Sell Copper Aug @ 890 SL 895 TGT 885-850. MCX - Kedia Advisory
Aluminium
SELL ALUMINIUM AUG @ 255 SL 257 TGT 253-251. MCX
Observations
Aluminium trading range for the day is 252.2-256.
Aluminium prices gains bolstered by hopes of U.S. interest rate cuts and upbeat economic data in China.
Aluminium inventories in warehouses monitored by the Shanghai Futures Exchange fell 3.3% from last Friday.
China exported 542,000 tonnes of unwrought aluminium and aluminium products, in July, up from June's 489,000 tonnes.
Copper
SELL COPPER AUG @ 890 SL 895 TGT 885-850. MCX
Observations
Copper trading range for the day is 878.5-895.1.
Copper prices edge higher amid persistent supply concerns and the normalization of LME inventory levels.
China's July trade data was broadly neutral for copper prices, with imports of both unwrought copper and copper ores rising.
Copper inventories in warehouses monitored by the Shanghai Futures Exchange rose 12.9% from last Friday.
Zinc
SELL ZINC AUG @ 271 SL 273 TGT 269-267. MCX
Observations
Zinc trading range for the day is 267.3-271.9.
Zinc gains supported by a weaker U.S. dollar and expectations of better demand from China
China's exports beat forecasts in July, as manufacturers made the most of a fragile tariff truce between Beijing and Washington to ship goods.
Zinc inventories in warehouses monitored by the Shanghai Futures Exchange rose 6.8% from last Friday.
