Zinc yesterday we have seen that market has moved -0.38% market has opened at 105 & made a low of 103.7 versus the day high of 105.3, failing to stabilize at 105 mark with prices still meeting pressure at 60-day moving average. The total volume for the day was at 21336 lots and the open interest was at 7886.Market players began to stay out of the market at higher prices. Now support for the zinc is seen at 103.9 and below could see a test of 103. Resistance is now likely to be seen at 105.5, a move above could see prices testing 106.2.

Trading Ideas:

Zinc trading range is 103-106.2.

Zinc yesterday we have seen that market has moved -0.38%

Zinc looks to take support at 103.80 and resistance at 105.70

Zinc daily stocks at Shanghai exchange came up by 299 tonnes.

SELL ZINC DEC BELOW 104.50 SL 105.25 TGT 104-103.50-102.80.MCX