Canadian mining company Acadian Mining Corporation said operations at its Scotia Zinc Project at Gays River, Nova Scotia could come back on stream as early as this year. Zinc yesterday we have seen that market has moved 1.31%. Market has opened at 102.6 & made a low of 101.1 versus the day high of 106.2. The total volume for the day was at 42304 lots and the open interest was at 4415.

Now support for the zinc is seen at 101.5 and below could see a test of 98.8. Resistance is now likely to be seen at 106.6, a move above could see prices testing 109.

Trading Ideas:

Zinc trading range is 98.8-109.

Acadian Mining May Look to Restart Zinc Mine

Support for the zinc is at 103.10 and resistance is at 105.45.

Zinc daily stock at Shanghai exchange came down by -175 tonnes.

BUY ZINC MAR @ 102.50 SL 101.20 TGT 103.20-104.10-105.MCX