Zinc production was 115,433 tons in March, down 2.9% from the year earlier period. Zinc yesterday we have seen that market has moved 0.38%. Market has opened at 106.5 & made a low of 106.3 versus the day high of 107.4. The total volume for the day was at 18226 lots and the open interest was at 4102.Now support for the zinc is seen at 106.2 and below could see a test of 105.7. Resistance is now likely to be seen at 107.3, a move above could see prices testing 107.9.

Trading Ideas:

Zinc trading range is 105.7-107.9.

Peru's zinc output falls in march by 2.9%

Resistance for zinc is seen at 107.90 and support is at 105.70.

Zinc daily stock at Shanghai exchange came up by 3809 tonnes.

SELL ZINC APR BELOW 106 SL 107.20 TGT 105.40-104.50.MCX

YESTERDAY LME STOCK FOR ZINC CAME DOWN  BY -1050