Commodity Outlook for Zinc by Kedia Commodity

ZincZinc yesterday traded with the positive node and settled 2.02% up at 98.3. In yesterday's trading session zinc has touched the low of 96.5 after opening at 96.7, and finally settled at 98.3.

For today's session market is looking to take support at 96.9, a break below could see a test of 95.5 and whereas resistance is now likely to be seen at 99.3, a move above could see prices testing 100.2.

Trading Ideas:

Zinc trading range is 94.9-99.6.

Zinc prices gained driven by rising demand in spot market

Resistance for zinc is seen at 99.50 and support is at 95.50.

Zinc daily stock at Shanghai exchange came up by 7003 tonnes.

BUY ZINC AUG @ 97.50 SL 96.50 TGT 98.20-99.20.MCX

YESTERDAY LME STOCK FOR ZINC CAME UP  BY 3325