Zinc yesterday traded with the positive node and settled 1.03% up at 107.1. Some support had been seen from the LME stock also which came down by -975mt, the total stock at LME is now at 546025mt. In yesterday's trading session zinc has touched the low of 105.65 after opening at 106.05, and finally settled at 107.1. For today's session market is looking to take support at 105.8, a break below could see a test of 104.5 and where as resistance is now likely to be seen at 108.2, a move above could see prices testing 109.3.

Trading Ideas:

Zinc trading range is 104.5-109.3.

Global Zinc Market In 107,000-Ton Surplus In Jan-Feb - ILZSG

Mitsui Mining & Smelting Co. has raised its zinc selling price

Zinc daily stock at Shanghai exchange came up by 3274 tonnes.

BUY ZINC APR @ 106.50 SL 105.50 SL 107.20-108.20.MCX