U. S. zinc import fell 3.9% in September from a month ago, and was down 5.0% from the previous year, whereas U. S. zinc exports fell 27.1% in September from the previous month, and was down 88.3% from the previous year the Commerce Department reported. Zinc yesterday we have seen that market has moved -0.05%. Market has opened at 100.55 & made a low of 100.5 versus the day high of 100.7. The total volume for the day was at 157 lots and the open interest was at 4403. Now support for the zinc is seen at 100.5 and below could see a test of 100.4. Resistance is now likely to be seen at 100.7, a move above could see prices testing 100.8.

Trading Ideas:

ZINC TRADING RANGE IS 97.50-103.50. U. S. ZINC IMPORT FELL 3.9% IN SEPTEMBER FROM A MONTH AGO

BUY ZINC NOV ABV 101 SL 100.20 TGT 100.80-101.50-102.20. MCX

ZINC IS GETTING SUPPORT AT 99.40 AND RESISTANCE AT 101.40 LEVELS.

SELL ZINC NOV @ 102.80 SL 103.80 TGT 101.80-100.60-99.80. MCX

YESTERDAY LME STOCK FOR ZINC CAME Up BY 950

Commodity Analysis by Kedia Commodity, India's Premium Research House, Mumbai. Check out more commodity reviews at KediaCommodity. com