Sell Aluminium MAY @ 371 SL 374 TGT 368-365. MCX - Kedia Advisory
ALUMINIUM
SELL ALUMINIUM MAY @ 371 SL 374 TGT 368-365. MCX
Observations
Aluminium trading range for the day is 361.3-380.9.
Aluminium prices slipped on hopes of easing supply disruptions from the Gulf.
Indonesia's March aluminium exports hit 28 – month high as metal flows to US
BOFA brought forward its $4,000 per metric ton aluminium price forecast to Q426 from the second quarter of 2027.
COPPER
BUY COPPER MAY @ 1302 SL 1292 TGT 1315-1325. MCX
Observations
Copper trading range for the day is 1286.7-1323.7.
Copper rises as Trump signals possible Iran peace deal, China resumes trade
The US stated it submitted a memorandum to end the war with Iran and threatened new attacks should peace not be accepted.
Chile faces supply risks as the conflict disrupted sulphur flows to China, prompting Beijing to curb exports of sulphuric acid.
ZINC
BUY ZINC MAY @ 344 SL 341 TGT 347-350. MCX
Observations
Zinc trading range for the day is 341.9-352.3.
Zinc rose amid ease in US Iran tension and tightening near-term supply.
The decline in LME inventories, alongside a narrowing Cash-3M contango, signaled reduced prompt availability. Stocks at the Shanghai
Futures Exchange continued to drop and port-side concentrate inventories fell sharply.
