Zinc yesterday traded with the positive node and settled 1.36% up at 114.15 as China import and export data triggered with surprised as Chinese economy was not affected by recent tightening policies. In this context, LME zinc prices rose tracking LME copper prices, and with prices finally closing at USD 2,505/mt, up USD 70/mt, and with gains over 2%. Traders are keeping an eye on China's CPI to be released today. In yesterday's trading session zinc has touched the low of 112.1 after opening at 112.7, and finally settled at 114.15. For today's session market is looking to take support at 112.4, a break below could see a test of 110.7 and where as resistance is now likely to be seen at 115.5, a move above could see prices testing 116.9.

Trading Ideas:

Zinc trading range is 110.7-116.9.

Zinc gained as China import and export data triggered with surprised

Zinc looks to take resistance at 115.30 and support is at 113 level.

Zinc daily stocks at Shanghai exchange came up by 2176 tonnes.