Zinc yesterday traded with the negative node and settled -1.56% down at 96.25. Some support had been seen from the LME stock also which came down by -25mt, the total stock at LME is now at 632150mt. In yesterday's trading session zinc has touched the low of 94.65 after opening at 97.8, and finally settled at 96.25. For today's session market is looking to take support at 94.1, a break below could see a test of 92 and where as resistance is now likely to be seen at 98.9, a move above could see prices testing 101.6. Spread between zinc DEC & JAN contracts yesterday ended at 1.10. Spread yesterday traded in the range of 1 - 1.1.

Trading Ideas:

Zinc trading range is 92-101.6.

Zinc yesterday traded with the negative node and settled -1.56% down

Zinc looks to take support at 95.20 and resistance at 97.50.

Zinc daily stocks at Shanghai exchange came down by 1026 tonnes.