Buy Zinc May @ 246 SL 244 TGT 248-250. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM MAY @ 231 SL 229 TGT 233-235. MCX
OBSERVATIONS
Aluminium trading range for the day is 228.9-235.1.
Aluminium dropped amid lingering concerns about the broader economic impact from trade disputes.
U.S. Secretary Bessent defended Trump's tariffs, emphasizing that his broader agenda including tax cuts would eventually lead to long-term economic growth.
The first quarter saw the U.S. economy shrink for the first time in three years
COPPER
BUY COPPER MAY @ 848 SL 844 TGT 852-856. MCX
OBSERVATIONS
Copper trading range for the day is 838.6-859.2.
Copper rose on hopes that the US and China could start trade negotiations soon amid efforts to ease tariff tensions
Copper prices received further support from falling inventories in China, signaling tighter supply conditions.
President Trump said that he has no plans to speak with President Xi Jinping this week.
ZINC
BUY ZINC MAY @ 246 SL 244 TGT 248-250. MCX
OBSERVATIONS
Zinc trading range for the day is 244.3-250.7.
Zinc gains amid signs of U.S.-China trade talks boosted sentiment.
However, lingering concerns about the broader economic impact from trade disputes limited gains.
In a tit-for-tat tariff escalation, China imposed duties of up to 125% on U.S. goods and expanded its export-restriction list.
