Peru's output of zinc rose in November the Energy and Mines Ministry said.  Zinc production was 138,487 tons in November, up 12.5% from the year-earlier period, it said. That was mainly due to increases in output at Compania Minera Atamina SA. Zinc yesterday we have seen that market has moved 3.18%. Market has opened at 112.85 & made a low of 112.85 versus the day high of 116.95. The total volume for the day was at 22002 lots and the open interest was at 7127.Now support for the zinc is seen at 114.05 and below could see a test of 111.40. Resistance is now likely to be seen at 118.15, a move above could see prices testing 119.60.

Trading Ideas:

ZINC TRADING RANGE IS 112-120.

PERU’S ZINC PRODUCTION WAS 138,487 TONS IN NOVEMBER UP BY 12.5%

ZINC YESTERDAY BROKEN THE RESISTANCE OF 114.80 NOW LOOK TILL 118.50 LEVEL.

ZINC DAILY STOCK AT SHANGHAI EXCHANGE CAME UNCHANGED.

BUY ZINC DEC @ 116 SL 114.90 TGT 117.20-118.40-119.MCX