Zinc yesterday traded with the positive node and settled 0.58% up at 111.85 after a good selloff. Investors feared that chaos in Lybia will affect crude oil supplies, and that the unrest will spread to other crude oil producing countries. Crude oil futures were up USD 2.68 per barrel yesterday, and closed at USD 98.1 per barrel. In response, US stocks slumped on Wednesday, the Dow Jones Industrial Average was down 107.01 to close at 12,105.78, and the Nasdaq Composite Index was down 33.43 to close at 2,722.99. LME zinc prices overnight further dipped USD 53.3/mt and finally closed at USD 2,467/mt.In yesterday's trading session zinc has touched the low of 110.15 after opening at 111, and finally settled at 111.85. For today's session market is looking to take support at 110.6, a break below could see a test of 109.4 and where as resistance is now likely to be seen at 112.6, a move above could see prices testing 113.3. Trading Ideas:

Zinc trading range is 109.4-113.3.

Zinc yesterday traded with the positive node after a good selloff.

Zinc looks to take resistance at 113.10 and support is at 110.60 level.

Zinc daily stocks at Shanghai exchange came up by 1277 tonnes

YESTERDAY LME STOCK FOR ZINC CAME DOWN  BY -75