Zinc yesterday traded with the positive node and settled 0.95% up at 94.45. Tightness has emerged in the LME zinc market for nearby dates between cash and February 24, despite ever-rising warehouse inventories. In yesterday's trading session zinc has touched the low of 93.25 after opening at 94.05, and finally settled at 94.45. For today's session market is looking to take support at 93.4, a break below could see a test of 92.3 and where as resistance is now likely to be seen at 95.4, a move above could see prices testing 96.4.

Trading Ideas:

Zinc trading range is 92.3-96.4.

Zinc yesterday traded with the positive node and settled 0.95% up at 94.45

Tightness has emerged in the LME zinc despite ever-rising warehouse inventories

Zinc is getting resistance at 96.20 and support is likely to get at 93.60 level

WAIT FOR FRESH ENTRY IN ZINC