Buy Zinc May @ 346 SL 343 TGT 349-352. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM MAY @ 367 SL 364 TGT 370-373. MCX
Observations
Aluminium trading range for the day is 362.5-372.1.
Aluminium dropped on profit booking after news the U.S. and Iran were nearing a temporary agreement to end the war.
LME aluminium inventory drops 2,000 mt to multi-year low of 358,200 mt
ANZ forecasts global aluminium deficit to widen to 2.7 million tonnes in 2026
COPPER
BUY COPPER MAY @ 1300 SL 1290 TGT 1312-1320. MCX
Observations
Copper trading range for the day is 1294.2-1320.
Copper dropped on profit booking after prices gained supported by easing in Middle East, a softer dollar
Copper stocks in warehouses monitored by the SHFE have more than halved to 192,025 tons since mid-March.
Yangshan copper premium, is up more than 60% since early March.
ZINC
Observations
Zinc trading range for the day is 344.7-350.5.
Zinc gained as hopes of easing tensions in the Middle East provided relief.
The supply deficit for zinc is the largest among all major metals - Trafigura
BofA raised its 2026 price forecast for zinc by 12.7% to $3,309, saying that markets outside China should remain tight.
