Japan's zinc production in February fell 15% from a month earlier to 45,921 metric tons, according to preliminary data released Tuesday by the Ministry of Economy, Trade and Industry. Zinc yesterday we have seen that market has moved 0.47%. Market has opened at 107 & made a low of 106.75 versus the day high of 107.3. The total volume for the day was at 591 lots and the open interest was at 4029.Now support for the zinc is seen at 106.9 and below could see a test of 106.5. Resistance is now likely to be seen at 107.4, a move above could see prices testing 107.6.

Trading Ideas:

Zinc trading range is 106.5-107.6.

Japan's zinc production in February fell 15% to 45,921 metric tons

Support for the zinc is at 106.10 and resistance is at 108.35.

Zinc daily weekly at Shanghai exchange came up by 101 tons.

BUY ZINC APR @ 106 SL 105 TGT 106.60-107.20-108.MCX