Buy Zinc MAY @ 340 SL 337 TGT 344-347. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM MAY @ 370 SL 367 TGT 373-376. MCX
Observations
Aluminium trading range for the day is 367.1-373.3.
Aluminium gains on fears of supply shortages as the standoff between the U.S. and Iran continued
China General Manufacturing PMI climbed to 52.2 in April 2026 from 50.8 in March, above the expected 51.
BOFA brought forward its $4,000 per metric ton aluminium price forecast to the fourth quarter of 2026 from the second quarter of 2027.
COPPER
BUY COPPER MAY @ 1270 SL 1260 TGT 1282-1290. MCX
Observations
Copper trading range for the day is 1265.5-1291.7.
Copper dropped as fresh demand headwinds from the Iran-US conflict momentarily offset the impact of tight supply.
Claims that Iran struck US military vessels dimmed the likelihood of energy exports from the region.
LME copper stocks have more than doubled since early January
ZINC
BUY ZINC MAY @ 340 SL 337 TGT 344-347. MCX
Observations
Zinc trading range for the day is 340.1-345.1.
Zinc dropped as Boliden’s plan to resume production at Garpenberg in Q2 helped ease some supply concerns.
LME inventories continued to fall, while the narrowing Cash-3M contango signaled a firmer market structure.
Bank of America lifted its 2026 zinc price forecast by 12.7% to $3,309 a metric ton.
