Sell Aluminium Mar @ 266 SL 268 TGT 264-262. MCX - Kedia Advisory
Aluminium
SELL ALUMINIUM MAR @ 266 SL 268 TGT 264-262. MCX
OBSERVATIONS
Aluminium trading range for the day is 262.6-267.
Aluminium rose as lower supply from major producers magnified expectation of stronger demand.
U.S. President announced import tariffs of 25% on steel and aluminium are still scheduled to take effect on 12 March.
Aluminium exports out of China were muted after the government ended tax rebates on overseas sales
Copper
SELL COPPER MAR @ 878 SL 883 TGT 872-868. MCX
OBSERVATIONS
Copper trading range for the day is 869.1-886.5.
Copper dropped as disappointing economic data from China dampened market sentiment.
China’s consumer and producer prices declined in February, underscoring persistent deflationary pressures.
China’s economic outlook remains uncertain, weighed down by weak domestic demand and an escalating trade war with the US.
Zinc
SELL ZINC MAR @ 272 SL 274 TGT 270-268. MCX
OBSERVATIONS
Zinc trading range for the day is 269.9-273.9.
Zinc slipped as traders assessed uncertainties surrounding U.S. tariff policies
The market focused on the negative consequences for global economic growth and demand from U.S. import tariffs.
Data showed Chinese imports unexpectedly shrank over January-February, while exports lost momentum
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