zinZinc ended higher tracking firm cues from overseas market. No negative cues on the euro zone fiscal front has led to the market side-lining the debt concerns and moving back to the fundamentals. Zinc yesterday we have seen that market has moved 2.05%. Market has opened at 81.5 & made a low of 81.5 versus the day high of 83.1. The total volume for the day was at 20096 lots and the open interest was at 7324.Now support for the zinc is seen at 81.8 and below could see a test of 80.9. Resistance is now likely to be seen at 83.4, a move above could see prices testing 84.1.

Trading Ideas:

Zinc trading range is 80.9-84.1.

Zinc ended higher tracking firm cues from overseas market

Resistance for zinc is seen at 83.40 and support is at 81.80.

U.S. zinc imports fell -9.0% in April from a month ago

ZINC WILL WAIT TO TAKE POSITION.