U. S. domestic production of recoverable zinc was 62, 100 metric tons in December, up 24% from 49,900 tons the previous month, according to the U. S. Geological Survey. Average U. S. daily zinc mine production in December was 2,000 tons, 21% lower than in November and 4% lower than in December 2008. Zinc yesterday we have seen that market has moved 1.33%. Market has opened at 103 & made a low of 102.7 versus the day high of 106. The total volume for the day was at 27362 lots and the open interest was at 2228. Now support for the zinc is seen at 103.2 and below could see a test of 101.3. Resistance is now likely to be seen at 106.5, a move above could see prices testing 107.9.

Trading Ideas:

Zinc trading range is 101.3-107.9.

U. S. domestic production of recoverable zinc was 62, 100 metric tons in December

Support for the zinc is at 104 and resistance is at 106.10

Zinc daily stock at Shanghai exchange came up by 4697 tons.

BUY ZINC MAR @ 104-104.50 SL 103 TGT 105.20-106-106.80.MCX