Sell Copper Jan @ 843 SL 848 TGT 837-832. MCX - Kedia Advisory
Aluminium
Observations
Aluminium trading range for the day is 250.8-256.
Aluminium settled firm amid U.S -China optimism and Russian sanction moves
Global primary aluminium output in December rose 3% year on year to 6.236 million tonnes
Aluminium stocks at three major Japanese ports rose to 323,600 metric tons by the end of December.
SELL ALUMINIUM JAN @ 253 SL 255 TGT 251-249. MCX
Copper
Observations
Copper trading range for the day is 827.1-857.1.
Copper surged after major copper producer Freeport-McMoRan missed its fourth-quarter production targets.
Prices were supported by US President Trump’s decision to refrain from imposing new tariffs..
Copper inventories in warehouses monitored by the Shanghai Futures Exchange rose 10.4% from last Friday.
SELL COPPER JAN @ 843 SL 848 TGT 837-832. MCX
Zinc
Observations
Zinc trading range for the day is 264.7-276.1.
Zinc dropped as investors looked for clarity on U.S. President Donald Trump's tariff and policy plans.
The global zinc market deficit in November fell to 52,900 metric tons from 65,400 tons in October.
Industrial output in China accelerated sharply in December and credit aggregates gained traction
SELL ZINC JAN @ 270 SL 272 TGT 267-265. MCX
