Minerals and Metals Group, or MMG, said it has resumed production at the Century zinc and lead mine in Queensland state after the passing of Tropical Cyclone Olga. Zinc yesterday we have seen that market has moved -3.06%. Market has opened at 100.05 & made a low of 95.85 versus the day high of 101.6. The total volume for the day was at 39787 lots and the open interest was at 4698.Now support for the zinc is seen at 94.4 and below could see a test of 92.25. Resistance is now likely to be seen at 100.15, a move above could see prices testing 103.75.

Trading Ideas:

Zinc trading range is 92-100.

Minerals and Metals Group said it has resumed production at the Century zinc

Support for zinc is at 95.30 and resistance is at 97.80.

Zinc daily stock at Shanghai exchange came up by 703 tonnes.

BUY ZINC FEB @ 97 SL 96.20 TGT 97.80-98.40-99.MCX