Kazakhstan Zinc output fell during the period by 9.8% to 301,674 tons.Zinc yesterday we have seen that market has moved -0.14%. Market has opened at 108.25 & made a low of 106.6 versus the day high of 108.75. The total volume for the day was at 13584 lots and the open interest was at 2647.Now support for the zinc is seen at 106.70 and below could see a test of 105.50. Resistance is now likely to be seen at 108.80, a move above could see prices testing 109.80.

Trading Ideas:

ZINC TRADING RANGE IS 105-111.

KAZAKHSTAN ZINC OUTPUT FELL DURING THE PERIOD BY 9.8% TO 301,674 TONS.

BUY ZINC DEC @ 107.50 SL 106.50 TGT 108.20-109.10-110.40.MCX

SUPPORT FOR ZINC IS AT 106.80 AND RESIST IS AT 108.90 LEVEL.

ZINC DAILY STOCK AT SHANGHAI EXCHANGE CAME DOWN BY -100 TONNES