Zinc yesterday traded with the positive node and settled 2.5% up at 102.5 tracking a firm trend global market in along with firm spot demand. Some support had been seen from the LME stock also which came down by -625mt, the total stock at LME is now at 632825mt. In yesterday's trading session zinc has touched the low of 100.35 after opening at 100.35, and finally settled at 102.5. For today's session market is looking to take support at 100.3, a break below could see a test of 98.2 and where as resistance is now likely to be seen at 104.7, a move above could see prices testing 106.9. Spread between zinc DEC & JAN contracts yesterday ended at 1.15. Spread yesterday traded in the range of 1 - 1.6.

Trading Ideas:

Zinc trading range is 98.2-106.9.

Zinc ended higher tracking a firm LME prices

Zinc looks to take support at 101.20 and resistance at 103.80.

Zinc daily stocks at Shanghai exchange came down by 275 tonnes.