Sell Aluminum Jul @ 345 SL 348 TGT 342-340. MCX - Kedia Advisory
Aluminium
SELL ALUMINIUM JUL @ 345 SL 348 TGT 342-340. MCX
Observations
Aluminium trading range for the day is 339.4-346.2.
Aluminium dropped weighed by renewed tensions in the Middle East lifted oil prices and heightened inflation concerns.
Alcoa lowered its 2026 alumina production guidance by 200,000–300,000 tonnes to 9.5–9.6 million tonnes
Aluminium inventories in warehouses monitored by the SHFE fell 1.12% from last Friday.
Copper
SELL COPPER JUL @ 1310 SL 1320 TGT 1300-1290. MCX
Observations
Copper trading range for the day is 1285.7-1312.9.
Copper dropped as the escalating conflict between the US and Iran triggered a broad selloff across metals markets.
Investors weighed gloomy Chinese macroeconomic conditions with lower U.S. consumer inflation data.
Copper inventories in warehouses monitored by the SHFE fell 20.30% from last Friday.
Zinc
SELL ZINC JUL @ 376 SL 379 TGT 373-370. MCX
Observations
Zinc trading range for the day is 369.5-378.1.
Zinc fell as escalating tensions in the Middle East spurred inflation concerns and cast a shadow over the demand outlook.
Zinc inventories in warehouses monitored by the SHFE fell 0.28% from last Friday.
GDP growth in China cooled to a 3.5-year low, missing forecasts on weak domestic demand.
