, the exchange said.
