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2025-01-15 10:40:35 am | Source: Kedia Advisory
Sell Zinc Jan @ 275 SL 277 TGT 273-271. MCX - Kedia Advisory

Aluminium

Observations

Aluminium trading range for the day is 243.2-250.2.

Aluminium gains on concern over sliding LME stocks, dropped 45% since May.

However upside seen limited as Japan's December aluminium stocks up 13.2% m/m

Global primary aluminum production is growing steadily.

SELL ALUMINIUM JAN @ 248 SL 250 TGT 246-244. MCX

 

Copper

Observations

Copper trading range for the day is 824.1-835.7.

Copper gains as the Chinese government pledged aggressive bouts of economic support.

However upside seen capped by the dollar’s rally following strong labor data in the US.

Imports of unwrought copper and products to China soared by 18% to 559 thousand tonnes in December

SELL COPPER JAN @ 832 SL 836 TGT 828-825. MCX

 

Zinc

Observations

Zinc trading range for the day is 270-276.2.

Zinc gains as the Chinese government committed to aggressive economic support measures.

However, markets remain optimistic that Beijing will follow through on its recent commitments to ramp up monetary and fiscal stimulus.

Zinc inventories in warehouses monitored by the Shanghai Futures Exchange down 10.80% from last Friday.

SELL ZINC JAN @ 275 SL 277 TGT 273-271. MCX

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