Powered by: Motilal Oswal
2024-05-23 10:02:37 am | Source: Kedia Advisory
Sell Copper MAY @ 900 SL 904 TGT 895-892. MCX - Kedia Advisory

Aluminium

Aluminium trading range for the day is 233.9-254.1.

Aluminium prices dropped as China's April aluminium imports jump 72.1% YOY

Aluminium stocks on the SHFE stood at 231,765 tons, up 139.8% from the beginning of this year and near a one-year peak.

Global aluminium output rises 3.3% year on year in April – IAI

SELL ALUMINIUM MAY @ 243 SL 246 TGT 240-238. MCX

 

Copper

Copper trading range for the day is 870.8-942.8.

Copper prices slipped as funds locked in profits from a rally to record highs.

Copper inventory in warehouses monitored by the SHFE remained close to 300,000 tons.

China's April refined copper output jumps 9% on – year

SELL COPPER MAY @ 900 SL 904 TGT 895-892. MCX

 

Zinc

Zinc trading range for the day is 266.3-280.5.

Zinc dropped on profit booking after prices gained amid China’s stimulus measures for clues on future construction demand.

China's industrial production expanded by 6.7% year-on-year in April 2024, faster than a 4.5% growth in the previous month.

China's retail sales rose by 2.3% year-on-year in April 2024

SELL ZINC MAY @ 273 SL 276 TGT 270-268. MCX

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here