Japan's zinc production in March fell 9% from a month earlier to 41,984 metric tons, according to preliminary data released Friday by the Ministry of Economy, Trade and Industry. Zinc yesterday we have seen that market has moved -0.59%. Market has opened at 101.2 & made a low of 100.55 versus the day high of 101.85. The total volume for the day was at 8786 lots and the open interest was at 6638.Now support for the zinc is seen at 100.6 and below could see a test of 99.9. Resistance is now likely to be seen at 101.9, a move above could see prices testing 102.5.

Trading Ideas:

Zinc trading range is 99.9-102.5.

Japan's zinc production in March fell 9% from a month earlier

Resistance for zinc is seen at 101.90 and support is at 100.60.

Spread between zinc JUNE & JUN contracts yesterday traded in the range of 0.75 - 1.75.

BUY ZINC MAY @ 100.50 SL 99.50 TGT 101.20-101.90-102.50.MCX