SELL ALUMINIUM DEC @ 280 SL 282 TGT 278-276. MCX - Kedia Advisory
ALUMINIUM
SELL ALUMINIUM DEC @ 280 SL 282 TGT 278-276. MCX
Observations
Aluminium trading range for the day is 275.5-283.9.
Aluminium dropped tracking other base metals prices as investors digested Fed comments and reassessed the 2026 rate outlook.
Beijing has recently signaled fresh stimulus measures to extend the combat against its property crisis.
Inventories in warehouses monitored by the Shanghai Futures Exchange dropped 2.5% from last Friday.
COPPER
SELL COPPER DEC @ 1100 SL 1105 TGT 1095-1090. MCX
Observations
Copper trading range for the day is 1058.6-1144.
Copper dropped on profit booking after some Fed officials voiced concerns about further rate cuts.
China's official Xinhua news agency reported pledges by Chinese leaders to maintain a "proactive" fiscal policy in 2026.
ANZ Research expects copper prices to remain above $11,000 per ton in 2026, with prices potentially nearing $12,000 by year-end.
ZINC
SELL ZINC DEC @ 317 SL 319 TGT 315-313. MCX
Observations
Zinc trading range for the day is 308.9-328.3.
Zinc fell as LME stocks rose by 1,800 tons to 61,925, the highest since August.
Global zinc market fundamentals remain tight due to limited concentrate supply and Chinese smelter policies.
Global zinc market surplus declined to 20,300 metric tons in September from 32,700 tons in August.
