Russia's zinc output increased in January to February by 23% compared with the same two months of 2009, the state statistics committee reported. Zinc yesterday we have seen that market has moved -0.53%. Market has opened at 103.6 & made a low of 101.15 versus the day high of 103.6. The total volume for the day was at 21797 lots and the open interest was at 3853.Now support for the zinc is seen at 101.6 and below could see a test of 100.1. Resistance is now likely to be seen at 104, a move above could see prices testing 105.

Trading Ideas:

Zinc trading range is 100.1-105.

Russia's zinc output increased in January to February by 23%

Support for the zinc is at 101.60 and resistance is at 104.

Zinc daily stock at Shanghai exchange came up by 776 tons.

SELL ZINC MAR @ 103.50 SL 104.20 TGT 103-102.40-101.80.MCX