Sell Copper May @ 858 SL 862 TGT 854-850. MCX - Kedia Advisory
Aluminium
SELL ALUMINIUM MAY @ 235 SL 237 TGT 233-231. MCX
OBSERVATIONS
Aluminium trading range for the day is 226.5-238.5
Aluminium gained after Guinea’s move to revoke EGA’s mining licence raised supply concerns.
However, upside seen limited as the backdrop of ample supply and lingering macroeconomic headwinds.
Global primary aluminium output in March rose 2.3% year on year to 6.227 million tonnes
Copper
SELL COPPER MAY @ 858 SL 862 TGT 854-850. MCX
OBSERVATIONS
Copper trading range for the day is 835.8-866.8.
Copper rose as signs of robust demand in China, boosted market sentiment.
Strong procurement activity from State Grid Corp of China, which has driven increased orders among wire and cable manufacturers.
Representatives from the US and China are set to meet in Switzerland this weekend to discuss trade issues
Zinc
SELL ZINC MAY @ 252 SL 254 TGT 250-248. MCX
OBSERVATIONS
Zinc trading range for the day is 242.4-255.8.
Zinc prices gained amid improving global trade sentiment.
The global refined zinc market will be in surplus this year, the International Lead and Zinc Study Group (ILZSG) said.
In March 2025, China's refined zinc production increased by nearly 14% MoM and over 4% YoY
