Bulgaria's largest zinc and lead smelter, KCM, will raise output this year due to better conditions on the global markets, a senior official said. Zinc yesterday we have seen that market has moved -0.54%. Market has opened at 101.7 & made a low of 100.3 versus the day high of 101.9. The total volume for the day was at 26830 lots and the open interest was at 4852.Now support for the zinc is seen at 100.5 and below could see a test of 99.6. Resistance is now likely to be seen at 102.1, a move above could see prices testing 102.8.

Trading Ideas:

Zinc trading range is 99.6-102.8.

Bulgria KCM sees zinc output rise in 2010

Resistance for zinc is seen at 102.10 and support is at 100.50.

Zinc daily stock at Shanghai exchange came up by 524 tonnes.