Buy Zinc trading range for the day is 319-331.4. - Kedia Advisory
Aluminium
BUY ALUMINIUM MAR @ 324 SL 322 TGT 326-328. MCX
Observations
Aluminium trading range for the day is 319.4-332.6.
Aluminium rose as Middle East war threatens supply disruptions
Aluminum rallies after QatarEnergy halts output
Morgan Stanley says its bull case for aluminium for FY 2026 is $3700/T
Copper
BUY COPPER MAR @ 1200 SL 1194 TGT 1208-1216. MCX
Observations
Copper trading range for the day is 1162.7-1239.5.
Copper dropped as war in the Middle East triggered a surge in dollar and hampered global manufacturing activity.
Flooding disrupts copper shipments from DRC after bridge collapse near Zambian border
Goldman Sachs raises copper price forecast to $12,200 by end – 2026
Zinc
BUY ZINC MAR @ 326 SL 324 TGT 328-330. MCX
Observations
Zinc trading range for the day is 319-331.4.
Zinc dropped as the war in Iran triggered a surge for the US dollar and developed risks to global manufacturing demand.
Zinc inventories in warehouses monitored by the Shanghai Futures Exchange rose 44.8%.
Goldman Sachs expects the global zinc market to be in a small surplus this year, driven by growing mine supply.
