Sell Copper JAN @ 733 SL 737 TGT 728-725. MCX - Kedia Advisory
ALUMINIUM
OBSERVATIONS
Aluminium trading range for the day is 210.5-213.5.
Aluminium gains as Qinghai earthquake prompts power management, impacting aluminium supply.
Aluminium stocks over the past two days rose by 42,400 metric tons to 551,050, the highest since June 19.
Aluminum production hub Qinghai issues power rationing emergency plan
SELL ALUMINIUM JAN @ 213 SL 215 TGT 211-209. MCX
Copper
OBSERVATIONS
Copper trading range for the day is 728.4-733.2.
Copper remained in range as demand in China was subdued after a burst of restocking seen recently
China aims to expand domestic demand, ensure speedy recovery, promote stable growth
China smelters cut Q1 copper guidance price as supply outlook tightens
SELL COPPER JAN @ 733 SL 737 TGT 728-725. MCX
ZINC
OBSERVATIONS
Zinc trading range for the day is 232-234.4.
Zinc settled flat as zinc inventories in SHFE warehouses fell -16.60% on weekly basis.
The market's optimism that the U.S. will cut interest rates as early as March continues to grow
The industrial outlook for the next year improved on hopes of early interest rate cuts from major central banks
SELL ZINC JAN @ 234 SL 236 TGT 232-230. MCX
