Sell Zinc Oct @ 289.5 SL 291 TGT 287-285. MCX - Kedia Advisory
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ALUMINIUM
Observation
Aluminium trading range for the day is 239.4-245.2.
Aluminium seen supported amid China’s economic support measures.
The premium of LME October aluminium over November hit $18 a metric ton from a premium of $5.85 about three weeks ago.
Global aluminium surplus seen at 200,000-300,000 T in 2025
SELL ALUMINIUM OCT @ 244 SL 246 TGT 242-240. MCX
COPPER
Observation
Copper trading range for the day is 845.5-865.1.
Copper gained on hopes of a rebound in demand after China's stimulus measures.
SHFE Copper inventories rose to 141,625 tons on Sept. 30
The LME cash copper contract was trading at a discount of $141.16 a ton against the three-month contract
SELL COPPER OCT @ 858 SL 863 TGT 852-848. MCX
ZINC
Observation
Zinc trading range for the day is 283.1-291.3.
Zinc prices gained amid China’s economic stimulus measures
The global refined zinc market could see a 164,000 metric ton deficit in 2024
Zinc inventories in SHFE dropped to 79,980 metric tons on Monday.
SELL ZINC OCT @ 289.5 SL 291 TGT 287-285. MCX
