Sell Aluminium trading range for the day is 287.2-324 - Kedia Advisory
Aluminium
SELL ALUMINIUM FEB @ 310 SL 312 TGT 308-306. MCX
Observations
Aluminium trading range for the day is 287.2-324.
Aluminium dropped as profit booking triggered tracking heavy relentless fall in gold, silver and copper prices.
Aluminium inventories in warehouses monitored by the Shanghai Futures Exchange rose 10.1% from last Friday.
Global primary aluminium output in December rose 0.5% year on year to 6.296 million tonnes – IAI
Copper
SELL COPPER FEB @ 1235 SL 1245 TGT 1225-1215. MCX
Observations
Copper trading range for the day is 1119-1345.4.
Copper tumbled on profit booking with hopes for aggressive U.S. interest rate cuts starting to fade.
COMEX copper inventories topped 500,000 tons for the first time
London Metal Exchange stockpiles rose to their highest level since May 2025
Zinc
SELL ZINC FEB @ 321 SL 324 TGT 318-316. MCX
Observations
Zinc trading range for the day is 302.9-332.9.
Zinc dropped pressured by a stronger dollar and profit-taking as some investors locked in gains.
Inventories in warehouses monitored by the Shanghai Futures Exchange fell 10.9% from last Friday.
Refined zinc production was on track to fall 2% last year, despite the 6.3% jump in mined output
