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Aluminium

SELL ALUMINIUM JAN @ 309 SL 311 TGT 306-304. MCX

Observations

Aluminium trading range for the day is 299-315.6.

Aluminium fell tracking silver and copper weakness on profit booking ahead of index rebalancing.

However, downside seen limited as investor optimism reflects early signs of economic stabilization after Beijing’s support for key sectors.

China's central bank pledges to cut RRR, interest rate in 2026

Copper

SELL COPPER JAN @ 1280 SL 1290 TGT 1265-1255. MCX

Observations

Copper trading range for the day is 1189.2-1354.4.

Copper prices fell as investors booked profits, extending a pullback from recent record highs.

Copper output in Chile, fell 7.18% year-on-year in November to 451,815 metric tons.

Goldman Sachs raised its copper price forecast for the first half of 2026 to $12,750 a metric ton from $11,525 a ton.

Zinc

SELL ZINC JAN @ 309 SL 311 TGT 306-304. MCX

Observations

Zinc trading range for the day is 301.4-312.6.

Zinc dropped as dollar index rose, its highest level since December 9, as investors weighed mixed US economic data.

Several Chinese miners are scheduled for routine maintenance shutdowns, which are expected to reduce production and tighten concentrate availability.

China’s zinc output in November rose 13.3 percent year-on-year to 654,000 metric tons.