Zinc trading volumes on the Shanghai Futures Exchange have exploded this year. Volumes of zinc futures traded are up some 387% in the first nine months of the year. Zinc yesterday we have seen that market has moved 0.35%. Market has opened at 101.2 & made a low of 101.15 versus the day high of 101.5. The total volume for the day was at 925 lots and the open interest was at 6607.Now support for the zinc is seen at 101.1 and below could see a test of 101. Resistance is now likely to be seen at 101.5, a move above could see prices testing 101.7.

Trading Ideas:

Zinc trading range is 101-101.7.

Zinc trading volumes on the Shanghai Futures Exchange have exploded this year

Zinc looks to take support at 100.10 and resistance at 103.50.

Zinc weekly stocks at Shanghai exchange came up by 4624 tonnes.