SELL COPPER JUL @ 892 SL 896 TGT 888-884. MCX - Kedia Advisory
ALUMINIUM
SELL ALUMINIUM JUL @ 248 SL 250 TGT 246-244. MCX
OBSERVATIONS
Aluminium trading range for the day is 246-248.8.
Aluminium fell after Trump signaled imminent new trade deals and higher tariffs by early August.
LME aluminium stocks jumped over 20,000 tons to 356,975 since June 25, adding supply pressure.
China’s official manufacturing PMI showed continued contraction, though supply concerns offset weak demand fears.
COPPER
SELL COPPER JUL @ 892 SL 896 TGT 888-884. MCX
OBSERVATIONS
Copper trading range for the day is 883.5-894.9.
Copper fell as investors continued to grapple with global trade uncertainties.
Copper inventories in warehouses monitored by the Shanghai Futures Exchange rose 3.7% from last Friday, the exchange said.
Chinese manufacturing surprisingly expanded in June, supporting optimism for copper demand.
ZINC
SELL ZINC JUL @ 256 SL 258 TGT 254-252. MCX
OBSERVATIONS
Zinc trading range for the day is 252.6-256.8.
Zinc prices fell pressured by concerns over U.S. trade negotiations and uncertainty surrounding potential tariffs.
US to notify about a dozen countries of higher tariff rates starting next Monday.
Shanghai zinc inventories rose 4% last week, signaling weaker manufacturing offtake amid soft demand.
