U.S. domestic production of recoverable zinc was 59, 400 metric tons in January, down 4.3% from 62,100 tons the previous month, according to the U.S. Geological Survey.  Average U.S. daily zinc mine production in January was 1,920 tons, 4% lower than in December and 14% lower than in January 2009. Zinc yesterday we have seen that market has moved 0.47%. Market has opened at 94.9 & made a low of 94.9 versus the day high of 95.45. The total volume for the day was at 543 lots and the open interest was at 6024.Now support for the zinc is seen at 95 and below could see a test of 94.7. Resistance is now likely to be seen at 95.5, a move above could see prices testing 95.8.

Trading Ideas:

Zinc trading range is 94.7-95.8.

U.S. domestic production of recoverable zinc was 59, 400 metric tons

Resistance for zinc is seen at 96.40 and support is at 94.20.

Zinc weekly stock at Shanghai exchange came up by 3667 tonnes.

BUY ZINC MAY @ 96 SL 95 TGT 97.20-98.50-99.20.MCX