The global zinc market recorded a surplus of 341,000 metric tons in 2010, the World Bureau of Metal Statistics said. Zinc yesterday we have seen that market has moved 0.09%. Market has opened at 113.9 & made a low of 113.8 versus the day high of 114.1. The total volume for the day was at 527 lots and the open interest was at 4169.Now support for the zinc is seen at 113.8 and below could see a test of 113.7. Resistance is now likely to be seen at 114.1, a move above could see prices testing 114.3.

Trading Ideas:

Zinc trading range is 113.7-114.3.

Global zinc market in 341,000-ton surplus in 2010 - WBMS

Zinc looks to take resistance at 115 and support is at 113.60 level.

Zinc weekly stocks at Shanghai exchange came up by 5682 tonnes

SELL ZINC FEB @ 114.80 SL 115.60 TGT 114-113.20-112.50.MC X

YESTERDAY LME STOCK FOR ZINC CAME DOWN  BY -100