Sell Copper MAR @ 730 SL 734 TGT 726-722. MCX - Kedia Advisory
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ALUMINIUM
Observation
Aluminium trading range for the day is 198.1-203.9.
Aluminium gains as domestic social inventories of aluminium ingots down by 24.6% YoY.
SHFE aluminium inventories rose 10.2% from last Friday
China's official PMI fell to 49.1 in February from 49.2 in January
SELL ALUMINIUM MAR @ 202 SL 204 TGT 200-198. MCX
COPPER
Observation
Copper trading range for the day is 719.5-733.9.
Copper settled flat as China’s measures failing to stimulate demand.
Factory activity contracted for a fifth consecutive month in February
SHFE Copper inventories rose 18.3% from last Friday
SELL COPPER MAR @ 730 SL 734 TGT 726-722. MCX
ZINC
Observation
Zinc trading range for the day is 211.8-216.4.
Zinc dropped amid compounding concerns of low demand metals in China.
SHFE zinc inventories rose 10.2% from last Friday
China General Manufacturing PMI was up to 50.9 in February 2024 from 50.8 in the prior two months
SELL ZINC MAR @ 216 SL 218 TGT 214-212. MCX
