Commodity Trading Tips for zinc by Kedia Commodity

zincU. S. domestic production of recoverable zinc was 50,000 metric tons in November, down 24.2% from 66,000 tons the previous month, according to the U. S. Geological Survey. Zinc yesterday we have seen that market has moved
0.26%. Market has opened at 113.9 & made a low of 113.8 versus the day high of 114.2.

The total volume for the day was at 335 lots and the open interest was at 4629. Now support for the zinc is seen at 113.9 and below could see a test of 113.6. Resistance is now likely to be seen at 114.3, a move above could see prices testing 114.4. Trading Ideas: Zinc trading range is 113.6-114.4. US Nov zinc output 50,000 tons, -24.2% on month - USGS Zinc looks to take resistance at 115.30 and support is at 113.80 level. Spread between zinc FEB & MAR contracts yesterday traded in the range of 0.95 - 1.