Zinc yesterday traded with the positive node and settled 0.05% up at 109.85. LME zinc prices were not strongly supported by the weakened US dollar index and the positive economic data. LME zinc prices overnight opened at USD 2,370/mt, with prices trying to touch USD 2,428/mt during the day, but finally closed at USD 2,370/mt. In yesterday's trading session zinc has touched the low of 109.7 after opening at 109.95, and finally settled at 109.85. For today's session market is looking to take support at 109.7, a break below could see a test of 109.5 and where as resistance is now likely to be seen at 110, a move above could see prices testing 110.2.

Trading Ideas:

Zinc trading range is 109.5-110.2.

Zinc settled up on fresh buying and dollar weakness

US dollar index and the positive economic data. LME zinc prices overnight opened at USD 2,370/mt

Zinc looks to take support at 109 and resistance at 110.20.

BUY ZINC JAN @ 108.50 SL 107.80 TGT 109.20-109.90.MCX

YESTERDAY LME STOCK FOR ZINC CAME UP  BY 3075