Chinese refined zinc imports rose in March largely because figures were low the previous month, when most traders closed for the Chinese New Year holiday. Zinc yesterday we have seen that market has moved 0.33%. Market has opened at 106.15 & made a low of 106.15 versus the day high of 106.45. The total volume for the day was at 782 lots and the open interest was at 4206.Now support for the zinc is seen at 106.2 and below could see a test of 106. Resistance is now likely to be seen at 106.5, a move above could see prices testing 106.6.

Trading Ideas:

Zinc trading range is 106-106.6.

Chinese zinc imports increase in March

Resistance for zinc is seen at 107.20 and support is at 105.40.

Zinc weekly stock at Shanghai exchange came up by 4963 tonnes.

BUY ZINC APR @ 106.50 SL 105.80 TGT 107.20-108.40.MCX