Zinc yesterday we have seen that market has moved 0.49% driven by firming trend in the global markets. Some support had been seen from the LME stock also which came down by -250mt, the total stock at LME is now at 607000mt. Market has opened at 112.45 & made a low of 112.45 versus the day high of 114.05. The total volume for the day was at 26814 lots and the open interest was at 4691.Now support for the zinc is seen at 112 and below could see a test of 111.4. Resistance is now likely to be seen at 113.6, a move above could see prices testing 114.6.

Trading Ideas:

Zinc trading range is 111.4-114.6.

Zinc yesterday ended positive tracking firm LME prices

Zinc looks to take support at 111.40 and resistance at 113.60

Zinc daily stocks at Shanghai exchange came up by 5433 tonnes.