Yemen is to export zinc to the international markets by beginning of next year. Zinc yesterday we have seen that market has moved 0.21%. Market has opened at 95.75 & made a low of 94.9 versus the day high of 96.95. The total volume for the day was at 30199 lots and the open interest was at 7750.Now support for the zinc is seen at 94.6 and below could see a test of 93.7. Resistance is now likely to be seen at 96.7, a move above could see prices testing 97.8.

Trading Ideas:

Zinc trading range is 93.7-97.8.

Yemen to export zinc to world markets by next year

Resistance for zinc is seen at 96.70 and support is at 94.60.

Zinc daily stock at Shanghai exchange came up by 648 tonnes.

BUY ZINC MAY @ 94.80 SL 94 TGT 95.50-96.20-97.MCX