Sumitomo Corp., Japan's third- largest trading house, said it resumed operations at its zinc, silver and lead mine in Bolivia as protesters suspended road blockades after threatening to cut power to the site. Zinc yesterday we have seen that market has moved -0.43%. Market has opened at 92.75 & made a low of 90.65 versus the day high of 93.35. The total volume for the day was at 29937 lots and the open interest was at 5935.Now support for the zinc is seen at 90.7 and below could see a test of 89.3. Resistance is now likely to be seen at 93.4, a move above could see prices testing 94.7.

Trading Ideas:

Zinc trading range is 89.3-94.7.

Sumitomo says resumes zinc mine operations in Bolivia

Resistance for zinc is seen at 93.40 and support is at 90.70.

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