Zinc yesterday we have seen that market has moved -0.34% due to weak trend in zinc at the London Metal Exchange and subdued domestic demand. Market has opened at 103.5 & made a low of 102.05 versus the day high of 104.25. The total volume for the day was at 39650 lots and the open interest was at 6642.Now support for the zinc is seen at 102.2 and below could see a test of 101. Resistance is now likely to be seen at 104.4, a move above could see prices testing 105.4.

Trading Ideas:

Zinc trading range is 101-105.4.

Zinc settled lower due to weak trend at the London Metal Exchange

Zinc looks to take support at 102.20 and resistance at 104.40.

Zinc daily stocks at Shanghai exchange came down by 325 tonnes.