Sell Zinc Oct @ 292 SL 294 TGT 290-288. MCX - Kedia Advisory
ALUMINIUM
SELL ALUMINIUM OCT @ 263 SL 265 TGT 261-259. MCX
OBSERVATIONS
Aluminium trading range for the day is 258.9-265.5.
Aluminium dropped after Trump signaled that the high tariffs on Chinese goods would not remain in place long term.
China exported 521,000 tonnes of unwrought aluminium and aluminium products, in September, down from August's 534,000 tonnes.
Aluminium inventories in warehouses monitored by the Shanghai Futures Exchange fell 2.2% from last Friday
COPPER
SELL COPPER OCT @ 987 SL 992 TGT 980-976. MCX
OBSERVATIONS
Copper trading range for the day is 968.6-1001.8.
Copper fell tracking a fall in global financial stocks as signs of credit stress at U.S. regional banks rattled markets.
Copper inventories in warehouses monitored by the Shanghai Futures Exchange rose 0.5% from last Friday
In China, hopes for fresh monetary stimulus were high after data showed that deflationary pressures persisted in September
ZINC
SELL ZINC OCT @ 292 SL 294 TGT 290-288. MCX
OBSERVATIONS
Zinc trading range for the day is 286.2-293.6.
Zinc dropped following a rout in U.S. regional banking shares on worries about mounting risks and credit quality.
Zinc inventories in warehouses monitored by the Shanghai Futures Exchange rose 2.5% from last Friday.
The global refined zinc markets are set for larger surpluses in 2026, the ILZSG said.
