Japan's zinc production in January rose 9% from a month earlier to 54,010 metric tons, according to preliminary data released by the Ministry of Economy, Trade and Industry. Zinc yesterday we have seen that market has moved 1.09%. Market has opened at 101.4 & made a low of 100.75 versus the day high of 102.8. The total volume for the day was at 11433 lots and the open interest was at 4223.Now support for the zinc is seen at 101 and below could see a test of 99.9. Resistance is now likely to be seen at 103.1, a move above could see prices testing 104.

Trading Ideas:

Zinc trading range is 99.9-104.

Japan's zinc production in January rose 9% to 54,010 metric tons

Support for the zinc is at 101 and resistance is at 103.10.

Mitsui Mining & Smelting Co. has lowered its zinc selling.

SELL ZINC MAR BELOW 101.60 SL 102.90 TGT 100.70-99.80-98.60.MCX