Buy Zinc Nov @ 299 SL 297 TGT 301-303. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM NOV @ 271 SL 269 TGT 273-275. MCX
OBSERVATIONS
Aluminium trading range for the day is 269.3-273.5.
Aluminium gains amid lingering supply concerns but upside seen capped on Chinese factory data.
China reiterated its priority of preventing overcapacity in metal production to curb deflationary pressures.
Aluminium inventories in warehouses monitored by the Shanghai Futures Exchange fell 3.89% from last Friday
COPPER
BUY COPPER NOV @ 998 SL 994 TGT 1002-1006. MCX
OBSERVATIONS
Copper trading range for the day is 989.7-1008.7.
Copper gains amid signs of easing trade tensions between Washington and Beijing
Chile’s Codelco, cut its forecast for 2025 output, but new goal still exceeds the 2024 level.
The Yangshan copper premium, stayed at $35 a ton, down from $58 earlier in late September and a major retreat from above $100 in May.
ZINC
BUY ZINC NOV @ 299 SL 297 TGT 301-303. MCX
OBSERVATIONS
Zinc trading range for the day is 298.6-302.
Zinc eased amid Chinese demand and a firm dollar pressured the market.
China's factory activity shrank for a seventh month in October, with the official manufacturing PMI falling to 49.0.
International Lead and Zinc Study Group reported that refined zinc production has fallen more than 2% this year
