Union workers at the Xstrata Brunswick zinc mine in Canada have voted in favour of a three-year extension of a collective bargaining deal that will surpass the expected closure of the mine, Xstrata said. Zinc yesterday we have seen that market has moved -3.19%. Market has opened at 107.3 & made a low of 104.2 versus the day high of 107.65. The total volume for the day was at 33829 lots and the open interest was at 3507.Now support for the zinc is seen at 103.4 and below could see a test of 102.1. Resistance is now likely to be seen at 106.8, a move above could see prices testing 109.

Trading Ideas:

Zinc trading range is 102.1-109.

Canada Workers OK Brunswick Zinc Mine Contract - Xstrata

Support for zinc is at 103.40 and resistance is at 105.80.

Zinc daily stock at Shanghai exchange came down by -524 tonnes.

SELL ZINC FEB ON JUMP @ 105.50 SL 106.30 TGT 104.80-104.05-103.60.MCX