Sell Copper Feb @ 868 SL 872 TGT 862-858. MCX - Kedia Advisory
Aluminium
SELL ALUMINIUM FEB @ 265 SL 267 TGT 263-261. MCX
Observations
Aluminium trading range for the day is 262.5-266.9.
Aluminium dropped as inventories in warehouses monitored by the Shanghai Futures Exchange rose 17.5%.
However downside seen limited as EU envoys' agreement to ban Russian primary aluminium imports in a fresh sanctions package.
Global primary aluminium output in January rose 2.7% year on year to 6.252 million tonnes - IAI
Copper
SELL COPPER FEB @ 868 SL 872 TGT 862-858. MCX
Observations
Copper trading range for the day is 857.5-875.1.
Copper eased after U.S. President Donald Trump threatened to impose tariffs on cars and semiconductors chips.
Shanghai warehouse copper stocks up 12.9%
China's central bank vowed to provide strong financial support for the healthy development of private economy.
Zinc
SELL ZINC FEB @ 273 SL 275 TGT 270-268. MCX
Observations
Zinc trading range for the day is 268-274.6.
Zinc rises as PBOC signals timely policy adjustments to boost economy
PBoC plans to utilize a comprehensive set of monetary policy tools, including interest rates and the bank reserve requirement ratio.
Zinc inventories in warehouses monitored by the Shanghai Futures Exchange rose 26.3 % from last Friday.
