Sell Copper Dec @ 1114 SL 1120 TGT 1108-1102. MCX - Kedia Advisory
Aluminium
SELL ALUMINIUM DEC @ 282 SL 284 TGT 280-278. MCX
Observations
Aluminium trading range for the day is 277.2-283.2.
Aluminium gains supported by improving demand prospects and tight global supply.
However upside seen limited as investors digested Federal Reserve comments and reassessed the 2026 rate outlook.
Inventories in warehouses monitored by the Shanghai Futures Exchange dropped 2.5% from last Friday.
Copper
SELL COPPER DEC @ 1114 SL 1120 TGT 1108-1102. MCX
Observations
Copper trading range for the day is 1087.6-1135.6.
Copper gains bolstered by China's promise of fiscal boost next year and the U.S. Fed’s interest rate cut.
China's official Xinhua news agency reported pledges by Chinese leaders to maintain a "proactive" fiscal policy in 2026.
China's consumer inflation accelerated to a 21-month peak in November, but factory-gate deflation persisted.
Zinc
SELL ZINC DEC @ 310 SL 312 TGT 308-306. MCX
Observations
Zinc trading range for the day is 299.6-324.2.
Zinc dropped as China’s factory output growth slowed to a 15-month low in November.
LME data showed inflows into zinc stocks highest since August.
Global zinc market surplus declined to 20,300 metric tons in September from 32,700 tons in August.
