Kazakhstan's Zinc output fell during the first two months of the year by 12.4% to 51,563 tons. Zinc yesterday we have seen that market has moved -1.84%. Market has opened at 102.9 & made a low of 100.7 versus the day high of 103.6. The total volume for the day was at 27515 lots and the open interest was at 4077.Now support for the zinc is seen at 100 and below could see a test of 98.9. Resistance is now likely to be seen at 102.9, a move above could see prices testing 104.7.

Trading Ideas:

Zinc trading range is 98.9-104.7.

Kazakhstan's Zinc output fell during the first two months by 12.4%

Support for the zinc is at 100 and resistance is at 102.30.

Zinc daily stock at Shanghai exchange came up by 77 tons.

BUY ZINC MAR @ 101.40 SL 100.70 TGT 101.90-102.40-103.MCX