U.S. zinc imports rose 15.6% in March from a month ago, but was down 34.7% from the previous year, the Commerce Department reported. Zinc yesterday we have seen that market has moved 2.83%. Market has opened at 93.9 & made a low of 93 versus the day high of 97.15. The total volume for the day was at 32058 lots and the open interest was at 6627.Now support for the zinc is seen at 93.8 and below could see a test of 91.3. Resistance is now likely to be seen at 97.9, a move above could see prices testing 99.6.

Trading Ideas:

Zinc trading range is 91.3-99.6.

U.S. zinc imports rose 15.6% in March from a month ago

Resistance for zinc is seen at 96.90 and support is at 95.10.

Zinc daily stock at Shanghai exchange came down by -525 tonnes.

SELL ZINC MAY @ 96 SL 97.20 TGT 95.20-94.40.MCX