Japan's zinc production in May rose 18% from a month earlier to 51,670 metric tons, according to preliminary data released. Zinc yesterday we have seen that market has moved 0.71%. Market has opened at 84.4 & made a low of 84.15 versus the day high of 85.5. The total volume for the day was at 10895 lots and the open interest was at 6259.Now support for the zinc is seen at 84 and below could see a test of 83.4. Resistance is now likely to be seen at 85.3, a move above could see prices testing 86.1.

Trading Ideas:

Zinc trading range is 83.4-86.1.

Japan's zinc production in May rose 18% from a month

Resistance for zinc is seen at 83.40 and support is at 86.10.

Zinc daily stock at Shanghai exchange came down by -4003 tonnes.

BUY ZINC JULY ABV 85 SL 84.10 TGT 85.70-86.50.MCX