U.S. domestic production of recoverable zinc was 63, 500 metric tons in March, up 12.4% from 56,500 tons the previous month, according to the U.S. Geological Survey.  Average U.S. daily zinc mine production in March was 2,050 tons, 2% higher than in February and 15% higher than in March 2009. Zinc yesterday we have seen that market has moved 0%. Market has opened at 79.35 & made a low of 79.1 versus the day high of 79.45. The total volume for the day was at 414 lots and the open interest was at 9551.Now support for the zinc is seen at 79.1 and below could see a test of 78.9. Resistance is now likely to be seen at 79.5, a move above could see prices testing 79.6.

Trading Ideas:

Zinc trading range is 78.9-79.6.

U.S. domestic production of recoverable zinc was 63, 500 metric tons in March

Resistance for zinc is seen at 80.30 and support is at 78.60.

Zinc weekly stock at Shanghai exchange came down by -23186 tonnes.

BUY ZINC JUNE ABV 80 SL 78.80 TGT 80.90-81.60-82.40.MCX