Sell Aluminium Jan @ 202 SL 204 TGT 200-198. MCX -Kedia Advisory
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ALUMINIUM
OBSERVATIONS
Aluminium trading range for the day is 198.9-202.3.
Aluminium recovers as LME stocks had fallen from a seven-month high.
Chinese premier Li: China economy growth estimated at 5.2% in 2023
China’s unwrought aluminum and aluminum products exports keep flat in Dec m-o-m
SELL ALUMINIUM JAN @ 202 SL 204 TGT 200-198. MCX
COPPER:
OBSERVATIONS:
Copper trading range for the day is 711.1-719.7.
Copper steadied as lingering supply concerns offset strength in the dollar and uncertain demand.
Global copper output remained under pressure following the halt in production from First Quantum’s Cobre mine in Panama
Copper stocks at major Chinese warehouses have risen by nearly 40% since the start of the year
SELL COPPER JAN @ 718 SL 722 TGT 713-710. MCX
ZINC:
OBSERVATIONS:
Copper trading range for the day is 711.1-719.7
Copper steadied as lingering supply concerns offset strength in the dollar and uncertain demand
Global copper output remained under pressure following the halt in production from First Quantum’s Cobre mine in Panama
SELL ZINC JAN @ 226 SL 228 TGT 223-221. MCX
