Sell Aluminium Jul @ 249 SL 251 TGT 247-245. MCX - Kedia Advisory
ALUMINIUM
SELL ALUMINIUM JUL @ 249 SL 251 TGT 247-245. MCX
Observations
Aluminium trading range for the day is 245.9-249.5.
Aluminium rises on bauxite supply risks and hopes of strong global manufacturing demand.
Weaker U.S. dollar and China stimulus hopes support broader base metals rally.
Japan Q3 aluminium premium falls 41% to $108/ton—lowest since Q1 2024.
COPPER
SELL COPPER JUL @ 900 SL 904 TGT 894-890. MCX
Observations
Copper trading range for the day is 882.3-903.7.
Copper gains as Trump tariff threat prompts traders to shift metal between exchanges.
LME inventories plunge 80% YTD on-warrant, driving strong backwardation in futures curve.
Tom/next spread widens to $40/ton amid storage squeeze in key locations.
ZINC
SELL ZINC JUL @ 261 SL 263 TGT 259-257. MCX
Observations
Zinc trading range for the day is 253.1-267.5.
Zinc rises as weak U.S. dollar boosts metals; DXY hits lowest since early 2022.
South China smelters face rain-related disruptions; SHFE zinc inventories fall 5.7%.
Australian smelter Nyrstar to cut output by 25% amid ore shortage and low treatment fees.
