Sell Copper May @ 858 SL 863 TGT 853-848. MCX - Kedia Advisory
ALUMINIUM
SELL ALUMINIUM MAY @ 237 SL 239 TGT 235-233. MCX
OBSERVATIONS
Aluminium trading range for the day is 232.7-239.9.
Aluminium dropped weighed down by jump in the dollar, fuelled by the signs of easing tariff tensions.
China's primary aluminium production grew by 2.6% year-on-year in the first quarter of 2025 - IAI
Aluminium inventories in warehouses monitored by the Shanghai Futures Exchange fell 6.2%
COPPER
SELL COPPER MAY @ 858 SL 863 TGT 853-848. MCX
OBSERVATIONS
Copper trading range for the day is 846.1-866.1.
Copper dropped amid stronger dollar amid signs of easing global trade tensions
US President Donald Trump affirming that negotiations with China are underway.
Copper inventories in warehouses monitored by the Shanghai Futures Exchange fell 32% from last Friday
Zinc
SELL ZINC MAY @ 253 SL 255 TGT 251-249. MCX
OBSERVATIONS
Zinc trading range for the day is 248.7-257.5.
Zinc prices eased amid stronger dollar and demand uncertainty
In March 2025, China's refined zinc production increased by nearly 14% MoM and over 4% YoY
Zinc inventories in warehouses monitored by the Shanghai Futures Exchange fell 12.3% from last Friday
