U.S. domestic production of recoverable zinc was 69, 000 metric tons in October, up 14% from 60,500 tons the previous month, according to the U.S. Geological Survey.s Average U.S. daily zinc mine production in October was 2,230 tons, 10% higher than in September and 32% higher than in October 2008. Zinc yesterday we have seen that market has moved -0.2%. Market has opened at 99.45 & made a low of 97.35 versus the day high of 101. The total volume for the day was at 34615 lots and the open interest was at 4474.Now support for the zinc is seen at 97.60 and below could see a test of 95.60. Resistance is now likely to be seen at 101.20, a move above could see prices testing 102.90.

Trading Ideas:

Zinc trading range is 95-104.

U.S. domestic production of recoverable zinc was 69, 000 metric tons

Support for zinc is at 98.30 and resistance is at 100.90.

Zinc daily stock at Shanghai exchange came down by -425 tonnes.

BUY ZINC FEB ABV 100 SL 99.10 TGT 100.60-101.40-102.MCX