Sell Zinc Jul @ 255 SL 257 TGT 253-251. MCX - Kedia Advisory
ALUMINIUM
SELL ALUMINIUM JUL @ 249 SL 251 TGT 247-245. MCX
Observations
Aluminium trading range for the day is 244.9-250.3.
Aluminium dips as Iran-Israel ceasefire eases oil, Hormuz shipping threats
China's imports of unwrought aluminium and aluminium products climbed 14.7% year-on-year in May
Global aluminium output rises 1.5% year on year in May – IAI
COPPER
BUY COPPER JUL @ 885 SL 860 TGT 880-875. MCX
Observations
Copper trading range for the day is 874.9-892.9.
Copper prices fall on concerns of potential destocking cycle by U.S. firms.
Trump’s Israel-Iran ceasefire announcement boosts market sentiment temporarily.
LME copper stocks down 65% since Feb to 94,675 tons—lowest since Aug 2023.
ZINC
SELL ZINC JUL @ 255 SL 257 TGT 253-251. MCX
Observations
Zinc trading range for the day is 252.1-257.9.
Zinc falls on profit booking after rain-hit South China smelter output boost
Pressure seen amid mounting concerns over weakening demand in China, continued to weigh on sentiment.
Zinc remains under pressure from weak manufacturing demand, particularly in China.
