Sell Zinc MAY @ 261 SL 263 TGT 259-257. MCX - Kedia Advisory
ALUMINIUM
SELL ALUMINIUM MAY @ 242 SL 244 TGT 240-238. MCX
OBSERVATIONS
Aluminium trading range for the day is 237.5-246.1.
Aluminium falls as US-China tariff truce spurs caution, recession fears weigh.
Japan's April aluminium stocks rise 3.4% m/m
Global aluminium output rises 2.3% year on year in March – IAI
COPPER
SELL COPPER MAY @ 864 SL 868 TGT 860-857. MCX
OBSERVATIONS
Copper trading range for the day is 847.3-870.5.
Copper rises as dollar dips on soft US inflation and weak retail sales data.
90-day US-China tariff pause fails to dispel long-term trade worries
ICSG doubled its 2025 global surplus forecast to nearly 300,000 tonnes
ZINC
SELL ZINC MAY @ 261 SL 263 TGT 259-257. MCX
OBSERVATIONS
Zinc trading range for the day is 254.1-263.9.
Zinc dips as optimism over US-China tariff pause begins to fade.
Zinc concentrate treatment charges (TCs) rose on global supply expectations
Overseas ore supply disruptions noted, including potential Zijin mine halt
