Sell Aluminium Aug @ 252 SL 254 TGT 250-248. MCX - Kedia Advisory
Aluminium
SELL ALUMINIUM AUG @ 252 SL 254 TGT 250-248. MCX
OBSERVATIONS
Aluminium trading range for the day is 250-253.4.
Aluminium settled flat as markets recalibrated their expectations of fiscal support from the Chinese government
U.S. jobs data was weaker than expected, suggesting a sharp deterioration in labour market conditions.
China’s aluminium production in June 2025 (30 days) decreased by 3.23% MoM.
Copper
SELL COPPER AUG @ 883 SL 888 TGT 878-874. MCX
OBSERVATIONS
Copper trading range for the day is 874.1-892.9.
Copper prices eased slightly after data showed stocks had risen on the London Metal Exchange.
Copper stored in LME registered warehouses rose by 14,275 tons to a total of 153,850 tons, marking a gain of 70% since late June.
However, expectations of rate cuts in US and concern about possible disruption of supplies from Chile limited selling.
Zinc
SELL ZINC AUG @ 266 SL 268 TGT 264-262. MCX
OBSERVATIONS
Zinc trading range for the day is 263.1-268.5.
Zinc dropped as demand concerns lingered as China's manufacturing activity contracted in July.
However downside seen limited as zinc supply is tightening as Chinese smelters face pressure to cut production due to capacity outpacing demand.
However upside seen limited as demand concerns lingered as China's manufacturing activity contracted in July.
