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2024-12-19 11:29:09 am | Source: Kedia Advisory
Sell Aluminium Dec @ 243 SL 245 TGT 241-239. MCX - Kedia Advisory

Aluminium

Observation

Aluminium trading range for the day is 240.7-244.1.

Aluminium prices settled weak amid rising output in China.

Beijing braces for more U.S. trade tariffs under a second Donald Trump administration.

China’s industrial output grew ahead of expectations.

SELL ALUMINIUM DEC @ 243 SL 245 TGT 241-239. MCX

 

Copper

Observation

Copper trading range for the day is 800.9-814.3.

Copper recovered as China's refined copper production fell 1.6% to 1.13 million tons in November

Peru's copper production in October fell 1.4% compared to the same month last year

Retail sales growth in China slowed more than expected in November, reflecting weakening consumption.

SELL COPPER DEC @ 810 SL 814 TGT 806-802. MCX

 

Zinc

Observation

Zinc trading range for the day is 278.9-284.9.

Zinc dropped pressured from ongoing demand uncertainty in China

In China, new home prices fell for the 17th consecutive month, highlighting ongoing challenges in the property sector.

Beijing's latest stimulus pledges have failed to generate significant investor optimism

SELL ZINC DEC @ 283 SL 285 TGT 281-279. MCX

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