Sell Aluminium APR @ 374 SL 377 TGT 371-369. MCX - Kedia Advisory
Aluminium
SELL ALUMINIUM APR @ 374 SL 377 TGT 371-369. MCX
Observations
Aluminium trading range for the day is 369.1-375.3.
Aluminium dropped on profit booking after prices gained amid a prolonged disruption to Middle Eastern supply.
The global aluminium market is already experiencing a "black swan" supply shock due to disruptions stemming from the war
LME aluminium inventory continued to decline, with the latest level at 393,800 mt, reinforcing supply concerns.
Copper
SELL COPPER APR @ 1280 SL 1290 TGT 1270-1260. MCX
Observations
Copper trading range for the day is 1255.8-1294.2.
Copper slid as dollar strengthened and uncertainties surrounding the Middle East peace talks.
Copper inventories on the U.S. Comex exchange have climbed to a record high.
Rising concerns over a lack of sulphuric acid is pointing to rising supply concerns over copper.
Zinc
SELL ZINC APR @ 349 SL 352 TGT 346-344. MCX
Observations
Zinc trading range for the day is 343.7-351.9.
Zinc dropped as the outlook for the ceasefire and the prospect of an Iran peace deal remained uncertain.
The global refined copper market showed a 17,000 metric tons surplus in January
World refined zinc metal output will rise by 1.4% to 13.99 million tons in 2026 - ILZSG
