Sell Zinc Apr @ 234 SL 238 TGT 230-228. MCX - Kedia Advisory
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Aluminium
Observations
Aluminium trading range for the day is 219.9-226.9.
Aluminium gains as higher premiums Japanese buyers having to pay boosted sentiment.
Support also seen amid stronger-than-expected economic data from China
U.S. manufacturing expanded for the first time in 1-1/2 years in March.
SELL ALUMINIUM APR @ 225 SL 227 TGT 222-220. MCX
Copper
Observations
Copper trading range for the day is 790.5-808.7.
Copper dropped as discount for LME cash over 3-month copper at record high
Chinese copper factories typically slow down over the northern hemisphere summer months.
The global refined copper market showed an 84,000 metric tons surplus in January
SELL COPPER APR @ 802 SL 806 TGT 796-790. MCX
Zinc
Observations
Zinc trading range for the day is 229.4-236.
Zinc dropped as the U.S. dollar rose after March job growth beat expectations
Zinc inventories in LME and SHFE warehouses have been rising
Japan's Toho Zinc sees 4.3% drop in H1 zinc output y/y
SELL ZINC APR @ 234 SL 238 TGT 230-228. MCX
