Japan's zinc production in April rose 4% from a month earlier to 43,690 metric tons, according to preliminary data released by the Ministry of Economy, Trade and Industry. Production was up 2% from April 2009. Zinc yesterday we have seen that market has moved -3.95%. Market has opened at 87.2 & made a low of 83.75 versus the day high of 87.2.

The total volume for the day was at 28310 lots and the open interest was at 6896. Now support for the zinc is seen at 83.3 and below could see a test of 81.8. Resistance is now likely to be seen at 86.7, a move above could see prices testing 88.7. Trading Ideas: Zinc trading range is 81.8-88.7.

Japan's zinc production in April rose 4% from a month - METI Resistance for zinc is seen at 85.90 and support is at 83.30. Zinc daily stock at Shanghai exchange came down by -678 tonnes. SELL ZINC JUNE @ 86 SL 87.20 TGT 85.20-84.50-83.80. MCX